The time series shows concert ticket sales revenue in North America from 1990 to 2014. In 2013, the revenue amounted to 5.1 billion U.S. dollars.
The concert industry in North America – additional information
Despite physical music sales declining (307427), the concert industry in North America remains healthy.
A ranking of the highest grossing music tour each year held in North America since 2000 reveals which artists had the largest audience draw each year. In the 14 years since 2000, the Irish rock band U2 have held the title for the highest grossing music tour three times in the years 2001, 2009 and 2011 which reflects not only the longevity of their career but also their popularity with fans. U2’s tour in 2011 was also the highest of the highest grossing tours in North America from 2000 to 2014 when it generated 156 million U.S. dollars.
The revenue generated by concerts and tours heavily relies on the number of tickets being sold. The high price of tickets can often act as a deterrent for consumers. From 2011, the average price for a music tour concert admission has been calculated. In 2011 and 2013, the average price was approximately 78 U.S. dollars, but this figure increased to 82.07 U.S. dollars in 2014.
Live music has always been popular. A chance to see some of the world’s biggest musicians in the flesh is often too big an opportunity for fans to miss. In a survey which took place in February 2014, over 1,000 adults in the U.S. were asked ‘Which band would you go back in time to see?’ The American rock band The Doors, fronted by Jim Morrison in the 1960s and 70s was the band that 13 percent of respondents chose. However, the most popular answer during the poll would see audiences travel in further in time to the 1950s as 22 percent wished to see Buddy Holly and the Crickets perform live.