Reports Music

Live Entertainment Measuring Music's Place

Report by Mark Mulligan

24 Feb 2017

20,000 Foot View: The live music industry has always had a slightly incongruous relationship with its recorded music industry cousin. Often having to tolerate the record labels’ business being called ‘the music industry’ and equally often, finding itself at the focus of consumer discontent over ticketing practices. None of which though, detracts from the fact that the live business is now the music industry’s senior partner, accounting for the majority of the revenue and growing at the labels’ expense. However, the outlook for live is far from pristine. Ticket price inflation is pushing market demand to its limit and may even be hindering the potential of the market, falling behind other forms of live entertainment.

Key XXX of consumers across the UK, Germany and Australia go to small gigs at least monthly

Smaller venue concerts have an average ticket price of XXX compared to XXX for large venue XXX of consumers go to the cinema every week, compared to XXX that go to small gigs and XXX big gigs

Cinema has the highest average number of annual visits per person XXX but the second lowest average annual spend XXX of all live entertainment

Large venue concerts cost XXX per hour compared to XXX for theatre and XXX musicals

Small venue gigs deliver more than XXX times the value for money per minute than large gigs, costing XXX per hour

Music concerts account for XXX of all consumer live entertainment spend while cinema accounts for XXX and musicals and theatre combined represent XXX music fans are album loyalists but favour streaming over radio for discovery

In XXX years stadium acts may be scarce due to streaming today focusing on tracks over artists and albums

Companies and brands mentioned in this report: eBay, GetMeIn, Seatwave, StubHub, Spotify, Ticketmaster

Live Entertainment Measuring Music's Place

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