Wednesday, December 31, 2008

Concert Industry Bucks Recession - WSJ.com

The concert industry has so far bucked the recession, according to year-end data from trade magazine Pollstar, but promoters are bracing for a bumpy 2009.

Box-office receipts from North American concerts through December were $4.2 billion, up 7.8% from 2007. But the total number of tickets sold for the 100 top-grossing shows fell 3%, to 35.6 million, the second consecutive year of declines. The growth in revenue was the result of rising ticket prices. The average ticket to one of the 100 top-grossing shows cost $66.90, up $4.83, or 8%, from 2007 and more than double the average price in 1998.

That could spell trouble in 2009.
Concert Industry Bucks Recession - WSJ.com
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