{"id":1997065,"date":"2025-09-04T16:30:21","date_gmt":"2025-09-04T16:30:21","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=1997065"},"modified":"2025-09-04T16:30:21","modified_gmt":"2025-09-04T16:30:21","slug":"a-concert-took-place-every-137-seconds-across-the-uk-in-2024-as-live-music-spend-in-the-market-jumped-9-5-to-7-2bn-according-to-new-report","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/a-concert-took-place-every-137-seconds-across-the-uk-in-2024-as-live-music-spend-in-the-market-jumped-9-5-to-7-2bn-according-to-new-report\/","title":{"rendered":"A concert took place every 137 seconds across the UK in 2024, as live music spend in the market jumped 9.5% to $7.2bn, according to new report"},"content":{"rendered":"

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The UK\u2019s live music industry has recovered from the pandemic slump \u2013 and then some.<\/p>\n

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<\/a><\/div>\n<\/div>\n

Newly-released data show consumer spend on live music events jumped 9.5% YoY<\/strong><\/span> in 2024, to GBP \u00a36.68 billion<\/strong> (USD $7.23 billion<\/strong> at the average exchange rate for 2024).<\/p>\n

The data comes from industry group Live music Industry Venues and Entertainment<\/strong> (LIVE<\/strong>), a federation of 15 live music industry associations representing 3,000 businesses, 35,000 artists and 2,000 backstage workers.<\/p>\n

Notably, live music revenues were around \u00a32 billion<\/strong> higher in 2024 than they were in 2019, the last full year before the Covid-19 pandemic shut down most live music events across the UK.<\/p>\n

The report noted that UK live music growth doubled that of the global recorded music industry, citing data from Goldman Sachs<\/strong>\u2019 Music in the Air<\/em> report<\/a> showing that recorded music revenues rose by 4.8%<\/strong><\/span> worldwide in 2024.<\/p>\n

It also quoted Goldman Sachs\u2019 assertion that \u201cthere\u2019s a robust demand and supply outlook for the live music industry\u2026 it has proven to be more recession-resilient than other forms of entertainment.\u201d<\/p>\n

There was something of a shift in what sorts of events UK music fans spent their money on in 2024, with fans increasingly choosing concerts over festivals.<\/p>\n

While concert revenue jumped 12.2% YoY<\/strong><\/span>, to \u00a35.0 billion<\/strong> ($5.4 billion<\/strong>), festival revenue increased by only 1.9% YoY<\/strong><\/span>, to \u00a31.7 billion<\/strong> ($1.8 billion<\/strong>) a growth rate that was below the UK\u2019s 2.5%<\/strong> inflation rate for the year.<\/p>\n\n

<\/a>
Source: LIVE<\/figcaption><\/figure>\n\n

\u201cThis is partly due to a slowing of growth in music festivals, some of which have struggled to sustain themselves through the extended period of high inflation,\u201d the LIVE report noted.<\/p>\n

\u201cIt\u2019s also attributable to higher ticket prices, which have had to rise after spikes in the costs of labor, energy and other important festival inputs.\u201d<\/p>\n

Nevertheless, festival revenue is now above 2019 levels, LIVE noted.<\/p>\n

The shift also had to do with the fact that 2024 was a big year for touring, with the likes of Taylor Swift<\/strong>, Charlie XCX<\/strong> and Dua Lipa<\/strong> drawing a record 23.5 million<\/strong> music tourists to events across the UK, LIVE said.<\/p>\n

Mainstream pop acts accounted for 32.1%<\/strong> of consumer spend at the top 2,000 concerts across the country last year, a 4.7 percentage point increase, the report said.<\/p>\n\n

<\/a>
Source: LIVE<\/figcaption><\/figure>\n\n

Not surprisingly, Greater London continued to have far and away the largest share of live music revenue, accounting for 28.9%<\/strong> of the total, followed by Manchester (8.1%<\/strong>), Glasgow (5.7%<\/strong>) and Birmingham (3.5%<\/strong>). One change among the top cities was that Cardiff edged out Edinburgh for fifth spot, at 2.4%<\/strong>.<\/p>\n\n

<\/a>
Source: LIVE<\/figcaption><\/figure>\n\n

The report noted an increase in employment in live music, which supported 234,000<\/strong> people in 2024, a 2.2% YoY<\/strong><\/span> increase. The data showed that nearly four in five (78.8%<\/strong>) of those jobs were casual or freelance.<\/p>\n

However, LIVE flagged the ongoing problem faced by small and grassroots music venues, which have been shutting down at a rapid pace<\/a> in recent years.<\/p>\n

\u201cWhile UK live music continued the post-lockdown trend of strong performance for the biggest names at the biggest venues\u2026 pressure built across our grassroots as venues closed, tours were cancelled or cut back and festivals called time,\u201d LIVE CEO Jon Collins<\/strong> said.<\/p>\n

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\u201cPressure built across our grassroots as venues closed, tours were cancelled or cut back and festivals called time.\u201d<\/p>\n

Jon Collins, LIVE<\/span><\/p>\n<\/blockquote>\n

LIVE is calling on the UK government to implement \u201cmuch-needed\u201d music festival tax relief, and said its LIVE Trust<\/strong> program will soon be ready to roll out support to small venues.<\/p>\n

LIVE Trust builds on on the Music Venue Trust<\/strong> initiative, which is a voluntary program under which \u00a31 of revenue from ticket sales to arena and stadium shows with capacity over 5,000 is used to support small venues.<\/p>\n

\u201cWith trustees now appointed and commitments already secured from a number of high-profile artists performing stadia and arena shows throughout 2025 and 2026, the LIVE Trust is confident it can soon begin offering financial support where it is needed,\u201d LIVE said.<\/p>\n

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\u201cMore and more people have enjoyed going to gigs over the past year. There\u2019s more shows, more choice and incredibly one live gig every 137 seconds.\u201d<\/p>\n

Steve Lamacq, LIVE<\/span><\/p>\n<\/blockquote>\n

Despite the problems at grassroots venues, \u201cit is a really exciting time for live music,\u201d LIVE Chair Steve Lamacq<\/strong> said.<\/p>\n

\u201cMore and more people have enjoyed going to gigs over the past year. There\u2019s more shows, more choice and incredibly one live gig every 137 seconds. It\u2019s testimony to the fact that live music brings people together and provides experiences and memories that will stay with us for years to come.<\/p>\n

\u201cWith the launch of the LIVE Trust, we hope to make sure that those crucial small venues can survive and flourish so that they can continue to nurture the acts that\u2019ll be filling venues and headlining festivals in years to come.\u201dMusic Business Worldwide<\/span><\/p>\n<\/div>\n

\u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n

\u2018 Some details of this article were extracted from the following source www.musicbusinessworldwide.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The UK\u2019s live music industry has recovered from the pandemic slump \u2013 and then some. Newly-released data show consumer spend on live music events jumped 9.5% YoY in 2024, to GBP \u00a36.68 billion (USD $7.23 billion at the average exchange rate for 2024). The data comes from industry group Live music Industry Venues and Entertainment […]<\/p>\n","protected":false},"author":2,"featured_media":1997066,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25179],"tags":[],"class_list":["post-1997065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-music"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2025\/09\/A-concert-took-place-every-137-seconds-across-the-UK.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/1997065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=1997065"}],"version-history":[{"count":0,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/1997065\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/1997066"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=1997065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=1997065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=1997065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}