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| UK Secondary Market Up 15% in 2009: TixDaq Data |
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A few calculations show the primary marketplace accounted for about £1.37 billion in 2009, or 95% of consumer spending on live music, while the secondary marketplace for live music totalled about £74 million. "The UK live music industry continues to exceed expectations, especially during an economic downturn. In a week when it was shown that recorded music revenues may be starting to turn a corner, it’s important to "follow the money" and appreciate the consumers insatiable appetite for live music, with more bands and more tickets than ever before. It’s fascinating to consider that events based industries such as live music have succeeded in growing their overall pie, whilst so much of the digital media debate is about cannibalisation." Further analysis shows that most of the gains are going to already established acts that play festivals and large venues. PRS revealed that 37% of spending went into arenas, 21% to mid-sized venues, 19% to festivals and 11% to stadiums. Only 11% of consumer spending was for events at clubs. So, arenas and stadiums took in just under half of all live spending. With the addition of mid-sized venues, it seems over 70% of the market consists of venues played by established artists. "This seems to be a UK phenomenon," Page said. "I don't think anywhere else in Europe has seen the same explosion in festivals." There are more than 670 events being held in the UK in 2010, according to efestivals.co.uk guide. PRS For Music put the boom down to promoters appealing to all types of music fan by offering a wider variety of events, with innovations including creches for families. But PRS also warned: In relation to 2010 the performance of the live sector could be impacted by the World Cup and fewer large stadium tours. Related Articles: Mojo Concerts and 'Black Market' Secondary Tickets - Hypocrisy Rules the Day
by Richard Kastelein
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set for May 19 at the Friuli stadium in Udine and there are no others scheduled in the country, despite some other venues showing up in the secondary market.
"We invite the public...
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Live music revenues in the UK were up an inflation beating four percent in 2009 according to 