Billboard gives a mid-year concert update
In general, the North American touring industry is maintaining a healthy pace. Gross dollars for January-June of 2006 are up 24.6% from the same period last year, driven mostly by the tours cited above. With attendance up just 5.4%, high ticket prices have helped boost the increase.
Worldwide, revenue is up 13.3% and attendance up 2%.
We've talked about concert pricing a lot recently. (Go here
, and here
or visit our good friend Bryce here
). It's become commonplace to assign the blame for the increase in concert ticket prices to file sharing and a decline in CD sales. As I've argued in those previous posts, I don't think that argument holds water and instead, I blame eBay and the like
. But there's no doubt that prices are rising.