Key Takeaways from a Record-Setting Year in Live Music

As the year draws to a close, the live music industry can take comfort in achieving record earnings for 2022. This is largely correlated with the sky, thanks to a post-pandemic boost from new festivals, global stadium tours, and astronomical box office returns. high ticket prices.

16 tours will surpass $100 million this year, according to Live Nation’s latest quarterly report, with concert tickets sold in the first three quarters of 2022 up 37% from the 2019 pre-pandemic benchmark Did. is already doing well, with a record-breaking total of $5.5 billion. According to Polestar’s year-end Top 200 Worldwide Tour chart, that number will increase dramatically in 2022, closing with a record total of $6.28 billion. While this increase may be related to a combination of factors, it is generally associated with increased demand for live music and best-selling artists such as Ross His Bukis and Swedish His House His Mafia. Boosted by a touring revival of legacy acts.

Unsurprisingly, the biggest tour story of the year is the boom in stadium engagement. In total, Pollstar’s list of top 100 stadiums has grossed over $2.68 billion this year. That’s more than an 81% increase from his $1.48 billion stadium in 2019.

Artists touring stadiums in 2022: The Weeknd, Coldplay, Daddy Yankee, Billy Joel, Red Hot Chili Peppers, Def Leppard & Motley Crue, Dua Lipa, Zak Brown, The Eagles, Daddy Yankee, Iron Maiden, Blackpink, Morgan Warren, Lumineers, Dead & Co., Garth Brooks, Lady Gaga and countless others.

However, two different artists led the pack. Bad Bunny and Elton John topped his charts on Polestar’s Worldwide Tour, while the Puerto Rican rap giant earned $393.3 million and John earned $274 million a year. I am making a profit. Bunny participated in his two different sized tours held in the same year. His first sold-out trek, “ElÚltimo Tour Del Mundo,” was his 36-day venture, starting in February 2022 in Denver and ending in Miami on April 3rd. The second half of 2022 was dominated by his ‘World’s Hottest Tour’. The tour hit stadiums across the United States beginning in August before heading to Latin America, where he hit the charts on November 16 at the end of the year with 1.3 million tickets and 269 million by the cutoff date. sold millions of dollars. .

John’s 65-day ‘Farewell Yellow Brick Road’ sits in second place after first going on tour over four years ago. Due to its length and popularity, John’s tour is likely to pit the British icon against another British favorite.

Sheeran will be competing this year to support his previous record on the “Mathematics” tour, a European stadium trek that has grossed $251 million this year and ranked No. 3 on Polestar’s charts. I traveled again. Throughout the year he sold 3,047,694 tickets at 28 venues at 63 shows, with an average of 48,376 tickets sold per show, with 3 million tickets sold.

Harry Styles’ “Love on Tour” ranked No. 4 in the Top 100 based on its box office success at a string of North American arenas that began last September. The stadium follows in his 2022, with the singer’s rescheduled 23-show European tour starting in June. By the end of July he had performed in 15 countries and sold over 638,000 tickets.

And who could forget the singer’s mini residency? Most notably, her 15-night streak of historic at New York’s Madison Square Garden. According to Pollstar, the run saw a total of 276,852 tickets sold for a record gross of $63 million. Styles performed another 12 nights at the Kia Forum in Los Angeles, selling over 200,000 tickets and leaving him with $38 million in sales.

The historic feat continues with the first year each of the Top 10 tours exceeded $100 million in total revenue and the Top 5 each exceeded $200 million. Inflation affects this. With rising ticket prices, his 59.2 million ticket sales in the world’s top 100 in 2022 surpassed his 2019 total of 57.7 million. On Pollstar’s North American Top 200 chart, ticket prices rose 19% from his $87.19 in 2019, and in 2022 he crossed his triple-digit barrier of $103.71.

And as 2022 draws to a close, it’s clear that 2023 will be another big year for the live music industry. Taylor Swift’s ‘Eras ​​Tour’ has already broken the internet with unprecedented, drama-filled Ticketmaster pre-order record numbers, and a stadium/arena trek from Beyoncé. A hint of possibility is ready for fans around the world. Ed Sheeran, Elton John, Harry Styles, Dead & Co. (the band’s last trek), The Weeknd, Def Leppard/Motley Crue, Billy Joel, Stevie Nicks and more.

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