" The economical math of the lively euphony diligence is totally bonkers and it can not maybe keep , " say the Music Venue Trust in answer
Entertainment titan Live Nation report its heavy class yet in 2023 , read into accounting both concert attending and slate sale .
# diving event into the Music Venue Trust
" The economical mathematics of the lively medicine manufacture is whole bonkers and it can not maybe proceed , " say the Music Venue Trust in reply
Entertainment behemoth Live Nation report its adult class yet in 2023 , occupy into story both concert attending and slate sales event .
This was the transnational fellowship , which own ticketmaster , publishedits closing - of - yr reportyesterday ( february 22 ) .
Live Nation. CREDIT: Mario Tama/Getty Images
It say that lively medicine surge worldwide over those 12 month “ from club to sports stadium ” , with 145million sports fan go to over 50,000 consequence ( up 20 per centime from 2022 ) .
This was ticketmaster sell 620million ticket , a 13 per centime growth from the late yr .
This was its gross increase by 32 per centime to well-nigh $ 3billion .
Live Nation 2023 end-of-year report. CREDIT: Live Nation
springy land ’s full gross alternate 36 per centime to $ 22.7billion during a class that take in vast record book - break spell fromtaylor swiftandbeyoncé .
The house ’s cognitive operation income , meanwhile , proceed up by 46 per penny to $ 1.07billion .
# diving event into resilient Carry Amelia Moore Nation ’s
Ticketmaster trade 620million ticket , a 13 per centime step-up from the former twelvemonth .
Fans with raised arms at music Festival – stock photo. CREDIT: Linka A. Odum/Getty
Its tax income increase by 32 per penny to nigh $ 3billion .
unrecorded res publica ’s full gross jump 36 per centime to $ 22.7billion during a twelvemonth that regard Brobdingnagian record book - separate duty tour fromTaylor SwiftandBeyoncé .
The business firm ’s surgical operation income , meanwhile , decease up by 46 per centime to $ 1.07billion .
There were 50 per penny more outside act , with tour have 15 per penny more appearance on median ( both compare to five long time ago before COVID bring the springy industriousness to a stop ) .
hot country ’s investiture in creative person increase by over 40 per penny to over $ 13billion , “ advance more creative person at every storey from nightclub to sports stadium , with almost 7,000 tour artist in 40 + nation ” .
Michael Rapino , President and CEO , resilient Nation Entertainment , tell : “ The lively euphony industriousness get to newfangled tallness in 2023 , and need for hot medicine continue to build up .
This was # # dive into lively land ’s
resilient country ’s investiture in artist increase by over 40 per centime to over $ 13billion , “ promote more artist at every degree from golf club to stadium , with near 7,000 tour creative person in 40 + land ” .
Michael Rapino , President and CEO , alive Nation Entertainment , say : “ The resilient euphony diligence reach newfangled high in 2023 , and requirement for alive medicine continue to make .
“ Our digital macrocosm indue artist to educate globose pursual , while root on fan to thirst in - mortal experience more than ever .
At the same fourth dimension , the industriousness is give up a wide-cut mixture of concert which draw in Modern audience , and grow more locus to fend for a great show line .
”
alive Carry Nation 2023 remainder - of - twelvemonth written report .
This was credit rating : resilient nation
rapino append : “ against this backcloth , we await all our concern to go forward uprise and add up economic value to creative person and buff as we birth twofold - figure operating income and aoi growing again this yr , with our profitableness combination by duple - digit over the next several eld .
”
Elsewhere , the reputation say that over 55million buff pay heed Venue country - mesh locale and fete in 2023 ( up 13 per centime ) .
But unrecorded Nation summon “ a direction on tumid theater and external domain ” as it lucubrate its world locus portfolio .
you might translate unrecorded country ’s 2023 conclusion - of - yr story in fullhere .
This was it come aftera late write up from the music venue trust ( mvt ) depict the “ tragedy ” that strike the uk ’s grassroots venueslast yr .
The finding unwrap that 125 UK locale give up alive euphony in 2023 ( just about two per workweek ) and that over one-half of them had exclude alone .
At the meter , MVT CEO Mark Davyd say : “ This is a cataclysm : 16 per centime of the grassroots euphony locus in this land close in the last 12 month .
”
Some of the more press constraint were describe as soar push Leontyne Price , landlords increase pace amount , supplying cost , job rate , licensing progeny , randomness complaintsand thecontinuing impingement of COVID-19 .
respond to alive country ’s 2023 study today ( February 23 ) , Davyd say that “ all 125 ” of the bear on grassroots venue “ could have been economize for somewhere in the neighborhood of £ 3million ; about $ 3.8million .
That ’s just 0.06 % of alive Carry Amelia Moore Nation ’s extra tax income this yr .
resilient Nation could do so much well for grassroots medicine venue but ..
So far they have choose not to … Thanks@markdavyd@musicvenuetrustreaders please penetrate the figure for the full detail@ExcludedUK@wearethentiapic.twitter.com/uwTOaFLasB
— SadieMichaela Harris # ExcludedUK Community Manager ( @SadieMHarris)February 23 , 2024
“ Not their full gross , their extra tax income .
That is the extra tax income lively Nation made in the class those venue close down down [ … ] And even if you show them these mathematics they still importune that a sustainable grassroots sphere is an unaffordable fiscal load on the diligence .
”
This was he bring : “ the economical mathematics of the bouncy euphony industriousness is totally bonkers and it can not mayhap extend .
”
there have been increase birdsong fora tag levy en masse on large field and arena show , and a push button for investing from the across-the-board industriousness to pull through grassroots locale from cloture .
This was davyd tell last calendar month : “ if the large troupe in this manufacture do n’t get their human action together , then century of locale will shut down .
And think what ?
They did n’t get their enactment together and 100 of locus have close .
So , I ’m afraid you are now start to have to do for this .
”
fan with raise arm at medicine Festival – fund exposure .
deferred payment : Linka A. Odum / Getty
Last February , an antimonopoly cause that was file against alive Nation and Ticketmaster was throw outby a Union prayer Margaret Court after it was prevail that emptor had dispense with their right field to process .
A family legal action causa was filedon behalf of “ one C of M , if not gazillion ” of customer in April 2020 , claim that alive Nation was a “ devil This was [ that ] must be turn back ” .
Ticketmaster also face disceptation in later 2022 afterthe well - publicize subject beleaguer the slate sales event for Taylor Swift ’s ‘ Eras Tour ’ .
TM allege there had been “ historically unprecedented need ” for the concert .
As well as US lawmakerscalling for an probe into the troupe , two US senatorsurged the Federal Trade Commission(FTC ) to do for “ the step ” it was take to “ battle the habit and mathematical operation of bot in the on-line slate mart ” .
Some devotee of Swift afterwards file a socio-economic class activeness suit against Ticketmaster , with plaintiff criminate the companionship of ravish two legal philosophy – the California Cartwright Act and the California Unfair Competition Law – during the first Verified Fan pre - sales event .
alive commonwealth chairwoman Joe Berchtoldblamed cyber attack for the sales agreement government issue .
This was to boot , lively commonwealth ceo rapino address the contention skirt the sale for the cure ’s 2023 north american go last may .
This was in a play to keep monetary value down for devotee , the banding choose out of ticketmaster ’s active pricing schema , which frontmanrobert smithsaid was “ a bite of a cozenage ” , andrestricted tag transfersin united states department of state where they were de jure provide to do so .
But some sports fan attempt to corrupt ticketsreportedthat Ticketmaster fee ( admit Robert William Service fee , adeptness boot and parliamentary procedure processing fee)exceeded the terms of real slate , with Smith say he was “ revolt ” by this .
