Table of Contents
Introduction
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- Definition
- Abbreviations
Executive Summary
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- Market fluctuates year to year with big acts but underlying trend is up
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- Figure 1: UK music concerts and festivals market, 2007-17
- Market factors
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- Figure 2: Trends in ever visiting* music concerts, by type, 2010 and 2011
- Companies, brands and innovation
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- Figure 3: Leading live music promoters and venue operators, by turnover, June 2012
- The consumer
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- Figure 4: Number of music concerts attended in past 12 months, June 2012
- Figure 5: Number of music festivals attended in past 12 months, June 2012
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- Figure 6: Types of music concerts attended in past 12 months, June 2012
- Figure 7: Consumer attitudes and behaviour relating to music concerts and festivals, June 2012
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- Figure 8: Attitudes towards potential improvements and innovations to music concerts and festivals, June 2012
- What we think
Issues in the Market
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- How can technology be used to maximise yield?
- How can venues seek to maximise secondary spend?
- How can promoters maximise other revenue from live performances?
- How can live music compete effectively with live comedy and sport?
- How can promoter/fan engagement be improved?
Trend Application
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- Trend: Influentials
- Trend: Collective Intelligence
- 2015 Inspire Prediction: Access, Anything, Anywhere
Internal Market Environment
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- Key points
- Classical and jazz lose out but other genres thrive
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- Figure 9: Trends in ever visiting music concerts, by type, 2007-11
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- Figure 10: Percentage of all adults who have been to concerts in past year, 2010 and 2011
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- Figure 11: Number of music concert performances at NAA venues, by genre, 2007-11
- Figure 12: Average ticket prices for music concerts at NAA venues, by genre, 2008-11
- No change after PRS for Music tariff consultation
- Industry wins licensing concessions
- Tightening the purse strings
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- Figure 13: Major Arts Council-funded classical projects, 2012/13-2014/15
- Figure 14: Major Arts Council-funded jazz projects, 2012/13-2014/15
- Ticketing sector under pressure after Dispatches exposure
Broader Market Environment
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- Key points
- Economy slips back into recession
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- Figure 15: Quarterly trends in UK GDP, Q1 2007-Q3 2012
- Consumer confidence remains weak
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- Figure 16: Trends in UK consumer confidence, January 2008-July 2012
- Job worries continue
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- Figure 17: Trends in unemployment rate, Q2 2007-Q1 2012
- Figure 18: Unemployment rate*, by age band, Q1 2012
- The role of technology grows
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- Figure 19: Penetration of digital and mobile communications, April 2012
- Exchange rate fluctuations cause problems for promoters
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- Figure 20: Sterling exchange rates, 2007-12
- The Olympic impact
Competitive Context
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- Key points
- Live music one of the larger leisure markets
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- Figure 21: Value of the UK leisure* industry, by segment, 2007-11
- A third say they cut back on live music in 2011
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- Figure 22: Leisure spending trends in past 12 months, by sector, October 2011
- Further belt tightening in prospect for 2012
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- Figure 23: Leisure spending intentions for the next 12 months, October 2011
- Live continues to outstrip recorded music revenues
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- Figure 24: Live versus recorded music revenue trends, 2007-11
- US market bounces back after difficult 2010
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- Figure 25: Performance of US live music market in first six months of year, 2007-11
Who’s Innovating?
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- Key points
- Electronic wristbands speed up payment and reduce queues
- Taking classical into the festival arena
- Songkick pushes on with efforts to counter ‘If only I’d known’
- Efforts continue to improve phone charging at festivals
- Extending the live audience beyond the physical
Market Size and Forecast
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- Key points
- Five years of tremendous growth in revenues
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- Figure 26: UK music concerts and festivals market size trends, 2007-17
- Take That factor boosts revenues
- A post-Olympics bounce-back?
- Forecast
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- Figure 27: Forecast UK music concerts and festivals market value, 2007-17
Segment Performance
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- Key points
- Tickets provide most of industry revenues but secondary spend growing
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- Figure 28: UK music concerts and festivals market, by segment, 2007-11
- Concerts
- Festivals
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- Figure 29: Major UK music festivals, 2012
Market Share
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- Key points
- Live Nation dominates the industry
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- Figure 30: Leading music concert and festival operators ranked by turnover, 2011
Companies and Products
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- Key points
- Live Nation/Ticketmaster
- Background
- Financial performance
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- Figure 31: Live Nation Entertainment Inc, key financials, 2007-11
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- Figure 32: Live Nation (Music) UK Ltd, key financials 2007-11
- LN-Gaiety venture is a major player too
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- Figure 33: LN-Gaiety Holdings Ltd, key financials, 2007-11
- Recent activity
- Ticketmaster gives Live Nation a strong position in ticketing
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- Figure 34: Ticketmaster UK, key financials, 2006-10
- SJM Concerts and Metropolis Music
- Background
- Financial performance
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- Figure 35: SJM Ltd, key financials, 2006-10
- Figure 36: Metropolis Music (Scriptograph Ltd), key financials, 2007-11
- Recent activity
- Anschutz Entertainment Group (AEG)
- Background
- Financial performance
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- Figure 37: AEG Live (UK) Ltd, key financials, 2006-10
- Recent activity
- Academy Music Group
- Background
- Financial performance
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- Figure 38: Academy Music Holdings Ltd, key financials, 2007-11
- Venues
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- Figure 39: Venues owned and operated by Academy Music Group, 2012
- Recent activity
- MAMA Group
- Background
- Financial performance
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- Figure 40: MAMA Group Ltd, turnovers of key subsidiaries, 2010 and 2011
- Recent activity
- Festival Republic
- Background
- Financial performance
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- Figure 41: Festival Republic Ltd, key financials, 2007-11
- Recent activity
- Raymond Gubbay
- Background
- Financial performance
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- Figure 42: Raymond Gubbay Ltd, key financials, 2007-11
- Recent activity
- Marshall Arts
- Background
- Financial performance
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- Figure 43: Marshall Arts Ltd, key financials, 2006-10
Brand Communication and Promotion
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- Key points
- Live Nation commands the promotional space
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- Figure 44: Leading promoters’ main media advertising spend, 2011
- Nostalgia and reunions rule the roost in 2011
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- Figure 45: Main media advertising spend on leading artists, 2011
- Sponsorship continues to grow but funds becoming harder to procure?
- BlackBerry backs TOWIE-style reality TV series
- Digital role grows for live music promoters
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- Figure 46: Total unique monthly visitors to music concerts and festivals websites, January 2009-October 2012
Music Concert Attendance
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- Key points
- Nearly a third of adults paid to go to a live music concert in the past year
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- Figure 47: Number of music concerts attended in past 12 months, June 2012
- Strong correlation between concert- and festival-going
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- Figure 48: Number of music concerts attended in past 12 months, by number of music festivals attended in past 12 months, July 2012
Music Festival Attendance
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- Key points
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- Figure 49: Number of music festivals attended in past 12 months, June 2012
- Less correlation between concerts and festivals than vice versa
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- Figure 50: Number of music festivals attended in past 12 months, by number of music concerts attended in past 12 months, July 2012
Types of Music Concert Visited
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- Key points
- Rock, pop and classical most popular genres
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- Figure 51: Types of music concerts attended in past 12 months, June 2012
- Relatively little correlation between the genres
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- Figure 52: Types of music concerts attended in past 12 months, by type of music concerts attended in past 12 months, July 2012
Consumer Attitudes and Behaviour
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- Key points
- Scarcity has its price
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- Figure 53: Consumer attitudes and behaviour relating to music concerts and festivals, June 2012
- Festivals sector to dip slightly in 2012?
- Frequent concert-goers more likely to also attend live sport and live comedy events
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- Figure 54: Consumer attitudes and behaviour relating to music concerts and festivals, by number of music concerts attended in past 12 months, July 2012
- Around half of 2011 festival-goers going again in 2012
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- Figure 55: Consumer attitudes and behaviour relating to music concerts and festivals, by number of music festivals attended in past 12 months, July 2012
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- Figure 56: Consumer attitudes and behaviour relating to music concerts and festivals, by music concerts attended in past 12 months, July 2012
Attitudes towards Potential Improvements and Innovations
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- Key points
- Initiatives to speed up in-venue service most popular
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- Figure 57: Attitudes towards potential improvements and innovations to music concerts and festivals, June 2012
- Location-based technology opportunity?
- Fans open to idea of season ticket
- Free Wi-Fi could increase fan engagement
- Social media can allow fans to become more involved
- Wristbands and mobile drinks vendors popular with regular concert-goers
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- Figure 58: Attitudes towards potential improvements and innovations to music concerts and festivals, by number of music concerts attended in past 12 months, July 2012
- Festival-goers more enthusiastic about prepaid wristbands
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- Figure 59: Attitudes towards potential improvements and innovations to music concerts and festivals, by number of music festivals attended in past 12 months, July 2012
- Rock fans keenest on convenience
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- Figure 60: Attitudes towards potential improvements and innovations to music concerts and festivals, by number of music concerts attended in past 12 months, July 2012
Appendix – Market Size Forecast Scenarios
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- Figure 61: UK music concerts and festivals market size forecast scenarios, 2012-17
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Appendix – Music Concert Attendance
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- Figure 62: Number of music concerts attended in past 12 months, by demographics, June 2012
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Appendix – Music Festival Attendance
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- Figure 63: Number of music festivals attended in past 12 months, by demographics, June 2012
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Appendix – Types of Music Concert Visited
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- Figure 64: Number of music concerts attended in past 12 months, by type, by demographics, June 2012
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Appendix – Consumer Attitudes and Behaviour
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- Figure 65: Consumer attitudes and behaviour relating to music concerts and festivals, by demographics, June 2012
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- Figure 66: Consumer attitudes and behaviour relating to music concerts and festivals, by most popular consumer attitudes and behaviour relating to music concerts and festivals, July 2012
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- Figure 67: Consumer attitudes and behaviour relating to music concerts and festivals, by next most popular consumer attitudes and behaviour relating to music concerts and festivals, July 2012
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Appendix – Attitudes towards Potential Improvements and Innovations
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- Figure 68: Attitudes towards potential improvements and innovations to music concerts and festivals, by demographics, June 2012
- Figure 69: Attitudes towards potential improvements and innovations to music concerts and festivals, by most popular attitudes towards potential improvements and innovations to music concerts and festivals, July 2012
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- Figure 70: Attitudes towards potential improvements and innovations to music concerts and festivals, by next most popular attitudes towards potential improvements and innovations to music concerts and festivals, July 2012
- Figure 71: Attitudes towards potential improvements and innovations to music concerts and festivals, by most popular consumer attitudes and behaviour relating to music concerts and festivals, July 2012
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- Figure 72: Attitudes towards potential improvements and innovations to music concerts and festivals, by next most popular consumer attitudes and behaviour relating to music concerts and festivals, July 2012
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