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.
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Filed Under: concerts, music industry, recording industry

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  1. icon
    Jeffry Houser (profile), 30 Dec 2008 @ 8:23am

    Re: Re: . . .

    On CD Sales:
    An independent artist is not on a label and therefore a CD sale is all profit. They make $10 or $15 or whatever they can charge. They do have to pay the upfront cost of CD production. It is unlikely in this scenario that they'll sell 10 million copies, though.

    On your touring numbers:
    How many independent bands sell 1000 tickets a night?

    Of the two 1000 people+ venues in CT that book independent / original bands; the bands get paid based on ticket sales.

    At one venue; the band gets $1 dollar for every ticket after 50 of theirs that comes through the door. So, if they get 100 people through the door; make $50.

    With the other venue; the band has to buy 50 tickets @ $10 a piece to get booked. This is a pay to play contract. If the band can sell those tickets, they'll make the money back. IF they cal sell more tickets; they make even more money. Otherwise the show is a complete loss. The band with the least ticket sales plays first; and the band with the most ticket sales plays last.

    I'd love to see a source for your claim that bands split the ticket price with the venue.

    I suppose I will caveat this with the fact that I stopped being in a gigging band about four years ago. However I doubt things have changed in the past four years as much as you claim.

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