Live Nation Entertainment has reported a significant increase in concert attendance and revenue, marking another record year for the company. Attendance at concerts rose by 20 percent year-over-year, with the company's revenue soaring by 36 percent to nearly $23 billion in 2023. This growth is attributed to the global expansion of Live Nation's business and the continued strong demand for live music. Despite mixed ticket-sale gains so far this year, the demand for live shows is said to be building. Live Nation's success is also reflected in its strategic pricing plans, aiming to price more concert tickets based on demand and add more VIP options. The company's CEO, Michael Rapino, commented on the affordability of concerts, suggesting that live music remains a very affordable experience. This growth comes amid concerns about the sustainability of the live music industry, with two grassroots music venues closing per week, according to the Music Venue Trust.
Live Nation reports 2023 biggest year ever for ticket sales – while two grassroots music venues close per week "The economic maths of the live music industry is completely bonkers and it cannot possibly continue," said the Music Venue Trust https://t.co/rQKRkbf0gM
Live Nation Says Concert Attendance Rose 20 Percent Year-Over-Year as Revenue Soars (@hustonca - @thr) https://t.co/hoBhk5jLVc
Will Superfans Pay More for Premium Experiences at Concerts? Live Nation Is Betting On It https://t.co/zOlFiYAchr via @billboard
Live Nation Posts Another Record Year in 2023, Revenue Up 36% to Almost $23 Billion https://t.co/tuKbid2FTV via @variety
Live Nation wants to price more concert tickets based on demand and add more VIP options https://t.co/fyLfNR6pMN
The Tayoncé effect: Live Nation says concert attendance was up 20% in 2023 https://t.co/1kwQirdZmp
"The concert is still a very affordable experience," said Live Nation Entertainment CEO Michael Rapino. https://t.co/2Vl0PV6VzO https://t.co/PfLbw1SS9y
Live Nation reports 2023 biggest year ever for concert turnout and ticket sales – while two grassroots music venues close per week "The economic maths of the live music industry is completely bonkers and it cannot possibly continue," said @musicvenuetrust https://t.co/rQKRkbf0gM
Ticketmaster parent Live Nation beats revenue estimates on strong concert demand https://t.co/a7GcK5U1jq https://t.co/1JVWlvYcmF
Live Nation: Live-show demand 'continues to build’ despite slower sales growth https://t.co/gOadiN9qTY
Live Nation Posts Another Record Year in 2023, Revenue Up 36% to Almost $23 Billion https://t.co/7EdqWu6Zak
Live Nation says ‘demand for live music continues to build.’ Ticket-sale gains so far this year are mixed. https://t.co/emkhkePHti
Live Nation Had Another Record Year as Its Business Went Global & Fans Continued Flocking to Shows https://t.co/jzMxSvOjIC
Live Nation Had Another Record Year as Its Business Went Global & Fans Continued Flocking to Shows https://t.co/z90zsZsbri via @billboard
Live Nation Says Concert Attendance Rose 20 Percent Year-Over-Year As Revenue Soars https://t.co/XUGpXGtDFx via @thr
Live Nation Says Concert Attendance Rose 20 Percent Year-Over-Year As Revenue Soars https://t.co/Zp1XpxCKON