The concert industry is certainly having a better year in large part because of more realistic market expectations on all sides of the touring equation.
After a disastrous 2010,
The company reported about 14.4 million tickets sold through the first three quarters, which is down about 4 million tickets from a year ago. The biggest impact appears to be on its purchasing of riskier club-level shows, a fact reflected in the Club Venue chart which was the only one (other than Amphitheatres which Live Nation dominates) where total numbers were actually down from a year ago.
Overall promoter numbers were up about 1 percent despite Live Nation’s pullback.
Arena ticket sales were up about 4.3 percent to 21.4 million. Theatre-level ticket sales were also up about 3 percent to 10.3 million.
It has been a generally good year for large festival events and stadium shows.
The Stadiums and Festival Sites chart was up a huge 29 percent to 10.6 million tickets sold as concert fans around the globe recognized the bargain value of huge events.
Worldwide Ticket Sales