Table of Contents
Executive Summary
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- Market expected to have grown by nearly half in the past five years
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- Figure 1: UK music concerts and festivals market size trends, 2010-20
- Split between tickets and secondary spend broadly unchanged
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- Figure 2: UK music concerts and festivals market by segment, 2010-14
- Live Nation is dominant player in live music
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- Figure 3: Leading music concert and festival operators, ranked by most recent turnover*, 2013/14
- Visiting levels look set to hold steady
- Arenas now second most popular type of music venue
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- Figure 4: Music concerts paid to attend in 2014/15 by type of venue, June 2015
- Online is dominant channel for ticketing buying
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- Figure 5: Methods used for buying tickets to attend music concerts in the uk, June 2015
- Potential for live music ticketing apps looks very good
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- Figure 6: Usage of services or technologies related to music concerts and festivals, June 2015
- Support for more regulation of ticket reselling
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- Figure 7: Attitudes towards music concerts & festivals, June 2015
Issues and Insights
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- Tech innovation in reselling threatens the established players
- The facts
- The implications
- Could subscription services revive the mid-market?
- The facts
- The implications
The Market – What You Need to Know
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- Market expected to have grown by nearly half in past five years
- Split between tickets and secondary spend broadly unchanged
- Parliament tightens regulation on secondary ticketing
- PRS for Music tariff review seen as threat by industry
- Changes in device ownership impact ticketing and payment options
- Signs that pressure on incomes may be easing
Market Size and Forecast
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- Market expected to have grown by nearly half in the past five years
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- Figure 8: UK music concerts and festivals market size trends, 2010-20
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- Figure 9: UK music concerts and festivals, forecast market value, 2010-20
Segment Performance
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- Split between tickets and secondary spend broadly unchanged
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- Figure 10: UK music concerts and festivals market by segment, 2010-14
- Concerts
- Festivals
- Sector continues to grow despite proliferation of events
- Average age of headline acts on the increase
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- Figure 11: Trends in the age of headline acts at selected major festivals, 1996-2015
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- Figure 12: Major UK music festivals, 2015
Market Drivers
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- Parliament tightens regulation on secondary ticketing
- PRS for Music tariff review seen as threat by industry
- Arenas business continues to thrive
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- Figure 13: Trends in attendance at music events held at arenas*, 2010-14
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- Figure 14: Attendance at NAA member venues*, by quarter, 2014
- Figure 15: Attendance at NAA member venues*, by genre, 2014
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- Figure 16: Average music performance ticket prices at NAA member venues*, 2013 and 2014
- Changes in device ownership impact ticketing and payment options
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- Figure 17: Trends in personal ownership of selected technology products, November 2014-April 2015
- Rates decision potentially disastrous for many festival operators
- Noise measures incorporated into planning guidance
- Signs that pressure on incomes may be easing
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- Figure 18: Trends in earnings versus prices, January 2009-April 2015
- Exchange rates cause headaches for promoters of overseas acts
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- Figure 19: Trends in annual average sterling/dollar and sterling/euro exchange rates, 2010-15*
- Live revenues outstrip those from recorded music
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- Figure 20: Trends in live and recorded music revenues in the UK, 2010-14
- US still leading the way in terms of growth
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- Figure 21: Trends in revenues of US concert industry and top 100 tours, 2010-14
Key Players – What You Need to Know
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- Live Nation is dominant player in live music
- Advertisers throttle back on advertising
- Cashless ticketing and payment on the up
Market Share
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- Live Nation is dominant player in live music
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- Figure 22: Leading music concert and festival operators, ranked by most recent turnover*, 2013/14
Brand Communication and Promotion
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- Advertisers throttle back on advertising
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- Figure 23: Recorded above-the-line online display and direct mail advertising expenditure for concerts, 2011-14
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- Figure 24: Recorded above-the-line online display and direct mail advertising expenditure for concerts, by selected key players, 2014
- Methodology and coverage
Launch Activity and Innovation
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- Cashless ticketing and payment on the up
- Download goes cashless
- DICE and Una try to counter reselling and booking fees
- WillCall combines concert discovery, ticketing and in-venue commerce
- Subscription services may help smaller and medium-sized acts
- Use of location-based services on the increase
- Remote concert viewing
- A trend towards smaller festivals?
The Consumer – What You Need to Know
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- Visiting levels look set to hold steady
- Over three quarters of concert goes paid to attend
- Arenas now second most popular type of music venue
- Online is dominant channel for ticketing buying
- Potential for live music ticketing apps looks very good
- Support for more regulation of ticket reselling
Music Concert and Festival Visiting
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- Visiting levels look set to hold steady
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- Figure 25: Music concert & festival visiting, June 2015
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- Figure 26: Music concert & festival visiting by detailed frequency, June 2015
Paid Attendance at Music Concerts
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- Over three quarters of concert-goers paid to attend
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- Figure 27: Whether paid to attend music concert in 2014/15, June 2015
- Arenas now second most popular type of music venue
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- Figure 28: Music concerts paid to attend in 2014/15 by type of venue, June 2015
How People Buy Music Concert Tickets
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- Online is dominant channel for ticketing buying
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- Figure 29: Methods used for buying tickets to attend music concerts in the UK, June 2015
Usage of Related Services or Technologies
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- Potential for live music ticketing apps looks very good
- Fans increasingly want influence and to be kept in the loop
- Strong interest in mobile wallets and contactless wristbands
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- Figure 30: Usage of services or technologies related to music concerts and festivals, June 2015
- Figure 31: Services or technologies related to music concerts and festivals that people would consider using in the future*, June 2015
Attitudes Towards Music Concerts and Festivals
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- Support for more regulation of ticket reselling
- Perception is that it is getting harder to obtain tickets
- Small is good when it comes to festivals
- Festivals need to work harder to sell camping
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- Figure 32: Attitudes towards music concerts & festivals, June 2015
Appendix – Data Sources, Abbreviations and Supporting Information
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- Data sources
- Abbreviations
- Market size and forecast
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- Figure 33: UK music concerts and festivals, value forecast scenarios, 2015-20
- Fan chart forecast
Appendix – Financial Performance of Key Players
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- Figure 34: Live Nation (Music) UK Ltd, key financials, 2009-13
- Figure 35: LN-Gaiety Holdings Ltd, key financials, 2010-14
- Figure 36: Festival Republic Ltd, key financials, 2010-14
- Figure 37: Academy Music Group Ltd, key financials, 2010-14
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- Figure 38: DF Concerts Ltd, key financials, 2011-13
- Figure 39: C.I. (Events) Ltd, key financials, 2011-14
- Figure 40: SJM Ltd, key financials, 2009-13
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- Figure 41: Metropolis Music (Scriptograph Ltd), key financials, 2010-14
- Figure 42: AEG Live (UK) Ltd, key financials, 2009-13
- Figure 43: Raymond Gubbay Ltd, key financials, 2010-14
- Figure 44: Kilimanjaro live ltd, key financials, 2012-14
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- Figure 45: Glastonbury Festival Ltd, key financials, 2009-13
- Figure 46: MAMA & Company Ltd, turnover of key subsidiaries, 2012/13-2013/14
- Figure 47: Marshall Arts Ltd, key financials, 2009-13
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- Figure 48: DHP family ltd, key financials, 2013-14
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