According to a 2020 study exploring the global music industry, worldwide live music sponsorship revenues will amount to 6.28 billion U.S. dollars in 2024. The projected figure for 2020 was 2.1 billion U.S. dollars, with ticket sales for that year estimated at around eight billion. The effects of the coronavirus pandemic on the live music industry have been extremely detrimental to revenue generation, affecting artists, venues, and events companies alike. Whilst it is anticipated that live will begin to recover in 2021, naturally this depends on the amount of venues able to reopen, the size of those venues, and the number of events allowed to take place.
Live music industry revenue worldwide from 2014 to 2024, by source
(in billion U.S. dollars)
Characteristic
Live music sponsorship
Live music ticket sales
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IQ Magazine. (September 10, 2020). Live music industry revenue worldwide from 2014 to 2024, by source (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/1096409/live-music-industry-revenue-worldwide-by-source/
IQ Magazine. "Live music industry revenue worldwide from 2014 to 2024, by source (in billion U.S. dollars)." Chart. September 10, 2020. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/1096409/live-music-industry-revenue-worldwide-by-source/
IQ Magazine. (2020). Live music industry revenue worldwide from 2014 to 2024, by source (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/1096409/live-music-industry-revenue-worldwide-by-source/
IQ Magazine. "Live Music Industry Revenue Worldwide from 2014 to 2024, by Source (in Billion U.S. Dollars)." Statista, Statista Inc., 10 Sep 2020, https://www.statista.com/statistics/1096409/live-music-industry-revenue-worldwide-by-source/
IQ Magazine, Live music industry revenue worldwide from 2014 to 2024, by source (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1096409/live-music-industry-revenue-worldwide-by-source/ (last visited September 01, 2024)
Live music industry revenue worldwide from 2014 to 2024, by source (in billion U.S. dollars) [Graph], IQ Magazine, September 10, 2020. [Online]. Available: https://www.statista.com/statistics/1096409/live-music-industry-revenue-worldwide-by-source/