In, IQ Magazine. 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? Are you interested in testing our corporate solutions? 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. As a result, revenue estimations vary between the different sources. 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. display: none !important; New, Figures and insights about the advertising and media world, Industry Outlook The ideal entry-level account for individual users. Ticket sales were also up 4.5% heading into the pandemic. *Forecast. New, Everything you need to know about the industry development, Find studies from all around the internet. 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). As a Premium user you get access to background information and details about the release of this statistic. “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.”. 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. 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. (September 10, 2020). Live music industry revenue worldwide from 2014 to 2024, by source (in billion U.S. dollars) [Graph]. Ticket sales will make up $24 billion of that total. Update, Insights into the world's most important technology markets, Advertising & Media Outlook 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 … As a Premium user you get access to the detailed source references and background information about this statistic. Please contact us to get started with full access to dossiers, forecasts, studies and international data. — 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? Ticket … Additionally, in 2019, the music industry posted a 32.9% growth in paid streaming revenue. Then you can access your favorite statistics via the star in the header. 1. According to the calculation, the live concert industry’s total revenue will reach $31 billion in four years. Based on Q1 growth and ticket sales, Pollstar extrapolated the losses the global live industry faces. Retail sales in every sector of the music industry are declining except for online streaming music and live music. But growth in streaming is slowing down, leading to … Music Industry News, Jobs & Charts. The latest RIAA music industry revenue numbers show continued growth and continued dominance of interactive streaming. Music industry In 2018, global recorded music revenues totalled $19.1 billion. 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%. 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 Takeaway:Musicians have always made a majority of their money from touring. Accessed December 05, 2020. https://www.statista.com/statistics/1096409/live-music-industry-revenue-worldwide-by-source/, IQ Magazine. Corporate solution including all features. 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 … Audiences have new ways of connecting to music, and artists have new ways of connecting with their audience. “Pollstar can project the year’s box office would have reached $12.2 billion had Q1’s percentage growth remained constant,” the report reads. and over 1 Mio. Profit from additional features by authenticating your Admin account. “Pollstar can project the year’s box office would have reached $12.2 billion had Q1’s percentage growth remained constant,” the, . Total ticket revenues from the live music industry topped $3 billion. While massive cancellations like Ultra Miami and SXSW make headlines, local live scenes are affected too. 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. "Live music industry revenue worldwide from 2014 to 2024, by source (in billion U.S. "Live Music Industry Revenue Worldwide from 2014 to 2024, by Source (in Billion U.S. Pollstar looked at the preliminary gross revenue for … $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). 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. You need a Single Account for unlimited access. dollars)." 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. The global recorded music industry’s streaming revenue has grown steadily from $1 billion in 2012 to $8.9 billion in 2018. 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 … The business of music has changed. An increase of 9.7% compared to 2017. 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. As soon as this statistic is updated, you will immediately be notified via e-mail. 2. Overall, the industry had a 34% growth in total streaming revenue. Please do not hesitate to contact me. Live music industry to face 90% drop in revenue, report finds. ", 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. 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