Music Concerts and Festivals – UK – August 2013 At Researchmoz
Restored from the Empower Network archive (2011–2017), lightly edited to meet our current advertising standards. Views are the original author’s.
Researchmoz presents this most up-to-date research on”Music Concerts and Festivals – UK – August 2013″.The report focuses primarily on quantitative market metrics in order to characterize the growth and evolution of the Remote Patient Monitoring Market.
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In the longer term, it is easy to see how, if a promoter is able to set up a transactional website to take crowdfunded pledges of payment, they could bypass the ticketing agents and having to pay a cut to them, potentially increasing their revenues and profitability as a result.
TABLE OF CONTENT
Introduction
Definition
Abbreviations
Executive Summary
The market
Figure 1: UK music concerts and festivals market, 2008-18
Market drivers
Figure 2: Attendance at NAA member venues*, by quarter, 2012
Companies, brands and innovation
Figure 3: Leading music concert and festival operators, ranked by turnover*, 2012
The consumer
Rock, pop and classical genres dominate
Figure 4: Music concert and festival visiting habits, June 2013
Theatres/concert halls are the most popular music venues
Figure 5: Venues where people have paid to see live music performed in either 2012 or 2013, June 2013
Traditional and new media help to broaden exposure for live music
Figure 6: Interest in accessing music concerts and festivals content, June 2013
Sanitation challenges line-up as main factor influencing festival choice
Figure 7: Most important factors influencing decision whether or not to attend a music festival, June 2013
Ticket pricing and distribution are biggest issues for consumers
Figure 8: Attitudes towards music concerts and festivals, June 2013
Opportunities for other types of leisure venue to host live music?
Figure 9: Usage of leisure time, June 2013
What we think
Issues in the Market
How can technology be utilised to help create opportunities for promoters?
What can artists and promoters do to help counter inflated secondary ticket values?
What is the potential for adopting cashless payment at events?
Where are the main opportunities for live music promoters to develop additional revenue streams from live music?
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Trend Application
Trend: Extend My Brand
Trend: Help Me Help Myself
Mintel Futures: Old Gold
Market Drivers
Key points
Pressure on arenas sector exacerbated by Olympics
Figure 10: Music performances and attendances and NAA member venues*, 2008-12
Olympic supply and demand factors also impact market
Winter peaks and summer troughs
Figure 11: Attendance at NAA member venues*, by quarter, 2012
Pop, rock and classical account for bulk of arena admissions
Figure 12: Performances and attendance at NAA member venues*, by genre, 2012
Fans prepared to pay whatever it takes to see their favourite artists
Figure 13: Average music performance ticket prices at NAA member venues*, 2011 and 2012
Ticket fraud continues to be a problem
Live Music Act set to boost grass-roots music
Central government funding declines in real terms
Figure 14: Major Arts Council-funded classical projects, 2012/13-2014/15
Figure 15: Major Arts Council-funded jazz projects, 2012/13-2014/15
Incomes being squeezed
Figure 16: Trends in inflation and average weekly earnings, January 2007-April 2013
Unemployment continues to be a worry
Figure 17: Trends in unemployment rate, Q1 2008-Q1 2013
Figure 18: Unemployment rate*, by age band, Q1 2013
Weakness of Pound makes bringing foreign acts more expensive
Figure 19: Sterling exchange rates, 2008 -13
Live more important than recorded music in revenue terms
Figure 20: Live versus recorded music revenue trends, 2008-12
US market outperforms UK
Figure 21: Performance of US live music market* in first six months of year, 2008-12
Who’s Innovating?
Key points
Ticketing
AEG aims to hit back at touts
Maiden goes paperless in anti-touting measure
The Ticket Factory launches integrated Facebook app
Eventbrite integrates ‘Buy tickets’ button for Facebook events
StubHub offers last-minute pop-up facilities
Contactless payments
Barclaycard encourages PayBand use with perks
IoW Festival expands cashless experiment with MasterCard
Coldplay use wristbands to improve audience engagement
Gig curation/generation
Detour aims to take the risk out of promoting
Off Axis Network looks to establish ‘gig-swap’ system
Market Size and Forecast
Key points
Olympic effect and no Take That tour hits 2012 revenues
Figure 22: UK music concerts and festivals market size trends, 2008-18
Forecast
Figure 23: Forecast UK music concerts and festivals market value, 2008-18
Segment Performance
Key points
Tickets account for majority of industry revenues
Figure 24: UK music concerts and festivals market, by segment, 2008-12
Concerts
Festivals
Figure 25: Major UK music festivals, 2013
Independent festivals see average spend fall
Market Share
Key points
Live Nation is dominant force in UK live music
Figure 26: Leading music concert and festival operators, ranked by turnover, 2012
Companies and Products
Live Nation
Live Nation (Music) UK
Figure 27: Live Nation (Music) UK Ltd, key financials, 2008-12
LN-Gaiety Holdings
Figure 28: LN-Gaiety Holdings Ltd, key financials, 2007-11
Academy Music Group
Figure 29: Academy Music Holdings Ltd, key financials, 2008-12
Festival Republic
Figure 30: Festival Republic Ltd, key financials, 2008-12
SJM Concerts and Metropolis Music
Figure 31: SJM Ltd, key financials, 2007-11
Figure 32: Metropolis Music (Scriptograph Ltd), key financials, 2008-12
Anschutz Entertainment Group (AEG)
Figure 33: AEG Live (UK) Ltd, key financials, 2007-11
Marshall Arts
Figure 34: Marshall Arts Ltd, key financials, 2007-11
Glastonbury Festival
Figure 35: Glastonbury Festival Ltd, key financials, 2008-11
MAMA & Company
Figure 36: MAMA Group Ltd, turnover of key subsidiaries, 2011/12
Raymond Gubbay
Figure 37: Raymond Gubbay Ltd, key financials, 2008-12
Brand Communication and Promotion
Key points
Market leader Live Nation is leading advertiser too
Figure 38: Leading promoters’ main media advertising spend, 2012
Figure 39: Main media advertising spend on leading artists, 2012
Social media grows in importance
Figure 40: Facebook likes and Twitter followers of leading music concert and festival companies, August 2013
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