Live Nation announced more than 2.2 million tickets sold during the concert week, generating a record number of tickets sold, surpassing the previous record held in 2019.
An annual celebration to herald the summer concert season, Concert Week offers access to $25 all-inclusive tickets to over 4,000 shows across North America. Record fan demand this year led to a record number of tickets sold, surpassing the previous record in 2019.
nation live reports that 26% of Concert Week shoppers purchased tickets to at least two participating shows. They also saw a more than 50% increase in full price ticket sales during concert week compared to the weeks leading up to it, showing a noticeable increase in demand for tickets to live shows.
“Live Nation’s record concert week sales show demand for live events is at an all-time high,” said Kelly Strickland, Senior Vice President of USA Concert Tour Marketing at Live Nation. . “We’ve seen that fans are willing to spend money to see the artists they love live rather than any other entertainment option.”
This year’s concert week started on May 4 and ran until May 10. Tickets included performances by artists such as Backstreet Boys, Halsey, HER, Imagine Dragons, John Legend, Machine Gun Kelly, OneRepublic, The Chicks, The Who, Wiz Khalifa & Logic, Wu-Tang Clan & Nas, among many more. ‘others.
“It’s wonderful to see fans reunited with the artists they love and new bands forging their future,” said Denis Desmond, Chairman of Live Nation UK and Ireland. Live Nation UK sets an equally record summer as nearly 6 million fans tune in to Live Nation-hosted shows across the UK. “It will be an unforgettable summer.”
Live Nation United Kingdom reports that 4 million people will attend an outdoor event, while 2 million will attend performances in indoor venues. Fans devoured performances from Kiss, Iron Maiden, 50 Cent, and more. Artists such as Harry Styles, Lady Gaga, The Eagles, The Red Hot Chili Peppers and Billie Eilish are touring the UK, giving hungry audiences more options than ever.
Indeed, revenue forecasts for the music industry are skyrocketing. Goldman Sachs recently increase its 2022 revenue estimate of $81.6 billion to $87.6 billion, an increase of $6 billion. As streaming subscriber growth slows, companies remain optimistic that the market sees no risk of plateauing.