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live entertainment industry statistics

Posted on February 13, 2019 February 19, 2019 Author Jenn Shuron. Many companies in the industry have diversified, signing sync deals with vertical businesses for TV ads, in-flight entertainment, satellite radio, restaurants, touring, live entertainment… More than 31,000 full time employees directly benefit from the work of this industry in the United States alone. Photo credit: Vibrant Emotional Health 2018 Annual Report. The Beatles are the most covered artist by live bands, having issued over 32,000 mechanical licenses. The Economics of the Global Entertainment Industry. ... Gaming is another big revolution in the UK and has garnered a record high audience according to YouTube’s viewer statistics. Kevin is a vice chairman and leads the US Technology, Media & Telecommunications (TMT) practice of Deloitte; as well as serves as the global Telecommunications, Media and Entertainment (TME) practice ... More, How new technology will shape the future of telecommunications. Banks, consultants, sales & marketing teams, accountants and students all find value in IBISWorld. What’s the UK events industry worth? UK Event Industry Facts & Stats. What are the key trends, challenges, and opportunities that may impact your business and influence your strategy? Total ticket revenues from the live music industry topped $3 billion. 3. Regardless of how you influence business decisions, the Outlook can help you understand industry trends so you can capitalise on … Another is the fact that there is such a wide variety of musical styles that anyone can find something they like. See Terms of Use for more information. [45] Also, in terms of sources from which US users stream live videos; digital streaming subscription leads at 43%, followed by social platforms (40%), TV network site or app (32%), gaming sites (28%), and pay-TV services provider sites (17%). 4. The events sector is worth £42.3 billion to the UK economy in terms of direct spend by event delegates, attendees and organisers, an 8% rise on the previous report. Live and recorded music sales are rising, and digitally recorded music is expected to grow just under $1 billion in 2019. Last year, the live concert industry generated 16% more revenue over 2016, bringing in $5.7 billion. With growing concerns over the virus' spread, the entertainment industry is bracing itself. Do not delete! Since 2006, worldwide music industry revenues have been more than $60 billion each year. View our latest COVID-19 Outlook on the Media and Entertainment Industry What to watch: The streaming wars As major networks and studios continue to launch their own direct-to-consumer streaming services in 2020, competitors will likely scramble to offer content libraries broad enough to both attract and retain customers. Please see www.deloitte.com/about to learn more about our global network of member firms. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. Live music has been about 33% of these total revenues each and every year. The total U.S. industry market size for Arts, Entertainment & Recreation: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size. Please enable JavaScript to view the site. The number of jobs sustained by music tourism was 45,530 last year, a record high, with overall employment in the music industry also at an all-time high of 190,935. Social login not available on Microsoft Edge browser at this time. 2. © 2020. Frank Turner has played more shows in the last 12 months than anyone else, responsible for 194 set lists. Every year we take a deep dive into the data and analysis that our team of researchers and industry specialists have unearthed – with the aim of providing As the streaming wars intensify, can consumers expect to see more diverse on-demand options in the year ahead? Let us assume that the entertainment component of eating out is 50% of restaurant revenues: that is, for entertainment reasons, people are willing to pay twice as much for food as they would have to pay if they ate at home. Market Size & Industry Statistics. Fullwidth SCC. Leisure time has been a determining factor in the development of recreation and entertainment as an industry. According to a new study from Pricewaterhouse Coopers (PwC), the live concert industry will experience significant growth during the next few years. This publication is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Breaking down entertainment industries in the Global Entertainment and Media Outlook 2018-2022 report, PwC reveals live music revenue will increase at a compound annual growth rate (CAGR) of 3.3% heading into 2022. According to the Bureau of Labor Statistics, the average American spent $3,226 on entertainment in 2018, a … ", 13 Google Organic Click Through Rate Statistics, 13 Mobile Search Statistics and Smartphone Search Stats for 2013, Apple’s Mission Statement and Vision Statement Explained, How Does WhatsApp Make Money: Business Model & Revenue Explained, How Does Discord Make Money: Explanation of Business Model, Is Mercari Legit and Safe: 15 Tips for Buyers and Sellers, NEO PI-R Explained: Neuroticism vs Extraversion vs Openness vs Agreeableness vs Conscientiousness, 100 Powerful Gratitude Affirmations to Fill You with Joy, Keirsey Temperaments Explained: Artisan vs Guardian vs Idealist vs Rational, 101 Positive Affirmations for Work and Career Success, DiSC Personality Types Explained: D-Style vs I-Style vs S-Style vs C-Style, 100 Confidence Affirmations to Boost Self-esteem. Companies in this industry sector produce or promote live entertainment and other events, operate amusement and leisure activity facilities, or preserve and exhibit objects and … 2020 Media and Entertainment Industry Outlook has been saved, 2020 Media and Entertainment Industry Outlook has been removed, An Article Titled 2020 Media and Entertainment Industry Outlook already exists in Saved items. Definitions Do you want access to consumer Thanks to global recession, the value of the worldwide entertainment and media market is projected to fall to two trillion U.S. dollars for the year 2020. Since 2006, worldwide music industry revenues have been more than $60 billion each year. 1. By 2023, the UK’s entertainment and media market worth is projected to reach 80.5 billion British pounds. DTTL (also referred to as "Deloitte Global") does not provide services to clients. Most (41%) marketers believe that events are the single-most effective marketing channel over digital advertising, email marketing and content marketing. statistics on the size, growth and profile of the UK music industry, including data on live music in the UK. Takeaway: Music is something that people can live without, but can you truly live without music? From Disabled and $500k in Debt to a Pro Blogger with 5 Million Monthly Visitors, 9 Fascinating Live Music Industry Statistics, "From Disabled and $500k in Debt to a Pro Blogger with 5 Million Monthly Visitors. People love listening to their favorite records at home, but investing in a musician or a band and going to a live event provides a valuable social experience. People love listening to their favorite records at home, but investing in a musician or a band and going to a live event provides a valuable social experience. According to Kevin Westcott, vice chairman and Deloitte's US telecommunications, media, and entertainment leader, Deloitte LLP, this creates opportunities for media, and entertainment firms to "re-aggregate" their content libraries with a wide array of offerings—from video, music, and gaming services to ad-supported content. Here's the latest Hollywood, Broadway, and beyond. Ticket prices are going up, but revenues are equaling out and staying fairly consistent thanks to VIP packages, backstage tours, and other unique events that have been added recently to the live music industry. Before making any decision or taking any action that may affect your business, you should consult a qualified professional adviser. Entertainment has grown as an industry in step with increased income and time available for leisure and recreation. The following outline provides an overview of and topical guide to entertainment and the entertainment industry: . This list may not reflect recent changes (). DTTL and each of its member firms are legally separate and independent entities. Add in the atmosphere that music can bring to a restaurant, bar, pub, or even just a coffee shop and there’s always a venue somewhere that will allow anyone to play. Entertainment and Media Leader PwC Southern Africa Welcome to this year’s special report on the findings of our Entertainment and media Outlook: 2018–2022, An African perspective (Outlook). Disclaimer: please note that this research may contain copyrighted material. In an earlier posting, ... First, people need to eat to live. Events Industry by Type (Music Concert, Festivals, Sports, Exhibitions & Conferences, Corporate Events & Seminars, and Others), Revenue Source (Ticket Sale, Sponsorship, and Others), Organizer (Corporate, Sports, Education, Entertainment, and Others), and Age Group (Below 20 years, 21–40 years, and 41 years & Above): Global Opportunity Analysis and Industry Forecast, 2019–2026 Deloitte shall not be responsible for any loss sustained by any person who relies on this publication. S&P Global Ratings 1 [email protected] Industry Top Trends 2019 Media and Entertainment November 13, 2018 Key Takeaways – Ratings Outlook: Rating trends remain broadly stable but negatively biased due to the convergence of content and distribution, ongoing secular shifts in media consumption and advertising spending, and Live music promoter Live Nation promoted 21,000 separate events in the year 2010 by themselves. This includes ticket… Read More The growth of the entertainment industries has been directly related to the development of a modern economy and rising … Live music has been about 33% of these total revenues each and every year. This message will not be visible when page is activated. Part of this is because music is one of the few things on this planet that can engage the brain simultaneously. Revenue from live performances, such as concerts or the theatre, hit £2.1bn last year and is expected to grow a further 7% this year, according to a report from Deloitte. Live Stream Entertainment Industry in the UK. Workforce Statistics. Note: The only source of all consumer and advertising spend data is the Global entertainment and media outlook; however, all the data, charts, and graphs (unless stated otherwise) in this publication are taken from the Global entertainment and media outlook. The average community in the United States has at least one live music event playing at least one day per week, no matter what the size of the community happens to be. Certain services may not be available to attest clients under the rules and regulations of public accounting. Who doesn’t like going to a concert? Home » Statistics » 9 Fascinating Live Music Industry Statistics. This box/component contains JavaScript that is needed on this page. 2. 5. This section provides information relating to employment and unemployment in arts, entertainment, and recreation. The … The live music and entertainment sector underwent significant changes and consolidation in 2019 - even before the onset of COVID-19 and its devastating impact on this part of the industry. Taking action against systemic bias, racism, and unequal treatment, Key opportunities, trends, and challenges, Go straight to smart with daily updates on your mobile device, See what's happening this week and the impact on your business. Events industry behemoth Live Nation sold 52.5 million tickets in 2017 — almost 40 million more than closest competitor AEG. Live music is one of the most popular methods of entertainment in every age group and demographic. It might be a bit of a grind to get out on the road and do a show or two every day, but there is no better way to really get exposure for an artist’s music. Music and radio are another important sector of the entertainment industry. AEG Presents bought a 50 percent stake in Michael Gudinski’s Frontier Touring Company and, separately, Michael Chugg’s Chugg Entertainment forming a joint venture with Frontier. This statistic shows the results of a survey on the most popular advantages of live entertainment over recorded entertainment worldwide in 2018. Discover Deloitte and learn more about our people and culture. This experience just cannot be replicated by anything else. While most data are obtained from employer or establishment surveys, information on industry unemployment comes from a national survey of households. Entertainment & Media in the UK set to rebound from the COVID-19 slowdown. This reflects a 32% increase since 2017. 6. statistical modeling, and validation. 2020 Telecom, Media, and Entertainment Outlook, Principal | US Tech, Media & Telecom Leader, Telecommunications, Media & Entertainment, View our latest COVID-19 Outlook on the Media and Entertainment Industry, Listen to our 2020 TM&E Outlook podcast episode, The Center for Technology, Media & Telecommunications, Deloitte's Digital Democracy Survey has a new name. Pink Floyd is a very close second. 3. While the near-term prospects may be more challenging for the sports and live entertainment industry as compared to others, the requirement to have a … Find your industry and gain perspectives and insights from some of Deloitte’s forward thinkers. U2’s Joshua Tree tour topped the Top 100 Worldwide Tours chart. In 2018, 47% of live streaming video users globally were streaming more live videos compared to 2017. PwC’s Global Entertainment & Media Outlook provides a single comparable source of consumer and advertiser spending data and analysis. The International Live Music Conference is a professional event for those working at the top of the concert industry, but for a quick and easy description of the business, please read on… The live music business is a significant multinational industry, employing hundreds of thousands of people worldwide and estimated to be worth more than €25 billion annually (source: IFPI). Download the full report or listen to the podcast to learn more about the biggest trends across telecommunications, media, and entertainment. Economic development, often quantified in terms of productivity or output per person-hour, has enabled goods and services to be produced with fewer labor inputs. A podcast by our professionals who share a sneak peek at life inside Deloitte. The live music industry will always be around because of the social desire to sing a favorite song created by a favorite band with others who feel the same way. In 2016, about 47 percent of Europeans listened to the radio daily. Kevin Westcott, Deloitte’s US leader of telecommunications, media, and entertainment, explores the biggest media trends for 2020—from content re-aggregation and ad-supported video to esports and 5G. As major networks and studios continue to launch their own direct-to-consumer streaming services in 2020, competitors will likely scramble to offer content libraries broad enough to both attract and retain customers. Takeaway: Musicians have always made a majority of their money from touring. Find industry analysis, statistics, trends, data and forecasts on Concert & Event Promotion in the US from IBISWorld. Pages in category "Entertainment industry" The following 17 pages are in this category, out of 17 total. The average ticket price in 2012 was $85.93, or $20 more than it was just three years before. Get up to speed on any industry with comprehensive intelligence that is easy to read. Fun is no joke when it comes to household budgets. 1. Retail sales in every sector of the music industry are declining except for online streaming music and live music. Mental Health & the Live Entertainment Industry. The bank U2 has two of the top 5 all-time grossing music tours, generating over $1 billion in revenue combined. This publication contains general information only and Deloitte is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. Global network of member firms are legally separate and independent entities relating to employment and unemployment in arts entertainment... A podcast by our professionals who share a sneak peek at life inside.... Has been a determining factor in the last 12 months than anyone else, responsible any. Competitor AEG most ( 41 % ) marketers believe that events are the key,. Events in the UK ’ s Global entertainment & Media in the of. Entertainment and the entertainment industry: of Europeans listened to the podcast to learn more about the trends. And live music has been about 33 % of these total revenues each and every year the daily! 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