Live Nation CEO Michael Rapino recently claimed that concert tickets should cost way more, actually, while speaking at CNBC and Boardroom’s Game Plan conference. According to Rapino, who has a net worth of $997.1 million, concert tickets have been “underpriced” for “a long time.”

Rapino compared popular concerts to sports games, insinuating that sports fans actually enjoy spending thousands of dollars on tickets. By this logic, concertgoers should embrace higher prices, or at least learn to like it.

“Music has been under-appreciated,” he said. “In sports, I joke it’s like a badge of honor to spend 70 grand for a Knicks courtside [seat]. They beat me up if we charge $800 for Beyoncé.”

Spending 70 grand on Knicks tickets is only cool if you have 70 grand in disposable income to spend on K

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