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Music Concerts and Festivals - UK - August 2015

"The UK live music industry has continued to grow during the past five years, despite the tough prevailing economic environment. Despite steadily rising prices, consumers have demonstrated that they are still prepared to pay ‘top dollar’ to see the most popular acts, while festivals continue to draw the crowds, although perhaps not all are enjoying the same sort of attendances they did before the financial crash of 2008."

This reports looks at the following issues:

  • Tech innovation in reselling threatens the established players
  • Could subscription services revive the mid-market?

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Table of contents

  1. Overview

    • What you need to know
      • Covered in this report
      • Executive Summary

        • Market expected to have grown by nearly half in the past five years
          • Figure 1: UK music concerts and festivals market size trends, 2010-20
        • Split between tickets and secondary spend broadly unchanged
          • Figure 2: UK music concerts and festivals market by segment, 2010-14
        • Live Nation is dominant player in live music
          • 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
            • Figure 4: Music concerts paid to attend in 2014/15 by type of venue, June 2015
          • Online is dominant channel for ticketing buying
            • 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
            • Figure 6: Usage of services or technologies related to music concerts and festivals, June 2015
          • Support for more regulation of ticket reselling
            • Figure 7: Attitudes towards music concerts & festivals, June 2015
        • Issues and Insights

          • 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

                      • 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

                                  • Market expected to have grown by nearly half in the past five years
                                    • Figure 8: UK music concerts and festivals market size trends, 2010-20
                                    • Figure 9: UK music concerts and festivals, forecast market value, 2010-20
                                • Segment Performance

                                  • Split between tickets and secondary spend broadly unchanged
                                    • 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
                                          • Figure 11: Trends in the age of headline acts at selected major festivals, 1996-2015
                                          • Figure 12: Major UK music festivals, 2015
                                      • Market Drivers

                                        • Parliament tightens regulation on secondary ticketing
                                          • PRS for Music tariff review seen as threat by industry
                                            • Arenas business continues to thrive
                                              • Figure 13: Trends in attendance at music events held at arenas*, 2010-14
                                              • Figure 14: Attendance at NAA member venues*, by quarter, 2014
                                              • Figure 15: Attendance at NAA member venues*, by genre, 2014
                                              • Figure 16: Average music performance ticket prices at NAA member venues*, 2013 and 2014
                                            • Changes in device ownership impact ticketing and payment options
                                                • 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
                                                    • Figure 18: Trends in earnings versus prices, January 2009-April 2015
                                                  • Exchange rates cause headaches for promoters of overseas acts
                                                    • Figure 19: Trends in annual average sterling/dollar and sterling/euro exchange rates, 2010-15*
                                                  • Live revenues outstrip those from recorded music
                                                    • Figure 20: Trends in live and recorded music revenues in the UK, 2010-14
                                                  • US still leading the way in terms of growth
                                                    • Figure 21: Trends in revenues of US concert industry and top 100 tours, 2010-14
                                                • Key Players – What You Need to Know

                                                  • Live Nation is dominant player in live music
                                                    • Advertisers throttle back on advertising
                                                      • Cashless ticketing and payment on the up
                                                      • Market Share

                                                        • Live Nation is dominant player in live music
                                                            • Figure 22: Leading music concert and festival operators, ranked by most recent turnover*, 2013/14
                                                        • Brand Communication and Promotion

                                                          • Advertisers throttle back on advertising
                                                            • Figure 23: Recorded above-the-line online display and direct mail advertising expenditure for concerts, 2011-14
                                                            • 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

                                                            • 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

                                                                            • 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

                                                                                        • Visiting levels look set to hold steady
                                                                                          • Figure 25: Music concert & festival visiting, June 2015
                                                                                          • Figure 26: Music concert & festival visiting by detailed frequency, June 2015
                                                                                      • Paid Attendance at Music Concerts

                                                                                        • Over three quarters of concert-goers paid to attend
                                                                                          • Figure 27: Whether paid to attend music concert in 2014/15, June 2015
                                                                                        • Arenas now second most popular type of music venue
                                                                                          • Figure 28: Music concerts paid to attend in 2014/15 by type of venue, June 2015
                                                                                      • How People Buy Music Concert Tickets

                                                                                        • Online is dominant channel for ticketing buying
                                                                                          • Figure 29: Methods used for buying tickets to attend music concerts in the UK, June 2015
                                                                                      • Usage of Related Services or Technologies

                                                                                        • 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
                                                                                              • 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

                                                                                            • 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
                                                                                                    • Figure 32: Attitudes towards music concerts & festivals, June 2015
                                                                                                • Appendix – Data Sources, Abbreviations and Supporting Information

                                                                                                  • Data sources
                                                                                                    • Abbreviations
                                                                                                      • Market size and forecast
                                                                                                        • Figure 33: UK music concerts and festivals, value forecast scenarios, 2015-20
                                                                                                      • Fan chart forecast
                                                                                                      • Appendix – Financial Performance of Key Players

                                                                                                          • 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
                                                                                                          • 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
                                                                                                          • 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
                                                                                                          • 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
                                                                                                          • Figure 48: DHP family ltd, key financials, 2013-14

                                                                                                      Companies Covered

                                                                                                      To learn more about the companies covered in this report please contact us.

                                                                                                      Music Concerts and Festivals - UK - August 2015

                                                                                                      £1,995.00 (Excl.Tax)