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New Post: Concert sales boom in 2023; Ford pauses shipping on Lightning pickups -Live Nation Entertainment reported that concert attendance jumped by 20% in 2023 — the year global pop sensations Beyoncé and Taylor Swift launched their blockbuster greatest-hits tours. The Beverly Hills-based ticket vendor and concert promoter also noted in its latest earnings report that ticket sales were up 30%, with more than 620 million tickets sold... Live Nation Entertainment reported that concert attendance jumped by 20% in 2023 — the year global pop sensations Beyoncé and Taylor Swift launched their blockbuster greatest-hits tours. The Beverly Hills-based ticket vendor and concert promoter also noted in its latest earnings report that ticket sales were up 30%, with more than 620 million tickets sold by Ticketmaster bringing in nearly $36 billion. In 2023 alone, more than 145 million people attended upwards of 50,000 live events, the company reported. All of this has led to the live music behemoth increasing its revenue by 36% in 2023 to $22.7 billion, and growing  its operating income by 46% to $1.07 billion. “The live music industry reached new heights in 2023, and demand for live music continues to build,” said Michael Rapino, chief executive of Live Nation. Ford pauses shipping on Lightning pickup Ford Motor Co. has paused shipments of the 2024 F-150 Lightning pickup truck as part of a longer-than-expected quality check process. A spokesperson declined to specify why the quality check is taking so long. The stop-shipment went into effect on Feb. 9 after shipments of the ’24 Lightnings began last month. Despite the hold, production of the Lightnings continues at the Rouge Electric Vehicle Center in Dearborn, Michigan. “We expect to ramp up shipments in the coming weeks as we complete thorough launch quality checks to ensure these new F-150s meet our high standards and delight customers,” the company said in a statement Friday sent by spokesperson Emma Bergg. Source link

New Post: Concert sales boom in 2023; Ford pauses shipping on Lightning pickups -Live Nation Entertainment reported that concert attendance jumped by 20% in 2023 — the year global pop sensations Beyoncé and Taylor Swift launched their blockbuster greatest-hits tours. The Beverly Hills-based ticket vendor and concert promoter also noted in its latest earnings report that ticket sales were up 30%, with more than 620 million tickets sold... Live Nation Entertainment reported that concert attendance jumped by 20% in 2023 — the year global pop sensations Beyoncé and Taylor Swift launched their blockbuster greatest-hits tours. The Beverly Hills-based ticket vendor and concert promoter also noted in its latest earnings report that ticket sales were up 30%, with more than 620 million tickets sold by Ticketmaster bringing in nearly $36 billion. In 2023 alone, more than 145 million people attended upwards of 50,000 live events, the company reported. All of this has led to the live music behemoth increasing its revenue by 36% in 2023 to $22.7 billion, and growing  its operating income by 46% to $1.07 billion. “The live music industry reached new heights in 2023, and demand for live music continues to build,” said Michael Rapino, chief executive of Live Nation. Ford pauses shipping on Lightning pickup Ford Motor Co. has paused shipments of the 2024 F-150 Lightning pickup truck as part of a longer-than-expected quality check process. A spokesperson declined to specify why the quality check is taking so long. The stop-shipment went into effect on Feb. 9 after shipments of the ’24 Lightnings began last month. Despite the hold, production of the Lightnings continues at the Rouge Electric Vehicle Center in Dearborn, Michigan. “We expect to ramp up shipments in the coming weeks as we complete thorough launch quality checks to ensure these new F-150s meet our high standards and delight customers,” the company said in a statement Friday sent by spokesperson Emma Bergg. Source link

New Post: Concert sales boom in 2023; Ford pauses shipping on Lightning pickups -Live Nation Entertainment reported that concert attendance jumped by 20% in 2023 — the year global pop sensations Beyoncé and Taylor Swift launched their blockbuster greatest-hits tours. The Beverly Hills-based ticket vendor and concert promoter also noted in its latest earnings report that ticket sales were up 30%, with more than 620 million tickets sold... Live Nation Entertainment reported that concert attendance jumped by 20% in 2023 — the year global pop sensations Beyoncé and Taylor Swift launched their blockbuster greatest-hits tours. The Beverly Hills-based ticket vendor and concert promoter also noted in its latest earnings report that ticket sales were up 30%, with more than 620 million tickets sold by Ticketmaster bringing in nearly $36 billion. In 2023 alone, more than 145 million people attended upwards of 50,000 live events, the company reported. All of this has led to the live music behemoth increasing its revenue by 36% in 2023 to $22.7 billion, and growing  its operating income by 46% to $1.07 billion. “The live music industry reached new heights in 2023, and demand for live music continues to build,” said Michael Rapino, chief executive of Live Nation. Ford pauses shipping on Lightning pickup Ford Motor Co. has paused shipments of the 2024 F-150 Lightning pickup truck as part of a longer-than-expected quality check process. A spokesperson declined to specify why the quality check is taking so long. The stop-shipment went into effect on Feb. 9 after shipments of the ’24 Lightnings began last month. Despite the hold, production of the Lightnings continues at the Rouge Electric Vehicle Center in Dearborn, Michigan. “We expect to ramp up shipments in the coming weeks as we complete thorough launch quality checks to ensure these new F-150s meet our high standards and delight customers,” the company said in a statement Friday sent by spokesperson Emma Bergg. Source link

New Post: Concert sales boom in 2023; Ford pauses shipping on Lightning pickups -Live Nation Entertainment reported that concert attendance jumped by 20% in 2023 — the year global pop sensations Beyoncé and Taylor Swift launched their blockbuster greatest-hits tours. The Beverly Hills-based ticket vendor and concert promoter also noted in its latest earnings report that ticket sales were up 30%, with more than 620 million tickets sold... Live Nation Entertainment reported that concert attendance jumped by 20% in 2023 — the year global pop sensations Beyoncé and Taylor Swift launched their blockbuster greatest-hits tours. The Beverly Hills-based ticket vendor and concert promoter also noted in its latest earnings report that ticket sales were up 30%, with more than 620 million tickets sold by Ticketmaster bringing in nearly $36 billion. In 2023 alone, more than 145 million people attended upwards of 50,000 live events, the company reported. All of this has led to the live music behemoth increasing its revenue by 36% in 2023 to $22.7 billion, and growing  its operating income by 46% to $1.07 billion. “The live music industry reached new heights in 2023, and demand for live music continues to build,” said Michael Rapino, chief executive of Live Nation. Ford pauses shipping on Lightning pickup Ford Motor Co. has paused shipments of the 2024 F-150 Lightning pickup truck as part of a longer-than-expected quality check process. A spokesperson declined to specify why the quality check is taking so long. The stop-shipment went into effect on Feb. 9 after shipments of the ’24 Lightnings began last month. Despite the hold, production of the Lightnings continues at the Rouge Electric Vehicle Center in Dearborn, Michigan. “We expect to ramp up shipments in the coming weeks as we complete thorough launch quality checks to ensure these new F-150s meet our high standards and delight customers,” the company said in a statement Friday sent by spokesperson Emma Bergg. Source link

🎭 The Resurgence of Live Entertainment Post-Pandemic 🎭 As the world emerges from the pandemic, live entertainment is making a triumphant return. With theaters, concerts, and festivals reopening, there's a renewed appreciation for in-person experiences that virtual events simply can't replicate. Artists and performers are eager to connect with audiences face-to-face, while fans are craving the energy and excitement that only live events can offer. The post-pandemic landscape has also sparked innovation, with hybrid events and enhanced safety measures becoming the norm. This resurgence is more than a comeback—it's a celebration of resilience and the irreplaceable magic of live performance. 🎤🎉 #LiveEntertainment #PostPandemic #TheaterRevival #Concerts #Festivals #PerformingArts #EntertainmentIndustry https://lnkd.in/dWTm76ui

Get Coldplay or Get Played: The Chaotic World of Indian Concert Business. September was a sweet surprise to all the Indian Coldplay fans as their favourite band announced their “Music of the Spheres World Tour 2025” concert in DY Patel Stadium in Mumbai after an 8 years long hiatus. As the ticket sales commenced so did the chaos as millions rushed to secure seats for the limited number of shows. The tickets were sold out in minutes and the overwhelming demand led to system crashes, slow responses and massive public frustration. Book My Show the main ticket-selling partner for the January show was accused of scalping ticket prices and black marketing. Their app also crashed due to the massive influx of buyers. Netizens did not fail to point out a similar incident when Book My Show sold tickets to the Cricket World Cup last year and the internet got its fair share of memes trolling the platform. To make matters worse people also got scammed and lost lakhs of rupees to online fraudsters. Such situations make us wonder if concert, a booming business is ready to scale up to meet its demand in India. Allegations of unethical practices and technical failures tarnished the overall customer experience and revealed the struggles of India’s concert business, yet also showed us the immense potential for growth considering the sheer number of people willing to purchase concert tickets. India’s high demand for concerts often overwhelms ticketing platforms, causing system glitches and delays. Better handling of ticket sales through more robust digital infrastructure, anti-scalping technology, and transparent systems could create a smoother customer experience. India lacks enough large-capacity venues to cater to global acts, forcing limited shows in only a few cities. Building more high-quality venues across cities can spread concert traffic and reduce the load on popular destinations like Mumbai. Despite its current struggles, India’s growing entertainment sector holds immense potential for the concert business. As demand for international artists continues to rise, there is an opportunity for businesses to innovate and make large-scale events more accessible and enjoyable for fans across the country.

Summer concert season Maybe the show must not go on. As summer concert season heats up, major acts on the arena circuit like Porter Robinson and Charli XCX are seeing sales massively underperform. Recently, rock group the Black Keys canceled its tour entirely. So what gives? The Undersold Mystery Tour Concert ticket sales had a massive 2023, as fans of Taylor Swift and Beyoncé shelled out big bucks to see the massive pop sensations live. In fact, Live Nation, the Ticketmaster parent company that’s in an antitrust fight with the Department of Justice, reported its biggest year ever, with revenue exceeding $22 billion. But this year hasn’t exactly proven to be an encore. While Live Nation recently told The New York Times that ticket sales are actually up through June compared to last year, a closer look at some major tours tells a different story. Justin Timberlake’s arena tour has seen many resale tickets slip below face value, and rapper Future’s opening show in Kansas City in July is far from sold out. Ditto the Charli XCX/Troye Sivan joint arena tour. Coachella, typically an instant sellout, had tickets available for its second weekend. Jennifer Lopez canceled an arena tour that had soft sales though family issues were cited as the major reason. Why is live suddenly dead? Well, theories abound: One idea is that too many acts became overambitious in choosing venues after last year’s marquee tours. In an expletive-laden tweet, Black Keys drummer Patrick Carney implied the group was given bad advice when it agreed to an arena tour; it’s since parted ways with its two managers (one of whom is a former Ticketmaster CEO), and announced a more “intimate” (read: small venue) tour to come. Another theory is that too many acts are touring at once, thanks to the streaming era flipping the nature of concert and record sales (records are now marketing for tours, not vice versa). One more leading theory is that last year’s “funflation” economy has simply passed, with fewer consumers willing to pay high prices. Playing the Consumer Blues: It’s difficult to overlook the impact of Live Nation and Ticketmaster as a major factor. The Justice Department alleges Live Nation has a stranglehold on both ticket sales and music venues, possibly allowing it to push acts into trying to sell bigger and more expensive shows. “It’s just pure greed,” one anonymous veteran booking agent recently told Stereogum. “Live Nation needs to fill these big rooms, so they make aggressive offers and then the agents and managers take them.” The good news for anyone who didn’t spend an entire paycheck on Taylor Swift last year? That same money could get you into several poorly selling shows this summer. Written by Brian Boyle

Why not? "Surge prices for concerts, shows? Fans irked as dynamic pricing creeps into S'pore ticket sales" "Theatregoers to the Hamilton musical in Singapore, as well as fans of Icelandic jazz-pop singer Laufey due to perform in September here, were surprised to hear that their events would be priced based on demand Dynamic pricing for entertainment events has been a hotly debated issue elsewhere, such as in the US If this becomes a norm in Singapore, fans said they fear that ticket prices will skyrocket But economists say dynamic pricing is an equitable way to price concert tickets which have been "traditionally underpriced" “Dynamic pricing is about capturing more value for the artist at the initial on-sale, versus that value going to people reselling tickets on the secondary market,” Ticketmaster spokesperson said to US news outlets. In essence, this means the premium that fans are willing to pay for resold tickets goes to the artists, organisers and promoters directly, rather than to the scalpers." Why the surprise? These are not charities. These are companies trying to make a profit. If people wish to pay then that's the law of the business. To try and control it is to become socialist or communist and not live in the real world. Fans surely can't be susprised that concert promoters want to maximise their profits and one way to do this just like hotels and airlines do is by surge pricing. This is the market economy, supply and demand. Fans who complain have been living in a naive world ful of entitlement and getting their own way! I rarely have this problem and most of the metal bands I like are not popular enough with the mainstream to need to even use surge pricing! They would be so lucky! "Economists told TODAY that dynamic pricing takes into account several factors — supply, demand, time of day and location. In some industries, like ride-hailing services, the weather might also play a factor. Like others around the world, dynamic pricing is seen by economists as the most "equitable" way to price entertainment event tickets. "Historically, entertainment event tickets like sporting events and concerts have been underpriced,". "This is because they fear not being able to sell out. There's also publicity if people queue for tickets and fans feel appreciated." By using dynamic pricing, companies can streamline their offerings according to market demand, allowing them to maximise profits. In an ideal sense, dynamic pricing would also allow consumers to benefit as prices are lower due to low demand. This helps ensure tickets are not outpriced and seats are left empty." What do you think? Is surge pricing for concerts justified? If you’re an entrepreneur and would like help finding new clients our Ultimate LinkedIn marketing and personal branding services can do this for you, details here : https://lnkd.in/dqWRi6EZ https://lnkd.in/gvX3CWWZ

Melbourne has more concerts a year than anywhere else on the planet! 62,000!!! Yes that's right Melbourne has 62,000 concerts a year! They also have more purpose built concert venues too! (Not churches, casinos, shopping malls or exhibition halls.....converted to become poor man imitations of concert venues...here's looking at you Singapore!). Melbourne truly is the place to come for live music of all kinds. It also wisely caters for all levels of concerts. Therefore it attracts more concerts. It's not rocket science. Build it and they will come. If you don't they will just go elsewhere! (Hint hint Singapore!). So Melbourne has smaller standing venues like the Forum, Palais, Festival Hall, Arts centre, all of which can be seated or standing and fit 2-3,000 people. Then it has Margaret Court which is 5-7,500 capacity depending on seating or standing. Then it has John Cain which is 11,000 capacity. Then it's up to Rod Laver which is 14-18,000 capacity. Then it has outdoor venues like the racecourse ground which is 30,000 capacity. Then we go to the stadiums with the Docklands/Marvel one at 56,000 Then we're up to the big daddy, the MCG with it's immense 108,000 capacity So basically a promoter will not lose money here if they know their market and can go to the level that they think that they can sell out. They can always upgrade or downgrade as many bands do from John Cain to Rod Laver or Margaret Court or vice versa depending on how ticket sales are going. This makes Melbourne the most attractive place on earth for concert promoters and fans alike. Singapore has a larger population, as much money and the space to do this too, they just choose not to because they don't understand the concert market. Singapore is building a 14,000 and 18,000 Arena to go along with our 12,000 arena which will be demolished and 55,000 acoustic free Stadium. Spot the gap in the market! Um, any standing venues under 14,000! Any actual purpose built concert venue 1,000 to 12,000! Promoters have to risk millions of dollars to book our venues whereas in Melbourne they have a sensible commercial strategy to cater for all acts of all sizes so funnily enough they get all the acts! And they do NOT have to pay people like Taylor Swift to play in Melbourne. Build it and they will come! What do you think? If you’re an entrepreneur and would like help finding new clients our Ultimate and Ultimate LITE LinkedIn marketing and personal branding services can do this for you, details are here on this LinkedIn SmartLink: https://lnkd.in/dqWRi6EZ

With Coldplay announcing their next concert in Mumbai, getting a ticket will be a challenge! Let’s break down the odds using a mix of logic, assumptions, and some guesstimate magic! 🧮 1. Mumbai Population & Target Age Group 🎯 Mumbai has an estimated population of 22 million. Coldplay has a large fan base among younger people, In Mumbai, 30% of the population falls 18-35 age group, which equals around 6.6 million people. 2. Who’s Likely to Try for Tickets? Realistically not everyone in this age group will try to attend. But, since Mumbai residents don’t need to travel far for the event, we estimate that 2% of the 18-35 age group will actually make an attempt to grab tickets. • 6.6 million people×0.02 = 132,000 people 3. Outstation Fans – Coldplay Diehards from Other Cities 🚉 We estimate that around 50,000 outstation fans will also try to book tickets for the Mumbai concert. So now, the total number of people trying to get tickets is: • 132,000 Mumbai fans+50,000 outstation fans=182,000 people. 4. Multiple Devices/Accounts: 📱💻 To increase their chances of success people will use multiple devices, or even multiple accounts. We can assume 20% of these attendees will use multiple methods to book. So, adjusting for this factor: • 182,000 people×1.20 = 218,400 total booking attempts. 5. Non-fans Tagging Along: 👥 There’s always a group of people who aren’t necessarily fans but go along with their friends or partners. Let’s assume around 10,000 non-fans will also attempt to book tickets. So, the total number of booking attempts becomes: • 218,400+10,000 = 228,400 attempts 6. Technical Glitches: The Internet Strikes Back 🌐⚡ Of course, not every booking attempt will go smoothly. Some people will face technical issues—bad internet connections, slow payment gateways, etc. Based on previous events, we estimate that 5% of booking attempts will fail due to such technical glitches. This reduces the effective number of successful booking attempts to: For 228,400 total attempts: • 228,400×0.95 = 216,980 successful attempts 7. Ticket Availability: How Many Are Up for Grabs? 🎫 Now, let’s consider the number of tickets actually available. Let’s assume the concert venue has a capacity of around 50,000 tickets that are open for public sale. That means there will be 50,000 tickets up for grabs among all those attempting to book. ➡ Final Odds of Securing a Ticket Now, let’s calculate the odds of actually getting a ticket based on the total number of successful booking attempts: Lower estimate (with 10,000 non-fans): • 50,000 / 216,980 ≈1 in 4.34 ➼ Conclusion: What Are Your Chances? Given the immense demand, booking attempts, and potential technical hiccups, your odds of getting a ticket to the Coldplay concert in Mumbai are about 1 in 4.3, or roughly a 23% chance. While these odds might seem challenging, it’s not impossible! Make sure you’re prepared, have your devices ready, and give yourself the best shot. Good luck, and see you at the concert! 🎶✨