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 Scotland reported the biggest jump in music tourists, up 38% year-on-year to 1.1m, helped by new festivals such as Summer Sessions. In, Pollstar. introductions. Then you will be able to mark statistics as favourites and use personal statistics alerts. 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. Live Music - Australia’s live music guide for gigs, performances, concerts, venues, festivals and events. 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. 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. Update, Insights into the world's most important technology markets, Advertising & Media Outlook Please contact us to get started with full access to dossiers, forecasts, studies and international data. 2. The pandemic has wreaked havoc on Live Nation Entertainment’s revenues this year. 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 ^ 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. 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. 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 … 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 . According to a new study from Pricewaterhouse Coopers (PwC), the live concert industry will experience significant growth during the next few years. Dollars). Income from live concerts has arguably never been as important; performers generate around … 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 New, Figures and insights about the advertising and media world, Industry Outlook You can only download this statistic as a Premium user. This includes ticket… Read More 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. 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. Live music revenue just keeps exploding… In the US, live music revenue has been increasing year-on-year. It claimed that recorded music revenues grew by 11.4% to $21.5bn in 2019, with streaming up by 24% to $11.9bn. Please do not hesitate to contact me. We do too. Total revenues grew 18% to $5.4 billion at retail in the first half of 2019. Global promoters like Live Nation reported their revenue in the first quarter of 2019 to have crossed $1.7 billion. According to a new study from Pricewaterhouse Coopers (PwC), the live concert industry will experience significant growth during the next few years. 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. Live Nation revenue dived 95% year-on-year in Q3 as the pandemic continued to pummel the touring business. Live music revenue is projected to decline by 90% in 2020, according to a new report by PwC.. and over 1 Mio. You only have access to basic statistics. Accessed December 05, 2020. https://www.statista.com/statistics/380120/global-music-tour-gross-revenues/, Pollstar. Statista. Directly accessible data for 170 industries from 50 countries 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. 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”. You need a Single Account for unlimited access. 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. 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. 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. 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. 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. Report reveals live music is worth £1.1bn to Uk economy with industry as a whole put at £5.2bn. 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. Between 2014 and 2015, there was an increase in expenditure in the US by a … 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. 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. 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. Pollstar looked at the preliminary gross revenue for the Q1 Top 100 Tours for their forecast. 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 dollars)." ", 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. 35 contents. This includes ticket… Read More “A small proportion of creators in the industry do earn exceptionally well,” said UK Music. UK Music pointed out that while record companies and the biggest stars were thriving, the average musician was struggling to make a living. The bank U2 has two of the top 5 all-time grossing music tours, generating over $1 billion in revenue combined. Pollstar. 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 … Advertising spending in the U.S. 2015-2022, Profit from additional features with an Employee Account. facts. Please authenticate by going to "My account" → "Administration". 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. Are you interested in testing our corporate solutions? Live music promoter Live Nation promoted 21,000 separate events in the year 2010 by themselves. In 2018 and 2019, the forecast predicts revenues to reach $8.16 billion and $8.59 billion respectively. Streaming music revenue will grow to slightly over $23 billion by 2022. "Music Tour Gross Revenues from 2011 to 2019 Worldwide (in Billion U.S. New, Everything you need to know about the industry development, Find studies from all around the internet. 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. 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. 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. 2019 was a record-setting year for live revenue – and Q1 2020 revenue rose 10.9%. The revenue growth is being driven by a growing number of users willing to pay for music on demand. … As a Premium user you get access to background information and details about the release of this statistic. 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. Corporate solution including all features. © 2020 Guardian News & Media Limited or its affiliated companies. 2019 MUSIC INDUSTRY TRENDS: MIDEM NEWS MAGAZINE – CONTENTS 1. Want your gig featured on Live Music? Report reveals live music is worth £1.1bn to Uk economy with industry as a whole put at £5.2bn. Drawing primarily on Citi and PwC estimations, the total revenue of the live industry can be put at around $9,5 billion. Pavel Prikhodko, Ph.D. Machine Learning . “We face many challenges to ensure we keep our music industry vibrant,” he said. Employment in the UK music industry was a record 197,168 at the end of 2019. 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. “That growth was bigger than 2018 in both absolute and relative terms. However, restrictions on live music due to the coronavirus pandemic remain a hurdle to the sector’s recovery. live music is creating more jobs and revenue and attracting more tourists right across the UK. 4. 2019 was a record-setting year for live revenue – and Q1 2020 revenue rose 10.9%. As soon as this statistic is updated, you will immediately be notified via e-mail. 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. 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. 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. 22 Number of Music Tourists 24 Music Tourist Spend 25 Music Tourism Jobs 26 next steps. Is it live, or is it recorded? 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.”. 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 … 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 paid subscription is required for full access. “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. Live Nation attributed the growth primarily to arena and theatre shows which were each up over a million fans. By contrast, in 2019 the top 1% now commands a whopping 60% of revenue. 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. While not impacting the revenue structure directly, streaming has already revolutionized music consumption. Revenue increases were driven by the number of paid subscriptions exceeding 60 million for the first time. Revenue … February 17, 2019 Pavel Prikhodko Leave a comment. Live music has been about 33% of these total revenues each and every year. 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. 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. 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. Simply register and submit your event details and we'll Rt Hon Nicky Morgan 4 figures. “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. No sweat. Fans still value the unique experience of seeing their favorite artist in … Since 2006, worldwide music industry revenues have been more than $60 billion each year. 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. Live music ticket sales revenues will break the $9 billion mark in 2020, generating an expected $9.1 billion. 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. 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. Chart. Live Music Trends. 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. The total export revenue of the music industry was £2.9bn, up from £2.7bn in the previous year. 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. 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. Please create an employee account to be able to mark statistics as favorites. Interactive streaming, through services like YouTube, Spotify, Apple Music and Amazon Music Unlimited, is now dominating the industry even more than before. 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. 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. Register in seconds and access exclusive features. 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. The forecast predicts a peak in 2021: $9.55 billion. Pollstar looked at the preliminary gross revenue for the Q1 Top 100 Tours for their forecast. Revenue of the live music industry. More than 31,000 full time employees directly benefit from the work of this industry in the United States alone. Learn more about how Statista can support your business. All rights reserved. Revenue increases were driven by the number of paid subscriptions exceeding 60 million for the first time. As a Premium user you get access to the detailed source references and background information about this statistic. Amid a continuing downturn in sales of vinyl and CDs, music companies see more promise in concert revenue. 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. 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. Of course, the two are now happily intertwined, with streaming often propelling crowds towards live performances. 3. Music tour gross revenues from 2011 to 2019 worldwide (in billion U.S. dollars) [Graph]. (December 14, 2019). Live Music 21 music tourism. 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 … 32 acknowledgements. Christof Baron about Statista CEO, MindShare Germany Total concert attendance remained level at 24.9m while festival-going soared, up 23% year-on-year to 4.9m people. Streaming music accounted for 80% of industry here. Live music is the one area of the industry’s revenue that remains reliable as a guaranteed source of cash. Which music tours in North America are the most successful? Streaming made up 56 percent of … Musicians earned an average income of £23,059 in 2018, below the national average of £29,832, according to the Office for National Statistics. Then you can access your favorite statistics via the star in the header. Figures for 2015 to 2018 were restated in 2019. 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. Around 80% of live revenue comes directly from ticket sales, while brand sponsorships and merchandise generate another 20%. 28 methodology. The ideal entry-level account for individual users. 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. December 14, 2019. You need at least a Single Account to use this feature. Streaming music accounted for 80% of industry here. 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. The headline is that global recorded music revenues (so, not including publishing or live music) grew by 11.4% to $21.5bn. This statistic is not included in your account. This is the definitive source of revenue data for the recorded music industry in the United States.