$35.7bn
$X.Xbn
202k
88,405
$X.Xbn
Concert and event promoters produce, advertise and manage a variety of live events and performances, including concerts, sporting events and public appearances. During the last few years, industry revenue has experienced significant growth. Positive economic expansion fueled consumer discretionary purchases on live events and related performances. In 2020, the outbreak of COVID-19 led to over 47.0% revenue decline, creating an unprecedented disruption for the industry. In the latter half of 2021, the easing of COVID-19 restrictions boosted demand for live events, leading to a year of record-level recovery. This recovery wasn't strong enough however, and revenue ultimately fell at a CAGR of 3.2% over the last five years, totaling $35.7 billion.
Industry revenue has declined at a CAGR of 3.2 % over the past five years, to reach an estimated $35.7bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Live Nation Entertainment, Inc. | 11,743.7 | 550.4 | 4.7 | |
Anschutz Corp | 8,429.9 | 694.3 | 8.2 | |
LiveStyle Inc. | 108.8 | 9.0 | 8.2 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Admission to live performing arts events, Admission to sporting events and Contracted live performances. Admission to live performing arts events is the largest segment of the Concert & Event Promotion in the US.
Admission to live performing arts events has increased in line with consumers' growing use of the internet as a tool for music discovery
This industry creates, manages and promotes live performances and events, ranging from concerts and theater performances to state fairs and air shows. Some promoters lease space from stadium-, arena- and theater-owners, while others own and operate venues.
Purchase this report to view all 4 major companies in this industry.
NAICS 711310 - Concert & Event Promotion in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Demand for live events has skyrocketed since COVID-19 lockdown measures ceased. This pent-up demand led to a strong recovery, from falling over 47.0% in revenue in 2020 and t...
Learn about an industry's products and services, markets and trends in international trade.
The internet has become a powerful tool for music discovery. The expansion of social media trends and the introduction of new platforms have benefitted promotors as consumers...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Location is often determined by conditions like climate and consumer demand. If located in a state with a warm climate, a venue can hold outdoor concerts year-round.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Fragmentation plays a big role in market concentration. There's a low level of market share concentration as there are many small players serving localized markets.
Learn about the performance of the top companies in the industry.
There is a low level of fragmentation in concert and event promotion. Through mergers and acquisitions, one company - Live Nation - has managed to capture 51.8% of the market...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The Save Our Stages Act was a US federal law passed in December 2020 as part of the COVID-19 relief package. It helped support full-time and part-time employees of the indust...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Wages can fluctuate from season to season, depending on the region and number of staff. A labor shortage has affected the industry, causing wage costs to dip.
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Concert & Event Promotion in the US industry in United States is $35.7bn in 2024.
There are 88,405 businesses in the Concert & Event Promotion in the US industry in United States, which has grown at a CAGR of 3.1 % between 2019 and 2024.
The market size of the Concert & Event Promotion in the US industry in United States has been declining at a CAGR of 3.2 % between 2019 and 2024.
Over the next five years, the Concert & Event Promotion in the US industry in United States is expected to grow.
The biggest companies operating in the Concert & Event Promotion market in United States are Live Nation Entertainment, Inc., Anschutz Corp and LiveStyle Inc.
Managing venues (e.g. arenas, amphitheaters, clubs and stadiums) and Booking talent, including musicians and performers, for events are part of the Concert & Event Promotion in the US industry.
The company holding the most market share in United States is Live Nation Entertainment, Inc..
The level of competition is moderate and steady in the Concert & Event Promotion in the US industry in United States.