According to a report produced by the consulting firm Pricewaterhouse Coopers, which covered the Global Entertainment & Media Outlook for 2019-2023, live music ticket sales around the world will cross the 25 billion dollars mark by the end of this period. Another 6.5 billion dollars will be made via sponsorships.
“The live music sector had another strong year, as leading artists toured the globe. The ten highest-grossing global tours in 2018 each had ticket sales that exceeded 100 million dollars,” the report reads. A special note is given to Ed Sheeran’s world tour who became the highest-grossing tour of all time. Other tours noted are Taylor swift’s U.S. tour which grossed 345 million dollars and to Beyonce and Jay-Z joint tour which made 255 million dollars.
Legacy acts who bring revenues over the years are also noted. “As in previous years, veteran acts pulled in huge audiences too. Eagles had a 2018 gross of 166 million dollars, while Roger Waters, U2 and the Rolling Stones all performed well. Bruce Springsteen, Guns N’ Roses, and Phil Collins also brought in large totals on their respective world tours,” reads the report.
It also notes EDM artists such as Calvin Harris, The Chainsmokers and Tiesto for showing a major growth in revenues.
