Stat of the Month: Gig gold goes south

Following a booming decade for live music events, the volume's dropping when it comes to concert revenues.

by Elizabeth Anderson
Last Updated: 09 Oct 2013

Box office takings for live music events last year fell for the first time since the early noughties, to the tune of £109m. According to the research by PRS For Music, which collects royalties on behalf of songwriters, music takings fell as consumers kept the purse strings tight, while band managers avoided big venues they were nervous about filling.

Combined with sliding CD sales and the rise of digital piracy, this meant music industry revenue declined to £3.8bn in 2010 - a fall of almost 5% from 2009.

There are some bright spots on the horizon - Take That, Rihanna and Justin Bieber are due to tour this year. That should help swell the industry's coffers. Then again, it could all just be a lot of noise.

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