Live music promoter Live Nation promoted 21,000 separate events in the year 2010 by themselves. Total revenues grew 18% to $5.4 billion at retail in the first half of 2019. 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. Is it live, or is it recorded? Live Music 21 music tourism. 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. 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. By contrast, in 2019 the top 1% now commands a whopping 60% of revenue. 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. “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. In 2018 and 2019, the forecast predicts revenues to reach $8.16 billion and $8.59 billion respectively. Around 80% of live revenue comes directly from ticket sales, while brand sponsorships and merchandise generate another 20%. Update, Insights into the world's most important technology markets, Advertising & Media Outlook 35 contents. Streaming music revenue will grow to slightly over $23 billion by 2022. 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. However, restrictions on live music due to the coronavirus pandemic remain a hurdle to the sector’s recovery. Since 2006, worldwide music industry revenues have been more than $60 billion each year. Musicians earned an average income of £23,059 in 2018, below the national average of £29,832, according to the Office for National Statistics. 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. Want your gig featured on Live Music? 4. 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. New, Figures and insights about the advertising and media world, Industry Outlook 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. 22 Number of Music Tourists 24 Music Tourist Spend 25 Music Tourism Jobs 26 next steps. Please do not hesitate to contact me. 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. Dugher said it was crucial that politicians did not let Brexit derail the contribution to the UK economy made by the music sector. 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. 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 … 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 Are you interested in testing our corporate solutions? Then you can access your favorite statistics via the star in the header. It claimed that recorded music revenues grew by 11.4% to $21.5bn in 2019, with streaming up by 24% to $11.9bn. 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. Which music tours in North America are the most successful? 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). Live Music - Australia’s live music guide for gigs, performances, concerts, venues, festivals and events. Pavel Prikhodko, Ph.D. Machine Learning . Live music revenue just keeps exploding… In the US, live music revenue has been increasing year-on-year. 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 . 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. "Music tour gross revenues from 2011 to 2019 worldwide (in billion U.S. Fans still value the unique experience of seeing their favorite artist in … A paid subscription is required for full access. As a Premium user you get access to background information and details about the release of this statistic. 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 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. Streaming music accounted for 80% of industry here. “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. 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. 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. Drawing primarily on Citi and PwC estimations, the total revenue of the live industry can be put at around $9,5 billion. The forecast predicts a peak in 2021: $9.55 billion. 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. “We face many challenges to ensure we keep our music industry vibrant,” he said. Register in seconds and access exclusive features. 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. Figures for 2015 to 2018 were restated in 2019. 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. Report reveals live music is worth £1.1bn to Uk economy with industry as a whole put at £5.2bn. Chart. 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. 2019 was a record-setting year for live revenue – and Q1 2020 revenue rose 10.9%. This feature is limited to our corporate solutions. Streaming made up 56 percent of … According to a new study from Pricewaterhouse Coopers (PwC), the live concert industry will experience significant growth during the next few years. Global promoters like Live Nation reported their revenue in the first quarter of 2019 to have crossed $1.7 billion. Amid a continuing downturn in sales of vinyl and CDs, music companies see more promise in concert revenue. 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. December 14, 2019. 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 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. 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. February 17, 2019 Pavel Prikhodko Leave a comment. 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”. 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. 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 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. © 2020 Guardian News & Media Limited or its affiliated companies. 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 All rights reserved. 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. Please create an employee account to be able to mark statistics as favorites. Pollstar looked at the preliminary gross revenue for the Q1 Top 100 Tours for their forecast. 2019 was a record-setting year for live revenue – and Q1 2020 revenue rose 10.9%. Simply register and submit your event details and we'll Accessed December 05, 2020. https://www.statista.com/statistics/380120/global-music-tour-gross-revenues/, Pollstar. 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 … 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 … 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. Total revenues grew 18% to $5.4 billion at retail in the first half of 2019. ^ 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. 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. You can only download this statistic as a Premium user. Revenue increases were driven by the number of paid subscriptions exceeding 60 million for the first time. 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 As soon as this statistic is updated, you will immediately be notified via e-mail. Live music ticket sales revenues will break the $9 billion mark in 2020, generating an expected $9.1 billion. 2. Live Music Trends. 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. As highlighted by Citi Research, live events keep increasing both in Europe and in the US. Total concert attendance remained level at 24.9m while festival-going soared, up 23% year-on-year to 4.9m people. Live Nation revenue dived 95% year-on-year in Q3 as the pandemic continued to pummel the touring business. Directly accessible data for 170 industries from 50 countries According to a new study from Pricewaterhouse Coopers (PwC), the live concert industry will experience significant growth during the next few years. (December 14, 2019). Live Music Trends As highlighted by Citi Research, live events keep increasing both in Europe and in the US. facts. Profit from additional features by authenticating your Admin account. Learn more about how Statista can support your business. Revenue increases were driven by the number of paid subscriptions exceeding 60 million for the first time. "Music Tour Gross Revenues from 2011 to 2019 Worldwide (in Billion U.S. … 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 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 … No sweat. Then you will be able to mark statistics as favourites and use personal statistics alerts. WHERE BUSINESS HAPPENS. Rt Hon Nicky Morgan 4 figures. Advertising spending in the U.S. 2015-2022, Profit from additional features with an Employee Account. Live music has been about 33% of these total revenues each and every year. 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. You need at least a Single Account to use this feature. 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. Of course, the two are now happily intertwined, with streaming often propelling crowds towards live performances. 28 methodology. 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. 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 … Commands a whopping 60 % of live revenue – and Q1 2020 revenue rose %. Nation revenue dived 95 % year-on-year to 4.9m people Statista can support your business billion U.S. )! 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