About This Statistic
The statistic provides information on the live music industry revenue in the United States from 2012 to 2015, as well as a forecast for 2016 to 2021. According to the source, the revenue will grow from 9.28 billion U.S. dollars in 2015 to 11.99 billion in 2021. Of the revenue generated in 2016, over two billion U.S. dollars was generated in sponsorship and a further 7.4 billion U.S. dollars came in ticket sales. The industry is expected to grow further in the coming years as the compound annual growth rate for live music ticket sales is estimated at 5.23 percent between 2015 and 2020.