The Latest Live Music Industry Statistics Explained
In 2020, revenue from live music ticket sales around the world dropped to 9.7 billion U.S dollars from 28.2 billion in 2019.
The statistic indicates a significant decrease in revenue generated from live music ticket sales worldwide from 2019 to 2020. Specifically, the revenue dropped from 28.2 billion U.S dollars in 2019 to 9.7 billion U.S dollars in 2020. This represents a dramatic 65.2% decline within just one year. The sharp decrease is likely attributed to the impacts of the COVID-19 pandemic, which led to widespread event cancellations and restrictions on gatherings, severely affecting the live music industry. The substantial decline in revenue underscores the unprecedented challenges faced by the music industry during the global health crisis and highlights the industry’s vulnerability to external factors such as pandemics.
Around 45.6% of Americans attend live music events such as concerts or music festivals.
The statistic indicates that approximately 45.6% of the American population attend live music events, such as concerts or music festivals. This suggests that a significant portion of Americans actively engage in live music experiences, showcasing the cultural significance and popularity of such events in the country. Attending live music events can serve as a form of entertainment, social activity, and a way to connect with others through shared musical experiences. The statistic reflects the widespread appeal and enjoyment of live music among Americans, highlighting the importance of music as a cultural and social phenomenon in society.
In 2020, the UK’s music industry witnessed a 90% drop in live revenue due to the COVID-19 pandemic.
The statistic indicates that in 2020, the music industry in the United Kingdom experienced a significant decline in live revenue, with a staggering 90% drop attributed to the impact of the COVID-19 pandemic. This sharp decrease highlights the devastating effects of the pandemic on the live music sector, where restrictions on large gatherings and live events forced many venues to close their doors and concerts to be canceled or postponed. The substantial reduction in live revenue underscores the vulnerability of the music industry to external shocks such as public health crises and emphasizes the need for innovative strategies to adapt and recover in the face of unprecedented challenges.
According to Pollstar, the global concert industry lost nearly $9.7 billion in ticket sales in 2020.
The statistic “According to Pollstar, the global concert industry lost nearly $9.7 billion in ticket sales in 2020” highlights the substantial financial impact that the COVID-19 pandemic had on live music events worldwide. With restrictions on gatherings and widespread cancellations of concerts and festivals, the live music industry experienced a significant decline in revenue during the year. This statistic underscores the challenges faced by musicians, event organizers, venues, and related businesses as they navigated through the disruptions and uncertainties brought about by the pandemic. The loss of nearly $9.7 billion in ticket sales emphasizes the magnitude of the economic repercussions felt by the concert industry due to the unprecedented circumstances of 2020.
Over 12 billion U.S dollars was the revenue generated by live music ticket sales in the United States in 2019.
The statistic ‘Over 12 billion U.S. dollars was the revenue generated by live music ticket sales in the United States in 2019’ indicates that the live music industry in the United States experienced significant financial success during that year. This substantial revenue figure highlights the popularity and economic impact of live music events across the country. The large amount of revenue generated also suggests a strong demand for live music performances, as audiences were willing to spend a significant amount of money on tickets to attend concerts and other live music events. Overall, this statistic illustrates the cultural importance and financial significance of the live music industry in the United States in 2019.
There were only about 350,000 live music performances in 2020 due to pandemic, compared to the more than 1.1 million shows in 2019 globally.
The statistic highlights a significant decline in live music performances globally in 2020 compared to the previous year, mainly due to the COVID-19 pandemic. In 2019, over 1.1 million live music shows took place worldwide, but this number dropped dramatically to only about 350,000 in 2020. The pandemic forced governments to impose restrictions on large gatherings, including live music events, to control the virus’s spread, leading to widespread cancellations and postponements. The sharp decrease in live music performances in 2020 underscores the severe impact of the pandemic on the music industry, with implications for artists, venue owners, and fans alike.
In 2017, about 52% of live music attendees were women.
The statistic indicates that in 2017, approximately 52% of the audience members attending live music events were women. This means that more than half of the individuals present at these events were female, highlighting the significant presence and participation of women in the live music scene during that particular year. The statistic is important for understanding gender representation and involvement in the music industry, showcasing a relatively balanced gender distribution among concert-goers. This insight can be valuable for event organizers, artists, and marketers looking to better understand and cater to their audience demographics and preferences.
Coachella was the highest grossing music festival in 2019, generating over $114 million in revenue.
The statistic that Coachella was the highest grossing music festival in 2019, generating over $114 million in revenue, provides quantitative insight into the financial success of the festival compared to its peers in the same year. This information highlights the significant economic impact of Coachella, showcasing its ability to attract large audiences and generate substantial revenue through ticket sales, merchandise, food and beverage sales, sponsorships, and other revenue streams. The statistic underscores the festival’s popularity and success in the music industry and solidifies its position as a leading cultural event in terms of financial performance.
The spending of the live music audience is expected to reach $31 billion by 2023.
The statistic indicates that the total amount of money spent by live music audiences is projected to increase to $31 billion by the year 2023. This expected growth suggests a significant rise in consumer demand for live music experiences and indicates a potentially lucrative market for businesses operating within the live music industry. The increase in spending could be driven by various factors such as a growing interest in live events, higher disposable incomes among consumers, and an overall positive economic outlook. This statistic can serve as valuable information for stakeholders in the music industry, especially event organizers, artists, venues, and sponsors, as they can leverage this data to make strategic decisions and capitalize on the expected rise in spending by live music audiences.
Around 52% of music industry’s global revenue is from live music.
This statistic indicates that a significant portion, specifically around 52%, of the total global revenue generated by the music industry is derived from live music performances. Live music events such as concerts, tours, and festivals play a crucial role in the industry’s overall financial landscape, demonstrating the importance of live performance as a revenue-generating avenue for musicians, artists, promoters, and other stakeholders. This highlights the strong consumer demand for live music experiences and underscores the financial impact and significance of concerts and live performances within the music industry’s revenue stream.
26% of music consumers prefer to spend money on live music concerts.
The statistic that 26% of music consumers prefer to spend money on live music concerts indicates that a significant portion of the population prioritizes attending live music events over other forms of music consumption. This finding suggests that experiencing music in a live setting holds substantial value for a sizeable segment of music consumers. Insights like these can be valuable for the music industry in understanding consumer preferences and tailoring marketing strategies towards promoting live concerts to engage this particular group of consumers. Moreover, it highlights the enduring appeal and unique experience that live music events offer in the digital age of music consumption.
In 2018, the average price for a music concert ticket was around $96.17.
In 2018, the average price for a music concert ticket was approximately $96.17. This statistic represents the mean cost that concert-goers paid to attend music events during that year. The average price indicates the central tendency of ticket prices, providing a measure that summarizes the distribution of costs across all music concerts in 2018. It suggests that, on average, attendees spent around $96.17 per concert ticket, highlighting the general price level for live music experiences during that period. This information can be useful for both concert organizers and consumers in understanding the pricing dynamics of the music industry and making informed decisions regarding attendance and budgeting for future events.
About 75% of funds earned by artists come from touring and live shows.
This statistic indicates that the majority of income generated by artists, about 75%, is derived from touring and live performances as opposed to other sources such as music sales, streaming, or merchandise. It highlights the significance of live shows as a crucial revenue stream for artists, underscoring the importance of building a strong fanbase and delivering engaging performances to sustain their careers financially. The data suggests that artists who are able to effectively plan and execute successful tours are likely to benefit significantly in terms of their overall earnings and success within the music industry.
Pop music genre had the most crowd pulling concerts at 33.6% in 2019.
The statistic stating that the pop music genre had the most crowd-pulling concerts at 33.6% in 2019 indicates that a significant proportion of concerts that attracted large audiences that year belonged to the pop genre. This finding suggests that pop music was a popular choice among concert-goers and had a strong appeal across different demographics. The high percentage provides insight into the dominant position of pop music in the live music industry and highlights its ability to draw in large crowds compared to other music genres. This information can be valuable for event organizers, promoters, and artists looking to understand audience preferences and trends in the music industry.
The estimated total revenue loss due to the cancellation of live events because of COVID-19 is around $30 billion.
The statistic that the estimated total revenue loss due to the cancellation of live events amidst the COVID-19 pandemic is approximately $30 billion signifies the substantial economic impact of the crisis on the event industry. This figure reflects the combined financial losses incurred by event organizers, venues, suppliers, and stakeholders as a result of the necessary measures taken to prevent the spread of the virus. The cancellation of live events, such as concerts, conferences, and sporting events, has had a significant ripple effect on numerous businesses and individuals reliant on the event industry for income and opportunities. The $30 billion estimate demonstrates the severe economic consequences of the pandemic on this sector and underscores the urgent need for support and recovery efforts to assist those impacted by these unprecedented circumstances.
The average attendance at music concerts in North America was 8,751 in 2020.
The statistic “The average attendance at music concerts in North America was 8,751 in 2020” indicates that, across all music concerts held in North America in the year 2020, the mean number of attendees per concert was 8,751. This figure provides a snapshot of the typical concert audience size in the region during that time period. It suggests that, on average, concerts in North America attracted a considerable number of attendees, highlighting the popularity and significance of live music events in the region despite potential variations in attendance numbers among individual concerts.
In 2020, music concerts counted for 85% of the total revenues in the live events industry.
The statistic provided indicates that in the year 2020, music concerts were responsible for generating 85% of the total revenues in the live events industry. This implies that live music events had a significant impact on the financial performance of the industry, showcasing the popularity and profitability of music concerts compared to other types of live events. The high percentage suggests that music concerts were the primary driver of revenue within the live events sector, highlighting the importance of this particular segment in the industry’s economic landscape for that year.
Global ticket sales for concerts amounted to only 12.2 million in 2020, compared to almost 300 million in 2019.
The statistic reveals a significant decrease in global ticket sales for concerts from 2019 to 2020, with only 12.2 million tickets sold in 2020 as opposed to nearly 300 million tickets sold in 2019. This dramatic drop in ticket sales can be attributed to the impact of the COVID-19 pandemic, which led to widespread cancellations and restrictions on live events and gatherings. The drastic decrease in ticket sales reflects the challenges faced by the live entertainment industry as a result of the pandemic, highlighting the significant economic and social implications of the global health crisis on the music and entertainment sectors.
The state of California hosted the greatest number of live music events in the U.S. in 2019.
The statistic ‘The state of California hosted the greatest number of live music events in the U.S. in 2019’ indicates that, during the year 2019, California held more live music events than any other state in the United States. This suggests that California had a vibrant live music scene and was a popular destination for music performers and audiences alike. The statistic reflects the significance of California in the music industry and highlights its cultural influence and appeal as a hub for live music performances. Additionally, it could also demonstrate the state’s infrastructure and resources to support a large number of music events throughout the year.
The world’s top touring artist in 2019 was Pink, grossing over $215 million.
The statistic that Pink was the world’s top touring artist in 2019, grossing over $215 million, indicates that she was the highest-earning performer in terms of concert revenue for that year. This figure reflects the immense popularity and commercial success of Pink’s live performances, drawing large audiences and generating substantial income. It implies that her concerts were in high demand, likely due to her talent, stage presence, and strong fan base. This statistic underscores Pink’s status as a major player in the music industry and highlights the significant financial impact of her worldwide tours in 2019.
References
0. – https://www.www.nielsen.com
1. – https://www.consequence.net
2. – https://www.www.iq-mag.net
3. – https://www.www.pollstar.com
4. – https://www.www.billboard.com
5. – https://www.www.bbc.com
6. – https://www.www.statista.com
