$31 billion is how much the live music industry is projected to be worth by 2022, representing a compound annual growth rate (CAGR) of 3.3%, according to a newly published research paper from Pricewaterhouse Coopers (PwC). Then you will be able to mark statistics as favourites and use personal statistics alerts. Advertising spending in the U.S. 2015-2022, Profit from additional features with an Employee Account. Music business revenues are breaking records according to the latest figures from industry body the PRS/MCPS, while Spotify has smashed through the 100 million paying subscribers mark. Pollstar looked at the preliminary gross revenue for … Directly accessible data for 170 industries from 50 countries New, Figures and insights about the advertising and media world, Industry Outlook Ticket sales will make up $24 billion of that total. Takeaway:Musicians have always made a majority of their money from touring. 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. This statistic is not included in your account. Music industry In 2018, global recorded music revenues totalled $19.1 billion. }. While this segment of the music industry has traditionally been significantly smaller dollars)." Ticket … Please contact us to get started with full access to dossiers, forecasts, studies and international data. You need at least a Single Account to use this feature. display: none !important; On the first step, agents and tour promoters find and sign the performer. As a result, revenue estimations vary between the different sources. 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 … It might be a bit of a grind to get out on the road and do a show or two every day, but there is no better way to really get exposure for an artist’s music. 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. September 10, 2020. Published by Amy Watson, Nov 13, 2020 According to a 2020 study exploring the global music industry, worldwide live music sponsorship revenues will amount to 6.28 billion U.S. dollars in … (Aspray 2008, 451-453) 2 The Live Music Business Dating back to ancient times, live performance was the original source of a musicians income. control the industry reaping the majority of the benefits. 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. Audiences have new ways of connecting to music, and artists have new ways of connecting with their audience. Live music industry revenue worldwide from 2014 to 2024, by source (in billion U.S. dollars) [Graph]. A paid subscription is required for full access. Statista. While massive cancellations like Ultra Miami and SXSW make headlines, local live scenes are affected too. "Live Music Industry Revenue Worldwide from 2014 to 2024, by Source (in Billion U.S. Ticket sales were also up 4.5% heading into the pandemic. ", 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. Please authenticate by going to "My account" → "Administration". The latest RIAA music industry revenue numbers show continued growth and continued dominance of interactive streaming. Are you interested in testing our corporate solutions? You only have access to basic statistics. Music Industry News, Jobs & Charts. As a Premium user you get access to the detailed source references and background information about this statistic. But growth in streaming is slowing down, leading to … Now That the Music Modernization Act Has Passed, Who’s Gonna Run the Damn Thing? Based on Q1 growth and ticket sales, Pollstar extrapolated the losses the global live industry faces. Taylor Swift is just one artist who famously removed her music from streaming sites because she claimed streaming services were hurting the industry. Several coronavirus relief funds are now accepting donations to help those impacted by the pandemic. Data for 2014 comes from previous reports. +  7  =  eight .hide-if-no-js { Click here to read more. 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 … 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 … Then you can access your favorite statistics via the star in the header. 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.”. 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. Dollars). Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. 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Live music industry to face 90% drop in revenue, report finds. “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? Figures have been rounded. New, Everything you need to know about the industry development, Find studies from all around the internet. 2. Streaming has provided some compensation for the music market amid COVID-19, and it is now the largest driver of industry revenues. You need a Single Account for unlimited access. A stark report on what the global live industry could have been in 2020 reveals some staggering math. “Over 23 million Australians attended live events with over $1.88 billion generated through ticket sales,” says its chief executive, Evelyn Richardson. According to the calculation, the live concert industry’s total revenue will reach $31 billion in four years. Live music has collapsed, but streaming could save the industry, says Goldman Sachs A new report forecasts that the music industry will see a 75% plunge in live music revenue in 2020, due to COVID-19. "Live music industry revenue worldwide from 2014 to 2024, by source (in billion U.S. Please create an employee account to be able to mark statistics as favorites. As a Premium user you get access to background information and details about the release of this statistic. By mid-March, the coronavirus pandemic had effectively put the multibillion-dollar concert industry on indefinite pause and brought cataclysmic knock-on effects into the rest of the music … display: none !important; IQ Magazine. Total ticket revenues from the live music industry topped $3 billion. Here’s a Detailed Breakdown of Radio Monitoring Companies, An Insanely Detailed Discussion About the Music Modernization Act, Steven Van Zandt: ‘Streaming Is a Disaster for Artists. In, IQ Magazine. The report estimates that if touring begins re-opening in late May, only $2.3 billion in losses will occur. According to the calculation, the live concert industry’s total revenue will reach $31 billion in four years. }, 7  +   =  8 .hide-if-no-js { facts. Please do not hesitate to contact me. 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. 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. Global music industry revenues totaled roughly $15 billion in 2015, while the live music equivalent totaled nearly double, at $29 billion. 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 Corporate solution including all features. Ticket sales will make up $24 billion of that total. Ashley relocated to the Oregon Coast to pursue a career in technology. The business of music has changed. “Pollstar can project the year’s box office would have reached $12.2 billion had Q1’s percentage growth remained constant,” the report reads. This feature is limited to our corporate solutions. Chart. Agents and A&Rs look for different things in the artist, but the essence of scouting remains the same across the board — identify and sign the promising acts before anyone else … 3.The average ticket price in 2012 was $85.93, or $20 more than it was just three years before. 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 … Register in seconds and access exclusive features. Digital Music News ©2018 All Rights Reserved. Around 80% of live revenue comes directly from ticket sales, while brand sponsorships and merchandise generate another 20%. For some types of artists (like DJs, for example) touring can be relatively huge, while the recording revenues might stay almost non-existent. This process is not much different from the scouting of recording or publishing A&Rs, although the criteria might differ. 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 and over 1 Mio. Learn more about how Statista can support your business. The study, which was first reported by IQ Magazine, also projected that aggregate industry revenues are also set to reach a record high of $31.5m during the same time frame. Live Nation and AEG, the dominant promoters in the industry, have already canceled or postponed all current tours. “Pollstar can project the year’s box office would have reached $12.2 billion had Q1’s percentage growth remained constant,” the, . Drawing primarily on Citi and PwC estimations, the total revenue of the live industry can be put at around $9,5 billion. Live music revenue is projected to decline by 90% in 2020, according to a new report by PwC. Retail sales in every sector of the music industry are declining except for online streaming music and live music. 1. display: none !important; 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). A stark report on what the global live industry could have been in 2020 reveals some staggering math. (September 10, 2020). 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. Additionally, in 2019, the music industry posted a 32.9% growth in paid streaming revenue. Rapper Casanova Arrested on Federal Racketeering, Drug, and Gun Possession Charges, Foals Keyboardist Says Bands Should Stop Touring to Save the Environment, Who Killed Selena? — Netflix Documentary Examines the Singer’s Tragic Death, Chance the Rapper Sued for $3 Million by Fired Former Manager, TikTok Gets Its Day In Court — Appeals Court Hearing Scheduled for December 14th, What Streaming Music Services Pay (Updated for 2020), Is Your Song Being Played on the Radio? Based on Q1 growth and ticket sales, Pollstar extrapolated the losses the global live industry faces. 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. }, −  three  =  four .hide-if-no-js { The global recorded music industry’s streaming revenue has grown steadily from $1 billion in 2012 to $8.9 billion in 2018. Accessed December 05, 2020. https://www.statista.com/statistics/1096409/live-music-industry-revenue-worldwide-by-source/, IQ Magazine. Indie musicians who rely on performing in places that are now shut down are struggling to survive. 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. 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. 2019 was a record-setting year for live revenue – and Q1 2020 revenue rose 10.9%. The Australian live performance sector had a record-breaking year in 2017, according to Live Performance Australia’s 2017 Ticket Attendance and Revenue Report, released this morning. report reveals the industry is worth an amazing £5.2 billion to the economy and the live music sector is breaking the £1 billion barrier. If the quarantines and shelter-in-place orders continue through summer, those losses rise to $5.2 billion – in missed ticket sales alone. A Disaster.’, RIP John Prine — Legendary Singer-Songwriter Loses His Battle With Coronavirus, Spotify Stock Downgraded by Raymond James as Quarantine Listening Shrinks, TikTok Is More Popular Than Instagram Among US Teens, Study Finds, BTS’s “Dynamite” Outsells the Top 50 Bestselling Songs in the US Combined, Taylor Swift’s Surprise Album Tops 1.3 Million Sales In 24 Hours.
2020 live music industry revenue