Posted by on 2024-02-27
With attendance, ticket sales, and sponsorship activity at or near all-time highs, concert attendance for 2023 as compared to 2022 is up 20% to over 145 million fans. This figure spans more than 50,000 events, with 50% more international acts in top 50 tours, plus there are 15% more touring shows on average too. Furthermore, revenue is up as spending on hospitality has achieved double-digit growth, with fan spending up across all major venue types – amphitheaters, festivals, clubs, and theaters. Of course ticket sales have experienced a gross transaction value (GTV) that is up 30% to nearly $36 billion. Live Nation says they are "the largest supporter of artists: Investment in artists up over 40% to over $13 billion. Promoting more artists at every level from clubs to stadiums, with nearly 7,000 touring artists in 40+ countries."