Walt Disney Co.'s "Hannah Montana" concert is commanding twice the price for tickets from scalpers and brokers that Bruce Springsteen commands.
Asking prices for tickets to "Hannah Montana & Miley Cyrus: Best of Both Worlds Tour" reached $4,572 today on San Francisco-based StubHub.com, an online auctioneer. Tickets for Springsteen were as high as $2,353. The Hannah Montana tour performs at The Energysolutions Arena in Salt Lake City on Oct. 27
"We had somebody call in debating whether to take their family to Hawaii or buy five tickets to Hannah Montana," John Lamoreaux, president of Milwaukee-based Ticket King Inc., said today in an interview. "For $5,200, they decided to go to Hannah Montana."
"Hannah Montana" is a hit show on the Disney Channel that stars Miley Cyrus, daughter of country musician Billy Ray Cyrus, as a pop star who moves with her family to Malibu, Calif., from Tennessee and tries to maintain an ordinary life while keeping her celebrity identity a secret.
Arkansas Attorney General Dustin McDaniel announced an investigation into five online brokers to determine whether prices are being manipulated. His office is seeking information from Ticketliquidator.com, Tickets-For-Events.com, TicketsNow.com, Gotickets.com and StubHub.com. Demand reached such a fever pitch that families are passing up vacations to afford tickets, brokers said.
"Meet Miley Cyrus," the soundtrack for "Hannah Montana," sold 83,000 copies and was the second-highest-selling CD when it was released the week of Aug. 19, according to data from Nielsen SoundScan, a unit of Nielsen Media Research.
The album was released by Burbank, California-based Disney, which is also producing the 54-show concert tour that starts this month. Anschutz Entertainment Group is the tour promoter, and IAC/InterActiveCorp's Ticketmaster is handling sales for 49 of the dates, according to Disney spokeswoman Lillian Matulic. Disney isn't commenting further, Matulic said.