State of the Concert Industry in 2022 (2023)

State of the Concert Industry in 2022 (1)

Live music in 2020 was a tsunami of fear and confusion that swept the entire business to the sea. 2021 was a much-needed lifeboat, but it's still shaky at the end of the year.

"As things got better and vaccines started reaching 60% of the population, I heard things like, 'Wow, this is going to be the biggest renaissance in entertainment history,'" said Randy Phillips, former CEO of AEG Live, which produced Kanye. . The concert that ignited the feud between West and Drake last week at the L.A. Coliseum. “But there is also a hidden danger in these numbers. Sales for many stadium shows have been weak, and that's because people are still not rushing in. Apply Omicron and I'm still cautious."

The live industry had gone utter obscurity for a year and a half: beloved venues closed, crews lost their livelihoods and artists feared for their careers. The concerts were unofficially revived in May when the Los Angeles Philharmonic performed a comeback show for essential workers at the Hollywood Bowl. Then came outdoor festivals, indoor dance clubs, and long-overdue stadium dates.

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2021 was supposed to be an exciting return, and in many ways it was. At the end of the year, live music is definitely making a comeback, but not without caution.

The Delta Wave has significantly changed the feeling that COVID-19 is behind us. Venues have quickly adapted to rapidly changing rules and best practices around vaccination regulations, mask guidelines and a loss of public confidence.

"The live music industry has clearly suffered during COVID-19," said Scott Clayton, co-head of global music at United Talent Agency. “With the advent of vaccination, we finally saw the light of day, but getting back to life was still a difficult road. A positive test can ruin a whole tour."
"The live business is generally very healthy," Clayton continued. “There is no substitute for the community experience of live performances and there is a huge demand from fans to see their favorite artists perform. That being said, there are still concerns about the variants and the number of people who remain unvaccinated."

But after the euphoria of the summer, the concert industry is slowing down He was dealing with the Omicron variant, which appears to be even more contagious than Delta and could once again hurt the live music business.

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"The live business is as healthy as ever when shows can be performed safely," said Ray Waddell, president of Oak View Group, parent company of live business trade publication Pollstar. “This year we have seen that people are willing to put up with a lot of inconvenience just to be able to see shows. We'll have to wait and see how long this will last."

At least on paper, the return to the stage is already in full swing. Pollstar's end of the year darling Tracking a global concert industry that recovered to $1.34 billion in the final quarter of the year from $18.9 million in gross sales in the first quarter. Tours with the Rolling Stones, Los Bukis reunited, Harry Styles and the Hella Mega package tour by Green Day, Fall Out Boy and Weezer attracted large numbers of visitors from summer to winter.

State of the Concert Industry in 2022 (2)

Based on statistics from the end of 2021, Pollstar expects the top 100 tours of 2022 to sell around 65 million tickets, which would even put them 12% ahead of the unexpected 2019. Adele's next Las Vegas residency is breaking records.

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“After the huge losses of 2020, the industry has no desire for another shutdown. There would be extreme resistance to that,” Waddell said. “So much work is planned that there is a very real shortage of equipment, manpower, transportation and available appointments.Even beyond the economy, I feel like there's a renewed respect for the value of things that are live, from the fans to the artists to those who work in the business."

But fans and artists remain cautious. Stevie Nicks has canceled his 2021 dates amid fears of a surge in the pandemic. Live Nation stock, which has rebounded from 2020 lows, has erased most of its fall 2021 gains in the past month alone. NBA game cancellations, a somber echo of 2020's chaos, are once again terrifying indoor viewers. Some concerts, particularly by boomer-friendly acts, have experienced no-shows from suspicious ticket holders, up to 20% in some cases.

Outdoor festivals are a bright spot, though Randy Phillips, former CEO of AEG Live worried that "people just won't be rushing back to theaters. That hints at where we are at shows in stadiums and smaller venues. I don't see the box office strength and staying power for many mainstream artists.
"I understand why festivals thrive because there's space outside," he continued. “But in the UK they are starting to see new restrictions. Even if lockdowns are not on the agenda again, there are fears that this will slow growth and it will take a while before consumer confidence is restored."
While the Delta Wave initially paused fans and promoters in anticipation of a Summer of Love-style rave, outdoor festivals like Lollapalooza and HARD Summer proved relatively safe environments for fans to unwind. However, plane-as-you-fly-it is a sort of scramble for acts to secure tour dates.
"We had to change the appointments three or four times," said Lindqvist from Rüfüs Du Sol. "It was really a challenge to lock down outdoor venues when twice as many bands were coming out." The band required vaccinations and masks for their crew. "I can't imagine how much juggling our tour and production managers required," he said.
"The logistical challenges of touring during this pandemic have been tremendous," agreed UTA's Clayton. “We all discovered security protocols for the first time. It was very difficult for promoters to recruit enough stagehands and event staff, and these problems were compounded with tours that required vaccinations."

After two years, when even industry giants like Coachella capitulated to the weekly evolving threats of COVID (now scheduled to return in April 2022) , new events such as Goldenvoice's This Ain't No Picnic and the opening edition of Primavera Sound de Barcelona in Los Angeles are planned for next year.

State of the Concert Industry in 2022 (3)

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"Relief, that would be the right word," said Alfonso Lanza, co-director of Primavera Sound, which will make its long-delayed Los Angeles debut in September at the Los Angeles State Historic Park in Chinatown, with performances by Lorde, Nine Inch Nails and monkeys arctic. “We tried 2019, then 2020, then 2021 and finally it looks like 2022 will be our year.

For local acts waiting out the pandemic while popular independent venues closed or lost staff, many in the scene desperately sought work elsewhere or reinvented their artistic futures.

State of the Concert Industry in 2022 (4)

The new year of live music likely won't be completely pandemic-free or as bad and uncertain as the past two years have been. Omicron is almost guaranteed to bring a new wave to the US; However, vaccine boosters and new drugs could keep it alive for the industry. Few in industry or government seem eager to reintroduce lockdowns on live events.

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Nobody in live music is under any illusions about the possibility of things going crazy. But even the grizzled promoters leave 2021 with some reason to be optimistic about the year ahead.

“We will have to adapt to any measure, but the feeling is almost normal. Big festivals have taken place across the States. Maybe by our festival in September it will be totally normal," said Lanza of Primavera Sound. "We're human, we've gone two years without a live experience and nothing replaces that."
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FAQs

What is the current state of the music industry? ›

Music industry revenues have held up relatively well compared to other industries during the COVID-19 pandemic. The growth of digital streaming has allowed consumers to access and enjoy music regardless of social distancing restrictions.

What are the current trends in the music industry? ›

Music Trends 2022: Eight industry trends to look out for this...
  • #1 – Millennials Will Drive Demand For Gigs. ...
  • #2 – The Return Of The Corner Pub. ...
  • #3 – New Ways To Find New Music. ...
  • #4 – NFTs To Go Mainstream. ...
  • #5 – Higher Concert Prices. ...
  • #6 – TikTok Will Grow Despite Copycats. ...
  • #7 – Songs Will Become More Upbeat And Colourful.
12 Jan 2022

Why is the concert important? ›

Concerts are a bonding experience, and can bring people of different cultures and backgrounds together peacefully. No matter where you come from, once you walk through those venue doors everyone surrounding you is there for the same reason.

How the music industry is changing? ›

With the advent of streaming services and digital downloads, music is now more accessible. As a result, artists are no longer reliant on record labels to distribute their music. In addition, social media has created a direct link between artists and fans, further diminishing the need for record labels.

What will happen to the music industry in 2022? ›

Digital music distribution and white-label distribution platforms take the lead: While physical formats like vinyl records have experienced a revival during the past 12 months, 2022 is going to be the year where music distribution through digital channels will consolidate.

What is the most popular genre of music 2022? ›

Mid-Year 2022: Hip-Hop's Still the Top Genre But Latin & World Music Are Making Gains. "Encanto," Bad Bunny and K-Pop fueled surges for different genres, though the established order remains in place.

What are the trends in music 2022? ›

These are only a few of the biggest music marketing trends of 2022.
...
The decline in revenue is felt throughout the whole music industry.
  • TikTok & Instagram Reels. ...
  • Music NFTs. ...
  • Online experiences & tools. ...
  • Social media is changing. ...
  • Live streaming.

What is the future for music? ›

The future of music will most likely follow the same trends we are seeing in modern technology. It will be incredibly social similar to social media, it will become increasingly computer-based and A.I.

What challenges are the music industry facing? ›

Spurred by the advent of digital downloading, the music industry entered into crisis mode, with sales tanking, especially in regards to hip-hop.
  • New Ways to Discover Musicians' Presence Online. ...
  • The Future is Visual; The Future is Digital. ...
  • Live Music is Experienced Less. ...
  • The AI Revolution.
17 Jan 2022

Do concerts help the economy? ›

Along with the dollars spent within the festival gates, music festivals generally create a boom in spending within the host town. Gas stations, shops, restaurants, bars, hotels, and even parking meters are some of the many things that see an increase in spending when a music festival is taking place nearby.

How do concerts benefit? ›

To figure out what works for you:
  1. Select The Beneficiary. ...
  2. Think About Your Audience. ...
  3. Determine When and Where Your Benefit Will Take Place. ...
  4. Calculate Expenses. ...
  5. Set Goals. ...
  6. Think About Extras. ...
  7. Publicize the Event, the Beneficiary, and Yourself.

What is the full meaning of concert? ›

1. a public musical performance in which a number of singers or instrumentalists, or both, participate. 2. a public performance, usually by an individual singer, instrumentalist, or the like; recital. The violinist has given concerts all over the world.

Is music Losing Popularity? ›

It's becoming statistically less popular among all demographic groups. Looking at the United States, the metric known as “Total Album Consumption” of “current music fell by 1.4 per cent in the first half of 2022 compared to a year ago.

Is the music industry growing or shrinking? ›

82.1 million Americans have paid streaming subscriptions. From 2021 to 2026, the global music industry is expected to see a CAGR of 8.5%.
...
Global physical music sales earned $7.6 billion in revenue in 2012 and $5 billion in 2021.
YearAnnual Revenue
2017$5.2 billion
2018$4.7 billion
2019$4.5 billion
2020$4.3 billion
5 more rows
23 May 2022

Will the music industry survive? ›

In general, the music industry of 2021 will likely have some resemblance to that of last year. Artists, companies, and social media will continue finding ways to survive and thrive without relying on live performances and by leveraging the world's dependence on remote technology for communication and entertainment.

Are musicians declining? ›

"According to BLS [Bureau of Labor Statistics] data from the Federal government, the number of people who self describe themselves as musicians has declined since 1999 by 41 percent.

Is music a good career in the future? ›

Music is a great area where one can hear both name and fame if they are talented and the will of doing hard work. The initial years in this field might be challenging, but with experience, good exposure, and platform, one can reach massive heights in this field.

How is the music industry growing? ›

According to Citigroup, this growth is primarily driven by the surge of performance royalties, connected to the rise of streaming. Summarizing the cash flows of recording, live and publishing segments, total revenue of the U.S. industry can be put at around $20 billion.

Who is the number one music artist in 2022? ›

Justin Bieber takes the top spot, with millions of followers across socials and billions of plays on streaming services. The most popular female artist currently goes to Taylor Swift, while BTS are unsurprisingly the most popular band. Any surprises here amongst the most popular artists in 2022?

Who has the best music in the world 2022? ›

Global Top 50 | 2022 Hits
  • I'm Good (Blue)David Guetta, Bebe Rexha.
  • Miss YouOliver Tree, Robin Schulz.
  • Bad HabitsEd Sheeran.
  • Unholy (feat. Kim Petras)Sam Smith, Kim Petras.
  • 2 Be Loved (Am I Ready)Lizzo.
  • 10:35Tiësto, Tate McRae.
  • Anti-HeroTaylor Swift.
  • LoserCharlie Puth.

Who Has the Best music 2022? ›

The 25 Best Songs of 2022 (So Far)
  • Taylor Swift, “Sweet Nothing” TaylorSwiftVEVO. ...
  • Steve Lacey, “Bad Habit” Dan Music. ...
  • Rihanna, “Lift Me Up” RihannaVEVO. ...
  • Maggie Lindeman, “She Knows It” MaggieLindemannVEVO. ...
  • 1975, “About You” The1975VEVO. ...
  • Sam Smith & Kim Petras, “Unholy” ...
  • Flo Milli, “Conceited” ...
  • King Princess, “For My Friends”
2 Nov 2022

How much is the music industry worth 2022? ›

U.S. recorded music revenues in the first half of 2022 rose 9% to $7.7 billion at estimated retail value, building on the strong growth experienced the prior year.

Is the music industry booming? ›

In just the past few months, we've seen reports from music industry analysts that the recorded music business will grow explosively by 2030. Goldman Sachs, for example, predicts $80 billion in annual revenue. According to the IFPI, the global recorded biz was worth just under $26 billion in 2021.

What musicians are in demand? ›

12 Musical Instruments That Lead to In-Demand Careers
  • Electric Bass. Many people assume that playing bass is easy if you already know how to play guitar, but playing bass well is easier said than done. ...
  • Drums. ...
  • Keyboards. ...
  • Oboe. ...
  • Bassoon. ...
  • Violin. ...
  • Viola. ...
  • Double Bass.
26 Nov 2019

Why is the music industry so hard to get into? ›

A lack of skills, or a lack of the right type of skills, is one of the greatest barriers of entry into the music industry. You aren't going to get hired at a commercial recording studio if you don't know the first thing about recording music.

What are the 4 main areas of the music industry? ›

Key Takeaways

Currently, the four major record labels (known as the Big Four) are EMI, Sony Music Entertainment, Universal Music Group, and Warner Music Group. Indie record labels are smaller labels that operate without financial assistance from the Big Four and typically produce less commercially viable music.

Why is the music industry so saturated? ›

The music production industry has always been oversaturated with too many talented producers, singers, and artists that are making quality music. On the flipside, Too many people hoping to get famous quickly or simply wanting easy money also has led to an oversaturation as well.

Do concerts make people happy? ›

Science!

The co-author of the study, Melissa Weinberg, pointed at that concert-going and dancing correlated with happiness more than more passive forms of engagement, such as simply listening to music.

Do concerts relieve stress? ›

Studies show that live concerts reduce the release of cortisol, the stress hormone which controls our body's responses to stress (sustained spikes in cortisol are linked to heart disease and diabetes). Researchers also noticed that participants had reduced blood pressure and heart rate after experiencing live music.

How do concerts affect the economy? ›

The study also found that concerts generate $55.2 billion in direct spending each year in the U.S., including venue operational spending covering show production costs and concert attendee before- and after-show spending, bringing in nearly $9.3 billion in federal and $8.3 billion in state and local tax revenues.

How do you attract people to a concert? ›

How To Promote A Concert (15 Ways To Get Fans To Your Music Show)
  1. Make Your Show So Good, People Are Scared To Miss It.
  2. Post Videos Of You Performing.
  3. Post Engaging Content On Social Media Platforms.
  4. Promote Future Live Events At Your Concerts.
  5. Print And Distribute Physical Flyers & Posters.
  6. Local Online Gig Listings.
25 Feb 2022

Why people love live concerts? ›

The great synchronizer

Because of the pleasurable effect of being synchronized with people around you, the emotional satisfaction you get from listening or watching online is fundamentally different from going to a live performance. At a concert, you can see and feel other bodies around you.

What types of concerts are there? ›

Eight Different Types Of Classical Concerts
  • Choral Music Concert. A choral music concert is performed by a group of singers or a choir. ...
  • Chamber Concerts. ...
  • Chamber Orchestra Concerts. ...
  • Children's Concert. ...
  • Opera Concert. ...
  • Recitals Concert. ...
  • Symphony Orchestra Concert.
30 Sept 2022

What's another word for concerts? ›

synonyms for concert
  • gig.
  • musical.
  • recital.
  • show.
  • selections.
  • jam session.
  • musicale.
  • rockfest.

What are the two types of concert? ›

Here are the most common types of concerts:
  • Chamber Orchestra Concerts. Hill Street Studios / Getty Images. ...
  • Children's or Family Concerts. Hill Street Studios / Getty Images. ...
  • Choral Music Concerts. JoseGirarte / Getty Images. ...
  • Concert Band Concerts. ...
  • Opera. ...
  • Recitals. ...
  • Symphony or Philharmonic Orchestra Concerts.
20 Jun 2018

Is music declining in quality? ›

Due to the technology of compression, loudness is now being manipulated so that even the quietest parts of the song match the loudest parts, which actually create a very mumbled and muddled sound with less vibrancy and dynamics. So in conclusion, music now sounds all the same and the quality is drastically declining.

Is the music industry shrinking? ›

Old songs now represent 70 percent of the U.S. music market. Even worse: The new-music market is actually shrinking. Updated at 5:20 p.m. ET on January 31, 2022. Old songs now represent 70 percent of the U.S. music market, according to the latest numbers from MRC Data, a music-analytics firm.

What is the future of music? ›

The future of music will most likely follow the same trends we are seeing in modern technology. It will be incredibly social similar to social media, it will become increasingly computer-based and A.I.

What is the biggest problem the music industry is facing? ›

Industry monopolies and unethical paid promotions make it hard for independent musician to sustain their career. It's a vicious game of chance and some musicians practice unethical promotion tactics to get ahead. These industry monopolies undermine a free market and make it even more difficult for independent artists.

Why do so many musicians quit? ›

Burnout, disillusionment, boredom – there are lots of reasons why people leave the music business.

Why is pop music declining? ›

A lack of blockbuster releases is potentially contributing to the decline in current music consumption. Over twenty fewer albums from the first half of 2022 debuted on the Billboard 200 chart compared to the same period in 2021.

Are more musicians leaving Spotify? ›

As controversy mounts around the streaming giant, more and more artists want out. But for various reasons—licensing, money, PR pressure—it's tougher than expected. As controversy continues to circle around Spotify, more and more artists want their music removed from the platform.

Why do musicians make less money now? ›

The music industry has always made more money for record labels than it has artists. And now that streaming is the main way that many of us consume music, there's even less money left for musicians. Streaming services such as Apple Music and Spotify make money from subscription fees and advertising.

Which is the No 1 music industry in the world? ›

The United States has remained the biggest market for recorded music in IFPI history, except in 2010 when Japan topped the list. The largest Asian music market, Japan has always stayed within the top two.

Where is the biggest music industry? ›

The United States Of America

America, unsurprisingly, has the biggest music industry in the world.

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