Once Again, Concert Business Sets New Records
from the well,-look-at-that... dept
While people who keep thinking that the “recording industry” is actually the “music industry” keep insisting that the business is in serious trouble, plenty of evidence of the actual market suggests this is a great time to be in the “music business.” More musicians are making and distributing music than at any time in the past thanks to much cheaper means of production and distribution. And, as Rose M. Welch points out, the concert business continues to thrive, setting new records yet again. Last year we noted that 2007 was the best ever year for the live music business, and it appears that 2008 surpassed 2007 by 13%, even in the midst of one of the biggest economic downturns most of us have ever lived through. There is some concern about how the economy will impact 2009, but even if concerts decrease next year, it will be because of the overall economy, not because of any problem with “internet piracy,” which has actually done plenty to help drive larger audiences to concerts by increasing the fanbases of many musicians.