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Music Concerts and Festivals - UK - August 2015

Published By :

Mintel

Published Date : Aug 2015

Category :

Lifestyle

No. of Pages : N/A

The UK live music industry has continued to grow during the past five years, despite the tough prevailing economic environment. Despite steadily rising prices, consumers have demonstrated that they are still prepared to pay ‘top dollar’ to see the most popular acts, while festivals continue to draw the crowds, although perhaps not all are enjoying the same sort of attendances they did before the financial crash of 2008.

Overview

What you need to know
Covered in this report

Executive Summary

Market expected to have grown by nearly half in the past five years
Figure 1: UK music concerts and festivals market size trends, 2010-20
Split between tickets and secondary spend broadly unchanged
Figure 2: UK music concerts and festivals market by segment, 2010-14
Live Nation is dominant player in live music
Figure 3: Leading music concert and festival operators, ranked by most recent turnover*, 2013/14
Visiting levels look set to hold steady
Arenas now second most popular type of music venue
Figure 4: Music concerts paid to attend in 2014/15 by type of venue, June 2015
Online is dominant channel for ticketing buying
Figure 5: Methods used for buying tickets to attend music concerts in the uk, June 2015
Potential for live music ticketing apps looks very good
Figure 6: Usage of services or technologies related to music concerts and festivals, June 2015
Support for more regulation of ticket reselling
Figure 7: Attitudes towards music concerts & festivals, June 2015

Issues and Insights

Tech innovation in reselling threatens the established players
The facts
The implications
Could subscription services revive the mid-market?
The facts
The implications

The Market – What You Need to Know

Market expected to have grown by nearly half in past five years
Split between tickets and secondary spend broadly unchanged
Parliament tightens regulation on secondary ticketing
PRS for Music tariff review seen as threat by industry
Changes in device ownership impact ticketing and payment options
Signs that pressure on incomes may be easing

Market Size and Forecast

Market expected to have grown by nearly half in the past five years
Figure 8: UK music concerts and festivals market size trends, 2010-20
Figure 9: UK music concerts and festivals, forecast market value, 2010-20

Segment Performance

Split between tickets and secondary spend broadly unchanged
Figure 10: UK music concerts and festivals market by segment, 2010-14
Concerts
Festivals
Sector continues to grow despite proliferation of events
Average age of headline acts on the increase
Figure 11: Trends in the age of headline acts at selected major festivals, 1996-2015
Figure 12: Major UK music festivals, 2015

Market Drivers

Parliament tightens regulation on secondary ticketing
PRS for Music tariff review seen as threat by industry
Arenas business continues to thrive
Figure 13: Trends in attendance at music events held at arenas*, 2010-14
Figure 14: Attendance at NAA member venues*, by quarter, 2014
Figure 15: Attendance at NAA member venues*, by genre, 2014
Figure 16: Average music performance ticket prices at NAA member venues*, 2013 and 2014
Changes in device ownership impact ticketing and payment options
Figure 17: Trends in personal ownership of selected technology products, November 2014-April 2015
Rates decision potentially disastrous for many festival operators
Noise measures incorporated into planning guidance
Signs that pressure on incomes may be easing
Figure 18: Trends in earnings versus prices, January 2009-April 2015
Exchange rates cause headaches for promoters of overseas acts
Figure 19: Trends in annual average sterling/dollar and sterling/euro exchange rates, 2010-15*
Live revenues outstrip those from recorded music
Figure 20: Trends in live and recorded music revenues in the UK, 2010-14
US still leading the way in terms of growth
Figure 21: Trends in revenues of US concert industry and top 100 tours, 2010-14

Key Players – What You Need to Know

Live Nation is dominant player in live music
Advertisers throttle back on advertising
Cashless ticketing and payment on the up

Market Share

Live Nation is dominant player in live music
Figure 22: Leading music concert and festival operators, ranked by most recent turnover*, 2013/14

Brand Communication and Promotion

Advertisers throttle back on advertising
Figure 23: Recorded above-the-line online display and direct mail advertising expenditure for concerts, 2011-14
Figure 24: Recorded above-the-line online display and direct mail advertising expenditure for concerts, by selected key players, 2014
Methodology and coverage

Launch Activity and Innovation

Cashless ticketing and payment on the up
Download goes cashless
DICE and Una try to counter reselling and booking fees
WillCall combines concert discovery, ticketing and in-venue commerce
Subscription services may help smaller and medium-sized acts
Use of location-based services on the increase
Remote concert viewing
A trend towards smaller festivals?

The Consumer – What You Need to Know

Visiting levels look set to hold steady
Over three quarters of concert goes paid to attend
Arenas now second most popular type of music venue
Online is dominant channel for ticketing buying
Potential for live music ticketing apps looks very good
Support for more regulation of ticket reselling

Music Concert and Festival Visiting

Visiting levels look set to hold steady
Figure 25: Music concert & festival visiting, June 2015
Figure 26: Music concert & festival visiting by detailed frequency, June 2015

Paid Attendance at Music Concerts

Over three quarters of concert-goers paid to attend
Figure 27: Whether paid to attend music concert in 2014/15, June 2015
Arenas now second most popular type of music venue
Figure 28: Music concerts paid to attend in 2014/15 by type of venue, June 2015

How People Buy Music Concert Tickets

Online is dominant channel for ticketing buying
Figure 29: Methods used for buying tickets to attend music concerts in the UK, June 2015

Usage of Related Services or Technologies

Potential for live music ticketing apps looks very good
Fans increasingly want influence and to be kept in the loop
Strong interest in mobile wallets and contactless wristbands
Figure 30: Usage of services or technologies related to music concerts and festivals, June 2015
Figure 31: Services or technologies related to music concerts and festivals that people would consider using in the future*, June 2015

Attitudes Towards Music Concerts and Festivals

Support for more regulation of ticket reselling
Perception is that it is getting harder to obtain tickets
Small is good when it comes to festivals
Festivals need to work harder to sell camping
Figure 32: Attitudes towards music concerts & festivals, June 2015

Appendix – Data Sources, Abbreviations and Supporting Information

Data sources
Abbreviations
Market size and forecast
Figure 33: UK music concerts and festivals, value forecast scenarios, 2015-20
Fan chart forecast

Appendix – Financial Performance of Key Players

Figure 34: Live Nation (Music) UK Ltd, key financials, 2009-13
Figure 35: LN-Gaiety Holdings Ltd, key financials, 2010-14
Figure 36: Festival Republic Ltd, key financials, 2010-14
Figure 37: Academy Music Group Ltd, key financials, 2010-14
Figure 38: DF Concerts Ltd, key financials, 2011-13
Figure 39: C.I. (Events) Ltd, key financials, 2011-14
Figure 40: SJM Ltd, key financials, 2009-13
Figure 41: Metropolis Music (Scriptograph Ltd), key financials, 2010-14
Figure 42: AEG Live (UK) Ltd, key financials, 2009-13
Figure 43: Raymond Gubbay Ltd, key financials, 2010-14
Figure 44: Kilimanjaro live ltd, key financials, 2012-14
Figure 45: Glastonbury Festival Ltd, key financials, 2009-13
Figure 46: MAMA & Company Ltd, turnover of key subsidiaries, 2012/13-2013/14
Figure 47: Marshall Arts Ltd, key financials, 2009-13
Figure 48: DHP family ltd, key financials, 2013-14

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