Global live music ticket sales to top $25bn

Live music will continue its more than decade-long boom through 2023, though a streaming-reinvigorated recorded sector is nipping at its heels, finds PwC's Outlook 2019

News By | 23 September 2019

Ed Sheeran's + – = ÷ x stadium tour went on sale last Saturday
Ed Sheeran's ÷ became the highest-grossing concert tour ever in August © Ed Sheeran (@teddysphotos)/Instagram

The value of ticket sales for live music events will exceed US$25 billion for the first time in 2023 – with total industry revenues set to reach a record $31.5m the same year, reveal the latest PricewaterhouseCoopers (PwC) figures.

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.

Overall…

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