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. identicon
    Lonnie E. Holder, 30 Dec 2008 @ 1:03pm

    Re: Re: . . .

    I think Matt has it right, sort of.

    Once upon a time, touring was for promotion of CD's. However, it seems to me that CD's make less and less money. However, artists, particularly big artists, make fortunes on touring. Indeed, if you look at the artists who make the most money in a year, they are also typically artists who tour regularly.

    There is a down side from this move from CD's to touring. These artists are making fewer CD's, if any. I am unsure of where this is going, but my current guess is that eventually there will be promo music that goes to the radio, and touring artists. Recorded music as a selling item, except for 99 cent downloads, may well eventually disappear, a victim of the digital age.

    Or, it may not. One of the problems with digital music is that MP3's may be convenient and easy to copy, but they do not have the quality of a CD, particularly when played on a good quality stereo. CD's may yet make a resurgence when people realize that MP3's are great when listening to Brittany Spears, but Pink Floyd, Bach and The Moody Blues require maximum fidelity and a real stereo with real bass speakers to be fully appreciated.

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