", IQ Magazine, Live music industry revenue worldwide from 2014 to 2024, by source (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1096409/live-music-industry-revenue-worldwide-by-source/ (last visited December 05, 2020), Live music industry revenue worldwide from 2014 to 2024, by source, Global live music industry revenue by source 2014-2024, Music industry gross value added (GVA) in the United Kingdom in 2018, by sector, Music industry export value in the United Kingdom (UK) 2018, by sector, Music industry employment in the United Kingdom (UK) 2018, by sector, Number of music tourists in the United Kingdom (UK) 2016-2018, Live music event attendance in the United Kingdom (UK) 2015-2018, by tourist type, Live music tourist attendance in the United Kingdom (UK) 2018, by region, Spending generated by music tourism in the United Kingdom (UK) 2016-2018, Music tourist spending in the United Kingdom (UK) 2019, by region, Overseas music tourists: average spending in the United Kingdom (UK) 2011-2018, Full-time jobs sustained by music tourism in the United Kingdom (UK) 2016-2018, Music tourism jobs in the United Kingdom (UK) in 2019, by region, Largest UK indoor arenas 2020, by capacity, Number of live shows at event venues in the UK and Ireland 2018, by genre, Average attendance at live shows in the UK and Ireland 2018, by genre, Music companies most subsidized by Arts Council England 2018-2022, London music companies most subsidized by Arts Council England 2018-2022, Number of classical music concerts screened in cinemas in the UK 2007-2018, Number of popular music concerts screened in cinemas in the UK 2007-2018, Revenues from pop music concerts screened in cinemas in the UK 2013-2018, Glastonbury Festival in the UK: Ticket prices 2014-2020, Glastonbury Festival: tickets sell-out time 2011-2020, When festival-goers buy tickets in the United Kingdom (UK) 2019, Who festival-goers attend festivals with in the United Kingdom (UK) in 2019, Reasons for attending music festivals in the UK 2019, Most important UK festival initiatives 2019, Opinions on UK festival line-up diversity 2019, When audiences will return to live events after lockdown in the UK and Ireland 2020, Booking live events after COVID-19: refund reassurances UK and Ireland 2020, Safety measures at live events after COVID-19 lockdown in the UK and Ireland 2020, Preferred venue types for events after COVID-19 lockdown in the UK and Ireland 2020, Europe: Opinion on live music streams during the coronavirus lockdown in 2020, Global live music industry revenue 2014-2024, Most successful music tours in North America 2019, based on ticket sales, Live music industry: monthly turnover in Spain 2019, Streaming music revenue in the U.S. by source 2015-2020, Concert ticket sales revenue in Norway 2012-2018, Mexico: music revenue growth 2019, by format, Digital Market Outlook: digital music revenue in European countries 2020, Digital Market Outlook: digital music revenue in the UK 2017-2025, by format, Digital Market Outlook: digital music revenue change in the UK 2018-2025, by format, Digital Market Outlook: digital music revenue change in the UK 2018-2025, Opinions on live music attendance during the coronavirus outbreak in Italy 2020, Value of live music exports from Finland 2013-2018, Turnover of the live music industry in Spain 2005-2019, Revenue breakdown of live music in Finland 2018, Ticket sales revenues per concert in Norway 2016-2018, Leading live music markets in Europe 2018-2023, Revenue from live music in Finland 2011-2018, Forecast live music concert revenue in Spain 2014-2023, Brazil: digital music revenue 2018, by format, Size of the live music market Australia from 2014-2023, Music industry in the United Kingdom (UK), Live music industry revenue worldwide from 2014 to 2024, by source (in billion U.S. dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. }, 7  +   =  8 .hide-if-no-js { “Pollstar can also forecast the live industry would lose up to $8.9 billion of revenue if the rest of 2020 were to remain dark.”, "My Whole Source of Income Just Disappeared" — How Two Musicians Are Dealing With Cancelled Concerts, How to Make It In the Music Industry — Two Behind-the-Scenes Professionals Break It Down, Songtradr Acquires Sync Licensing Company Cuesongs, Music in Advertising: Here’s How Industry Pros Select Songs for Placement, Sync Licensing: It’s Much Bigger Than TV, Film, and Commercials, Artist Image Is Everything — Here’s How to Build Yours on a Budget, This Is the Real Difference Between Rap and Hip Hop, How to Game the Billboard Charts (And Why You Shouldn't) — Our Latest Podcast, Meet the Artist Who Is Literally Saving His Fans’ Lives — Our Latest Podcast, How to Protect Yourself From the Copyright Trolls — Our Latest Podcast, Stop Chasing Playlists and Start Building a Music Career — Our Latest Podcast, Are Hit Songs Under Attack? At the end of 2017, live-industry trade-media platform Pollstar calculated that the 100 biggest concert tours that year collectively grossed $5.65bn in … Dollars). While individual market estimates vary, financial research sources as a whole point to continued strong consumer interest in concerts and live music experiences in the years to come. Directly accessible data for 170 industries from 50 countries Data for 2014 comes from previous reports. facts. The report estimates that if touring begins re-opening in late May, only $2.3 billion in losses will occur. 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). Overall, the industry had a 34% growth in total streaming revenue. Current forecasts anticipate a revenue fall for the live music industry of ~90 percent in 2020, a number that will only recover once the global borders are opened to touring acts. This feature is limited to our corporate solutions. According to the calculation, the live concert industry’s total revenue will reach $31 billion in four years. Profit from additional features by authenticating your Admin account. 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 Please authenticate by going to "My account" → "Administration". Takeaway:Musicians have always made a majority of their money from touring. (Aspray 2008, 451-453) 2 The Live Music Business Dating back to ancient times, live performance was the original source of a musicians income. (September 10, 2020). Additionally, in 2019, the music industry posted a 32.9% growth in paid streaming revenue. “Over 23 million Australians attended live events with over $1.88 billion generated through ticket sales,” says its chief executive, Evelyn Richardson. 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.In 2013, sales of live music tickets amounted to $6.88 billion. Register in seconds and access exclusive features. As a Premium user you get access to the detailed source references and background information about this statistic. The global recorded music industry’s streaming revenue has grown steadily from $1 billion in 2012 to $8.9 billion in 2018. Figures have been rounded. Pollstar looked at the preliminary gross revenue for … 3.The average ticket price in 2012 was $85.93, or $20 more than it was just three years before. You only have access to basic statistics. Ticket … An increase of 9.7% compared to 2017. “Pollstar can also forecast the live industry would lose up to $8.9 billion of revenue if the rest of 2020 were to remain dark.”, “Estimating what might have been lost obviously depends on when the business rebounds, but if the rest of the year is dark – which is a worst-case scenario and certainly not expected – the potential $12.2 billion yearly worldwide estimate minus the grosses from all the shows completed before cancellations and postponements places potential losses for the remainder of the year right at $8.9 billion.”. But growth in streaming is slowing down, leading to … As a result, revenue estimations vary between the different sources. Concert & Event Promotion in the US industry outlook (2020-2025) poll Average industry growth 2020-2025: x.x lock Purchase this report or a membership to unlock the average company profit margin for this industry. What a Top Music Industry Attorney Thinks About the Rise In Copyright Trolling — Our Latest Podcast, ‘Bone Conduction’ Headphones Don’t Go Over Your Ears — But Still Transmit Sound to Your Inner Cochlea. "Live music industry revenue worldwide from 2014 to 2024, by source (in billion U.S. The music industry’s digital revenues (including streaming) grew by … Global music industry revenues totaled roughly $15 billion in 2015, while the live music equivalent totaled nearly double, at $29 billion. Music industry In 2018, global recorded music revenues totalled $19.1 billion. Corporate solution including all features. Please contact us to get started with full access to dossiers, forecasts, studies and international data. While this segment of the music industry has traditionally been significantly smaller Statista. The live music business is a significant multinational industry, employing hundreds of thousands of people worldwide and estimated to be worth more than €25 billion annually (source: IFPI). Live music revenues to top $30bn for first time The global live music industry will continue to grow steadily over the next four years, with music streaming and esports also booming, according to the latest PwC Outlook By Jon Chapple on 26 Oct 2018 U2’s Live Nation-promoted Joshua Tree 2017 tour was last year's most successful, grossing $316m control the industry reaping the majority of the benefits. You can only download this statistic as a Premium user. September 10, 2020. "Live Music Industry Revenue Worldwide from 2014 to 2024, by Source (in Billion U.S. While live music remains the largest single driver of industry revenue (as it has since the mid-to-late 2000s, when demand for physical product fell away), the rejuvenated recorded music sector is snapping at live’s heels, with global recorded music revenues reaching $26.7bn last year, according to PwC’s analysts, who note: “Digital music-streaming revenues, which grew 28.8% in 2018, were the … You need a Single Account for unlimited access. 2019 was a record-setting year for live revenue – and Q1 2020 revenue rose 10.9%. Live music industry to face 90% drop in revenue, report finds. }. 1. While massive cancellations like Ultra Miami and SXSW make headlines, local live scenes are affected too. We are seeing exciting new artists like Sam Fender, Dave and Little Simz achieve great success and the figures in this report are testament to the outstanding creativity of our world-leading artists. Several coronavirus relief funds are now accepting donations to help those impacted by the pandemic. *Forecast. Ticket sales will make up $24 billion of that total. Pollstar looked at the preliminary gross revenue for the Q1 Top 100 Tours for their forecast. The research, conducted on behalf of Live, the umbrella group representing the live music industry, estimates that 64% of the sector’s 262,000 workers will be out of a job by Christmas. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. Then you can access your favorite statistics via the star in the header. The latest RIAA music industry revenue numbers show continued growth and continued dominance of interactive streaming. As a Premium user you get access to background information and details about the release of this statistic. Concert and festival attendance in the United Kingdom (UK) 2012-2018, Number of musicians in the United Kingdom (UK) 2011-2020, Live music attendance in the United Kingdom (UK) 2011-2018. Now That the Music Modernization Act Has Passed, Who’s Gonna Run the Damn Thing? and over 1 Mio. Retail sales in every sector of the music industry are declining except for online streaming music and live music. Live music industry revenue worldwide from 2014 to 2024, by source (in billion U.S. dollars) [Graph]. Click here to read more. A paid subscription is required for full access. According to a new industry report, global recorded music revenues jumped 9.7 percent in 2018 to reach $19.1 billion — up […] Streaming accounted for nearly half of music revenues … Indie musicians who rely on performing in places that are now shut down are struggling to survive. Ashley relocated to the Oregon Coast to pursue a career in technology. +  7  =  eight .hide-if-no-js { Learn more about how Statista can support your business. Live Nation and AEG, the dominant promoters in the industry, have already canceled or postponed all current tours. As soon as this statistic is updated, you will immediately be notified via e-mail. Update, Insights into the world's most important technology markets, Advertising & Media Outlook In, IQ Magazine. In 2018, PricewaterhouseCoopers’ Global Entertainment and Media Outlook 2018-2022 report predicted that the live concert industry’s total revenue will hit $31 billion by 2022, with $24 billion of that coming from … 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.
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