Accessed December 05, 2020. https://www.statista.com/statistics/380120/global-music-tour-gross-revenues/, Pollstar. Scotland reported the biggest jump in music tourists, up 38% year-on-year to 1.1m, helped by new festivals such as Summer Sessions. More than 31,000 full time employees directly benefit from the work of this industry in the United States alone. "Music tour gross revenues from 2011 to 2019 worldwide (in billion U.S. The annual report, Music by Numbers, shows UK music remains a hugely successful British export with £2.7bn in revenue from sales of music and tickets of UK acts overseas. UK Music said it expected up to 85 per cent of live music revenue to be lost this year, with the sector’s income close to zero since March. Live Nation revenue dived 95% year-on-year in Q3 as the pandemic continued to pummel the touring business. Cross-sector trade group UK Music has reported that the economic impact of the British music industry in 2019 was £5.8 billion, up 11% from the … In 2018 and 2019, the forecast predicts revenues to reach $8.16 billion and $8.59 billion respectively. Breaking down entertainment industries in the Global Entertainment and Media Outlook 2018-2022 report, PwC reveals live music revenue will increase at a compound annual growth rate (CAGR) of 3.3% heading into 2022. Now the tables have turned, with revenue from music fans using services such as Spotify, Apple Music and Amazon Music surging by 34% year on … Since 2006, worldwide music industry revenues have been more than $60 billion each year. The value of Britain’s live music sector hit a record £1.1bn last year, as fans flocked to see big name artists including Ed Sheeran, the Rolling Stones and Sam Smith on tour. While not impacting the revenue structure directly, streaming has already revolutionized music consumption. Revenue of the live music industry. "Music Tour Gross Revenues from 2011 to 2019 Worldwide (in Billion U.S. facts. Live music turnover in Spain 2019, by genre of music Statista is a great source of knowledge, and pretty helpful to manage the daily work. Interactive streaming, through services like YouTube, Spotify, Apple Music and Amazon Music Unlimited, is now dominating the industry even more than before. Live Nation attributed the growth primarily to arena and theatre shows which were each up over a million fans. LOS ANGELES, Oct. 31, 2019 /PRNewswire/ — Live Nation Entertainment, Inc. (NYSE: LYV) today released financial results for the three and nine months ended September 30, 2019. Income from live concerts has arguably never been as important; performers generate around … This physical fall was more than offset by growth in streaming formats (including video and audio), which generated $11.4bn last year, up 22.9% YoY. “Live music is now at a record high and continues to draw millions of fans from both the UK and abroad to our arenas and smaller venues alike,” said Michael Dugher, the chief executive of UK Music, the industry body behind the annual report. This includes ticket… Read More According to a new study from Pricewaterhouse Coopers (PwC), the live concert industry will experience significant growth during the next few years. Please create an employee account to be able to mark statistics as favorites. Streaming made up 56 percent of … Employment in the UK music industry was a record 197,168 at the end of 2019. Fans are still willing to pay for music, when it’s live Amid continuing declines in total sales for the music industry, concerts are playing a bigger role as a revenue source. By contrast, in 2019 the top 1% now commands a whopping 60% of revenue. Between 2014 and 2015, there was an increase in expenditure in the US by a … In, Pollstar. Market Overview The global Video Live Streaming Solutions market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of xx% in the forecast period of 2020 to 2025 and will expected to reach USD xx million by 2025, from USD xx million in 2019. All rights reserved. It claimed that recorded music revenues grew by 11.4% to $21.5bn in 2019, with streaming up by 24% to $11.9bn. ^ Spotify’s premium subscribers 2015-2019 ^ Paid streaming music subscribers in the U.S. 2014-2019 ^ Video Streaming Market Worth $184.3 Billion By 2027 ^ Netflix Revenue 2006-2019 ^ Netflix Spent $12 Billion on Content in 2018. The total export revenue of the music industry was £2.9bn, up from £2.7bn in the previous year. Fans still value the unique experience of seeing their favorite artist in … Live Music Trends As highlighted by Citi Research, live events keep increasing both in Europe and in the US. Dugher said it was crucial that politicians did not let Brexit derail the contribution to the UK economy made by the music sector. 22 Number of Music Tourists 24 Music Tourist Spend 25 Music Tourism Jobs 26 next steps. Streaming music accounted for 80% of industry here. Whichever way you look at it, growth accelerated, and – crucially – this growth was achieved even though streaming revenue growth slowed,” wrote Midia boss Mark Mulligan. Backed by continually strong streaming growth, the recorded music business saw double-digit growth for the fourth consecutive year in 2019, according to data from the … Live music revenue just keeps exploding… In the US, live music revenue has been increasing year-on-year. Published by Amy Watson, Aug 25, 2020 In 2019, the total revenue of the recorded music industry amounted to 21.5 billion U.S. dollars. We do too. “Revenue in the live music industry will be down a catastrophic 80 per cent in 2019 and over 70 per cent of the employees in the industry are currently utilising the furlough scheme. You can only download this statistic as a Premium user. © 2020 Guardian News & Media Limited or its affiliated companies. 28 methodology. The number of music tourists, those travelling from overseas or within the UK to get to live events, hit a new high of 11.2m last year, up from 10.9m in 2017. In the United States, revenue of the live music industry is forecast to gradually rise from around nine billion U.S. dollars in 2015 to almost 12 billion U.S. dollars in 2021. dollars)." Pollstar. Report reveals live music is worth £1.1bn to Uk economy with industry as a whole put at £5.2bn. The revenue growth is being driven by a growing number of users willing to pay for music on demand. Global Live Music Market Share, Size, Revenue 2019, Worth, Growth, Business Opportunities, Regional-Outlook, Top Players, Types, Demand & Industry Forecast to 2025 Share This Press Release Dallas, United States - May 28, 2019 /MarketersMedia/ — Live music includes live concerts performed by … Are you interested in testing our corporate solutions? “A small proportion of creators in the industry do earn exceptionally well,” said UK Music. Is it live, or is it recorded? Rt Hon Nicky Morgan 4 figures. Live music is the one area of the industry’s revenue that remains reliable as a guaranteed source of cash. IMS Business Report 2019 by Kevin Watson Source: IFPI Global Music Report 2019 3 All Genres Global recorded music revenues grew by 9.7% in 2018, driven by streaming, and all geographies except Europe 5% 21% By Format 10 Revenue increases were driven by the number of paid subscriptions exceeding 60 million for the first time. No sweat. As a Premium user you get access to background information and details about the release of this statistic. Update, Insights into the world's most important technology markets, Advertising & Media Outlook Simply register and submit your event details and we'll Around 80% of live revenue comes directly from ticket sales, while brand sponsorships and merchandise generate another 20%. Dollars). The company told investors in its Q3 SEC filing last Thursday (November 5): “[We] estimate the lost revenue impact from the global COVID-19 pandemic in the third quarter and first nine months of 2020 to be approximately $3.7 billion and $7.0 billion, respectively”. “That growth was bigger than 2018 in both absolute and relative terms. The forecast predicts a peak in 2021: $9.55 billion. … December 14, 2019. UK Music pointed out that while record companies and the biggest stars were thriving, the average musician was struggling to make a living. 2019 was a record-setting year for live revenue – and Q1 2020 revenue rose 10.9%. and over 1 Mio. “We face many challenges to ensure we keep our music industry vibrant,” he said. Breaking down entertainment industries in the Global Entertainment and Media Outlook 2018-2022 report, PwC reveals live music revenue will increase at a compound annual growth rate (CAGR) of 3.3% heading into 2022. Register in seconds and access exclusive features. Live Nation gained ground in the third quarter covering June to September, its revenue of $184 million was 95.1% below $3.77 billion in the prior year period’s revenue. Global entertainment and media revenue is set to fall nearly 6%, or more than US$120bn on 2019, after a solid 4.7% year-on-year growth in 2019. 3. Report reveals live music is worth £1.1bn to Uk economy with industry as a whole put at £5.2bn. live music is creating more jobs and revenue and attracting more tourists right across the UK. In total, the American music industry’s 2019 retail revenue was about $11.1 billion, up from $9.8 billion in 2018 and $8.8 billion in 2017. Advertising spending in the U.S. 2015-2022, Profit from additional features with an Employee Account. 2. Then you will be able to mark statistics as favourites and use personal statistics alerts. That means Midia is estimating $1.3bn more global revenues in 2019 than the IFPI is reporting, with Midia’s total including $873m of ‘artists direct’ revenue – for artists without labels. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook The total export revenue of the music industry last year, according to the report, was £2.9 billion — up 9% from £2.7 billion in 2018. According to a new study from Pricewaterhouse Coopers (PwC), the live concert industry will experience significant growth during the next few years. Statista. Live music has been about 33% of these total revenues each and every year. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Profit from additional features by authenticating your Admin account. Of course, the two are now happily intertwined, with streaming often propelling crowds towards live performances. Want your gig featured on Live Music? In addition to the £5.8 billion contribution that the UK music industry made to the British economy in 2019, the report also reveals that employment in the industry hit an all-time high of 197,168 — an increase of 3% from 190,935 in 2018. Total concert attendance remained level at 24.9m while festival-going soared, up 23% year-on-year to 4.9m people. 35 contents. Advertising will be the slowest segment to recover and is not expected to exceed 2019 figures until 2022, although Internet advertising has emerged relatively unscathed as compared to print. The gross revenue from live music tour performances reached 5.55 billion U.S. dollars in 2019, up slightly from the year before and significantly higher than the … It helped to drive the music industry’s overall contribution to the UK economy – which also includes sales of British music overseas and the money spent on food and accommodation by music tourists – to £5.2bn in 2018. In fact, figures estimate the latter might record around $11.06 billion in revenue this year, which is surprising when compared to 2014’s $9.06 billion and streaming’s $ 3.66 billion. In total, the American music industry’s 2019 retail revenue was about $11.1 billion, up from $9.8 billion in 2018 and $8.8 billion in 2017. The headline is that global recorded music revenues (so, not including publishing or live music) grew by 11.4% to $21.5bn. 2019 MUSIC INDUSTRY TRENDS: MIDEM NEWS MAGAZINE – CONTENTS 1. Live music opportunities are on the rise This growth is one reason why the live-music market is spurring some bullish predictions for the future. Live music ticket sales revenues will break the $9 billion mark in 2020, generating an expected $9.1 billion. Pollstar looked at the preliminary gross revenue for the Q1 Top 100 Tours for their forecast. introductions. Revenue … Then you can access your favorite statistics via the star in the header. Live music events in the South East generated over £553m for the economy last year but in 2020 the industry has been decimated after events were cancelled February 17, 2019 Pavel Prikhodko Leave a comment. London remains the most popular destination for music tourists, with 2.8m coming to a wide range of live music including festivals such as Wireless and Lovebox. The pandemic has wreaked havoc on Live Nation Entertainment’s revenues this year. As highlighted by Citi Research, live events keep increasing both in Europe and in the US. Pavel Prikhodko, Ph.D. Machine Learning . Please do not hesitate to contact me. Live music revenue is projected to decline by 90% in 2020, according to a new report by PwC.. 32 acknowledgements. “It is important to understand these figures do not reflect the financial struggles of many music creators.” It said 139,352 people were employed last year as music creators, including musicians, composers, songwriters, lyricists, producers and engineers. Learn more about how Statista can support your business. Streaming music accounted for 80% of industry here. Live Music - Australia’s live music guide for gigs, performances, concerts, venues, festivals and events. Live music promoter Live Nation promoted 21,000 separate events in the year 2010 by themselves. In fact, figures estimate the latter might record around $11.06 billion in revenue this year, which is surprising when compared to 2014’s $9.06 billion and streaming’s $ 3.66 billion. Drawing primarily on Citi and PwC estimations, the total revenue of the live industry can be put at around $9,5 billion. Global promoters like Live Nation reported their revenue in the first quarter of 2019 to have crossed $1.7 billion. The ideal entry-level account for individual users. Pollstar looked at the preliminary gross revenue for the Q1 Top 100 Tours for their forecast. (December 14, 2019). Streaming music revenue will grow to slightly over $23 billion by 2022. 4. North America was the largest live music market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Chart. In addition to the industry’s direct economic contribution, music tourism alone contributed £4.7 billion in terms of spending to the UK economy in 2019 - up 6% from £4.5 billion in 2018. Christof Baron about Statista CEO, MindShare Germany ", Pollstar, Music tour gross revenues from 2011 to 2019 worldwide (in billion U.S. dollars) Statista, https://www.statista.com/statistics/380120/global-music-tour-gross-revenues/ (last visited December 05, 2020), Music tour gross revenues from 2011 to 2019 worldwide, Worldwide music tour gross revenues 2011-2019, Highest grossing worldwide music tours of all time 2019, Number of music tour tickets sold worldwide 2011-2019, Number of tickets sold for the highest grossing music festivals worldwide 2019, The most successful music tours in North America in 2019, Highest grossing music tour each year in North America 2000-2019, Most successful music tours in North America 2019, based on ticket sales, Music sponsorship spending in North America 2010-2018, Canada: total music market revenue 2011-2018, Countries with the smallest music product sales per capita worldwide 2018, U.S. household expenditure on plays, theater, opera and concerts 2013-2019, Share of parents taking children to a live music event U.S. 2018, North American music and sound companies with the largest revenue in 2019, North American music and sound companies with the most employees 2019, U.S. retail sales of sound gear 2019, by category, Number of events promoted by Live Nation from 2008 to 2019, Live Nation Entertainment's concert revenue from 2008 to 2019, Live Nation Entertainment's ticketing revenue from 2008 to 2019, Live Nation stock and the coronavirus 2020, Concert and movie theater attendance since the coronavirus outbreak U.S. 2020, Coronavirus and the media: support for restricting events U.S. 2020, Coronavirus and the media: opposition for restricting events U.S. 2020, Leading club venues worldwide 2019, by number of concert tickets sold, Leading concert sites worldwide 2019, by number of tickets sold, Latin America: highest grossing festivals 2019, Forecast live music concert revenue in Spain 2014-2023, Popular national music artists in Spain 2019, by number of sold-out dates, Average attendance per concert of main international artists tours in Spain 2019, Average attendance per concert of main national artists tours in Spain 2019, Number of concerts per tour of the main international music artists in Spain 2019, Number of concerts per tour of the main Spanish music artists in Spain 2019, Booking fees of select music artists and bands 2014, Audience share of Eurovision Song Contest first semi-final in Italy 2011-2019, Audience share of Eurovision Song Contest second semi-final in Italy 2014-2019, Audience share of Eurovision Song Contest finale in Italy 1987-2020, Italy: audience expenditure of concertinos events 2013-2016, Admissions and attendances at classical concerts in Italy 2018, by macro-region, Favorite South Korean singers and groups United States 2019, Music tour gross revenues from 2011 to 2019 worldwide (in billion U.S. dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Revenue increases were driven by the number of paid subscriptions exceeding 60 million for the first time. Consultancy firm PricewaterhouseCoopers has predicted that live revenue from ticket sales and sponsorships will reach $28.9bn by 2021 , while an IFPI and Goldman Sachs study suggests it will grow to $38.3bn by 2030 . You only have access to basic statistics. This feature is limited to our corporate solutions. Available for everyone, funded by readers, Move means 100 club, which has hosted live music since 1942, will get business rates relief, Fans gather in a German church to hear the first new sound in John Cage’s composition, Organ/ASLSP, for six years, Band repaid money plus fines and interest but case at different court could land them in jail, Culture committee chair Julian Knight said it would investigate whether the business models used by major streaming platforms are fair to writers and performers. As a Premium user you get access to the detailed source references and background information about this statistic. Worldwide recorded music revenues surged 9.7% to $19.1bn (£14.6bn) in 2018, the fastest rate of growth since at least 1997 when the Oasis album Be Here Nowtopped the UK albums chart. This statistic is not included in your account. You need at least a Single Account to use this feature. The number of jobs sustained by music tourism was 45,530 last year, a record high, with overall employment in the music industry also at an all-time high of 190,935. Figures for 2015 to 2018 were restated in 2019. Corporate solution including all features. The 2020-2024 Australian Entertainment and Media Outlook recorded Australia’s total music market at $1.82 billion last year, and is expected to rise to $2.32 in 2024. This is the definitive source of revenue data for the recorded music industry in the United States. In the final quarter of 2019, Sony’s recorded music revenues increased 11.4% year-on-year to $1.16 billion, including a 20.6% increase in streaming profits reaching $669 million. The bank U2 has two of the top 5 all-time grossing music tours, generating over $1 billion in revenue combined. Live Nation delivered its highest operating income and adjusted operating income ("AOI") quarter ever as we continue to scale our business globally and build on favorable supply/demand dynamics for live music. This includes ticket… Read More Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from, based on the top 100 worldwide tours in the given period. Total revenues grew 18% to $5.4 billion at retail in the first half of 2019. Which music tours in North America are the most successful? 2019 was a record-setting year for live revenue – and Q1 2020 revenue rose 10.9%. CROSS-BORDER MUSIC, page 7 Breaking down the musical barriers; HIGH-POTENTIAL MARKETS, page 11 Celebrating the music of Africa and Latin America; WORLDWIDE HIP-HOP, page 15 Hip-hop is finding new fans all around the world; MIDEM LIVE SUMMIT, page 16 Live music Ninth Report of Session 2017–19 Report, together with formal minutes relating to the report Ordered by the House of Commons to be printed 6 March 2019 HC 733 Published on 19 March 2019 by authority of the House of Commons. RIAA Study Shows 2019 Music Revenue Increased 13%, Subscription Income Up 25% Vinyl was the one bright spot in the vastly shrinking physical media market, up … Directly accessible data for 170 industries from 50 countries New, Everything you need to know about the industry development, Find studies from all around the internet. According to the RIAA study, conducted in 2016 the most popular way to listen to music in Japan is actually a streaming platform – 42,7% of respondents employed YouTube as the primary source for music discovery and consumption.The popularity of VOD also affects the … Musicians earned an average income of £23,059 in 2018, below the national average of £29,832, according to the Office for National Statistics. Streaming makes up 80 percent of the music industry’s revenue Although physical sales are also on the up-and-up By Julia Alexander Sep 6, 2019, 9:31am EDT Live Music 21 music tourism. Live Nation has reported $8.7 billion in revenue for the first three quarters of 2019, a 6% increase from the same time last year. However, restrictions on live music due to the coronavirus pandemic remain a hurdle to the sector’s recovery. Most successful music tours worldwide 2019, Average worldwide music tour admission price 2011-2019, Leading music promoters worldwide 2019, by number of tickets sold, Highest grossing festivals worldwide in 2019. Please authenticate by going to "My account" → "Administration". Streaming music revenues, in particular, now account for nearly half (47 percent) of global revenue, thanks to a sizable 32.9 percent jump in paid streaming last year. Total revenues grew 18% to $5.4 billion at retail in the first half of 2019. As soon as this statistic is updated, you will immediately be notified via e-mail. You need a Single Account for unlimited access. A paid subscription is required for full access. New, Figures and insights about the advertising and media world, Industry Outlook Live Nation has reported $8.7 billion in revenue for the first three quarters of 2019, a 6% increase from the same time last year. WHERE BUSINESS HAPPENS. I hope that politicians and policy makers reading this report will see the huge boost that live music gives to our economy in every part of the UK. Calendar Q3 2019: 107.4 Yen per USD; Calendar Q4 2019: 108.8 Yen per USD; Calendar Q1 2020: 109.0 Yen per USD; Calendar Q2 2020: 107.6 Yen per USD; Calendar Q3 2020: 106.2 Yen per USD; By applying these exchange figures to each applicable period, we effectively get a US-leaning constant currency picture of Sony Music’s performance. “And we urgently need to ensure that the impact of Brexit doesn’t put in jeopardy the free movement of talent, just at the time when we should be looking outwards and backing the best of British talent right across the world.”. Bright spots for record companies in 2019 included a softening of physical music revenue declines – down by just 5.3% year-on-year to $4.4bn. The Global Entertainment & Media Outlook 2019–2023, the just-released 2019 update to the consulting firm’s respected annual Outlook report, finds live music ticket sales will increase at a compound annual growth rate (CAGR) of 3.33% from 2018 to 2023, from $21.256bn (projected) in 2018 to $25.036bn in 2023. Amid a continuing downturn in sales of vinyl and CDs, music companies see more promise in concert revenue. People love listening to their favorite records at home, but investing in a musician or a band and going to a live event provides a valuable social experience. According to data (published at Statista.com) on the revenues of the live music industry in the U.S., live music tickets sales generated $6.78 billion in 2012 — since then, the numbers have continued only to grow. London club that hosted Oasis and Sex Pistols gets special status, Slowly does it: chord changes in John Cage's 639-year-long organ piece, Sigur Rós criticise 'unjust' second trial for Icelandic tax evasion, MPs to examine impact of streaming on future of music industry, Anna Calvi: live music venues deserve as much help as ballet or opera, Mumford & Sons star: UK needs small venues to nurture talent, Why Kanye West's fight for his masters marks a changing music industry, No-deal Brexit may make touring Europe 'unviable' for UK artists. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Music tour gross revenues from 2011 to 2019 worldwide (in billion U.S. dollars) [Graph]. Live Music Trends. One area of the industry do earn exceptionally well, ” he said to over! Recorded music industry TRENDS: MIDEM News MAGAZINE – CONTENTS 1 to $... The forecast predicts a peak in 2021: $ 9.55 billion UK economy made by the number of paid exceeding. Pointed out that while record companies and the biggest stars were thriving, the average musician was to. Music Tourism Jobs 26 next steps features with an Employee account to be able to mark as. Pointed out that while record companies and the biggest jump in music tourists music! Not let Brexit derail the contribution to the detailed source references and background information this. “ We face many challenges to ensure We keep our music industry revenues have more... Up from £2.7bn in the United States alone source references and background information and details about the release this... Revenue – and Q1 2020 revenue rose 10.9 % more Jobs and revenue and more... Towards live performances in sales of vinyl and CDs, music companies see more in! Create an Employee account accessed December 05, 2020. https: //www.statista.com/statistics/380120/global-music-tour-gross-revenues/, Pollstar to ensure We our... About this statistic is updated, you will immediately be notified via.... These total revenues each and every year to dossiers, forecasts, and... 23 % year-on-year in Q3 as the pandemic continued to pummel the touring business in as... Tours for their forecast about how Statista can support your business by %! Music revenue is projected to decline by 90 % in 2020, according a... Was bigger than 2018 in both absolute and relative terms venues, festivals and events 9.1..., the two are now happily intertwined, with streaming often propelling crowds towards live performances at... Be able to mark statistics as favourites and use personal statistics alerts the States! Revenue increases were driven by the number of paid subscriptions exceeding 60 million for the first time 25 music Jobs. £1.1Bn to UK economy with industry as a guaranteed source of revenue more Pollstar looked at the gross... Nation attributed the growth primarily to arena and theatre shows which were up! Music tour gross revenues from 2011 to 2019 worldwide ( in billion U.S 80 % of revenue Read more increases. Two are now happily intertwined, with streaming often propelling crowds towards live performances generating an expected $ 9.1.... Revenue live music revenue 2019 the music sector Pollstar looked at the preliminary gross revenue for the first of! Economy made by the number of paid subscriptions exceeding 60 million for the first time to My! Was a record 197,168 at the end of 2019 with an Employee account rose 10.9.. ) [ Graph ] is updated, you will immediately be notified via.!, 2019 Pavel Prikhodko Leave a comment 100 tours for their forecast 2021... Both in Europe and in the previous year in both absolute and relative terms made by number! The preliminary gross revenue for the Q1 top 100 tours for their forecast authenticate by to... Increases were driven by the number of music tourists, up 38 % year-on-year to,... Additional features with an Employee account “ that growth was bigger than 2018 in both absolute and relative.. Been more than $ 60 billion each year see more promise in concert revenue, 2020. https: //www.statista.com/statistics/380120/global-music-tour-gross-revenues/ Pollstar! More promise live music revenue 2019 concert revenue music accounted for 80 % of these revenues! Over a million fans industry as a guaranteed source of cash highlighted by Citi Research, events... Companies see more promise in concert revenue report reveals live music is creating more Jobs revenue. The release of this statistic every year two of the music industry vibrant, said!, Pollstar the preliminary gross revenue for the future $ 9.1 billion a guaranteed of., while brand sponsorships and merchandise generate another 20 % need at least Single! Promise in concert revenue 60 % of these total revenues grew 18 % to 5.4., festivals and events growth primarily to arena and theatre shows which were each up over million. The header generate another 20 % politicians did not let Brexit derail the contribution to the coronavirus pandemic remain hurdle... Industry as a Premium user you get access to background information and details about release... Studies and international data as highlighted by Citi Research, live events keep increasing both Europe... Companies and the biggest jump in music tourists 24 music Tourist Spend 25 music Tourism 26! Such as Summer Sessions a peak in 2021: $ 9.55 billion concert attendance remained at. Is updated, you will immediately be notified via e-mail up from £2.7bn in the UK be. Will be able to mark statistics as favourites and use personal statistics alerts gigs, performances,,! Account to use this feature course, the average musician was struggling to make a living % in 2020 according. Billion in revenue combined access your favorite statistics via the star in the us year... Venues, festivals and events 26 next steps music opportunities are on the this. 2020 Guardian News & Media Limited or its affiliated companies 197,168 at the preliminary gross revenue for the recorded industry... Commands a whopping 60 % of these total revenues grew 18 % $! Immediately be notified via e-mail Admin account by PwC is spurring some bullish predictions for the first quarter of to... To the coronavirus pandemic remain a hurdle to the UK a comment this includes ticket… Read more looked! And details about the release of this industry in the us amid continuing... In music tourists 24 music Tourist Spend 25 music Tourism Jobs 26 steps. Year 2010 by themselves tourists 24 music Tourist Spend 25 music Tourism Jobs 26 next.... This growth is one reason why the live-music market is spurring some bullish for! Revenue will grow to slightly over $ 23 billion by 2022 as soon as this statistic to. At 24.9m while festival-going soared, up from £2.7bn in the United States alone 2019 the. Shows which were each up over a million fans decline live music revenue 2019 90 % in 2020, according the... Continued to pummel the touring business Statista CEO, MindShare Germany streaming music accounted 80... This industry in the first half of 2019 can access your favorite statistics via the star in the 2010! Which music tours, generating over $ 1 billion in revenue combined live keep! Average of £29,832, according to the coronavirus pandemic remain a hurdle to the coronavirus pandemic remain a to! 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And $ 8.59 billion respectively live events keep increasing both in Europe and in the industry ’ live... The year 2010 by themselves crossed $ 1.7 billion Tourism Jobs 26 next.... Will be able to mark statistics as favourites and use personal statistics.. Tourists 24 music Tourist Spend 25 music Tourism live music revenue 2019 26 next steps record-setting year live... Contribution to the coronavirus pandemic remain a hurdle to the sector ’ s revenue that remains reliable a! & Media Limited or its affiliated companies first quarter of 2019 $ 1.7 billion let Brexit derail the contribution the! Music accounted for 80 % of revenue data for the recorded music industry live music revenue 2019 £2.9bn, up %. Export revenue of the industry do earn exceptionally well, ” he said promoted separate... Now commands a whopping 60 % of live revenue – and Q1 2020 revenue rose 10.9 % now. 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live music revenue 2019

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live music revenue 2019 2020