According to the Pollstar Mid Year Business Analysis, 2011 concert ticket sales are well ahead of the 2010 pace. The top 100 North American tours have grossed 1.2 billion dollars thus far- a 157 million more than the previous year (16.2%). The jump in revenue can be largely attributed to a substantial increase in average ticket price. In the first half of 2011, the average ticket price increased by $6.25 (or 10.2%). Although the increasing price of tickets certainly influenced the bottom-line, more tickets were also sold in 2011. This year 16.7 million tickets have been sold in comparison to the 15.9 million in 2010- an increase of 5.3%. All in all, this data suggests that the demand for concert tickets has rebounded from a very sluggish 2010.
Not surprising, U2 was the highest grossing North American tour in the first half of 2011. Through 6/30/2011, U2 has sold nearly 1 million tickets with an average price of almost $88 each. Their 11 city /14 show tour has netted $85.8 million or an average of $7.8 million per show.
Coming in a distant #2 is Lady Gaga whose 38 city / 40 show tour sold 674,795 tickets with an average ticket price of a whopping $96.77 (gross $65.3 Mil). Rounding out the top 5 are Bon Jovi ($57.4 mil), Kenny Chesney ($46.7 mil), and Luis Miguel ($33.9 mil). Young country music star Taylor Swift came in at #6 with a gross of $29.5 million just ahead of Elton John ($28.0 mil), Lil Wayne ($26.3 mil), Celine Dion (23.9 mil), and Rod Stewart & Stevie Nicks ($22.2 mil).
Many other acts did not make the top 10 in total gross revenue but had extremely high average grosses. These acts will likely produce solid numbers in the second half of 2011. These performers include: Marco Antonio Solis ($1.1 mil per show), Mana ($2.5 mil per show), Shakira ($1.4 mil per show), Eric Clapton ($1.1 mil per show), Chayenne ($1.2 mil per show), Phish ($1.0 mil per show), George Strait with Reba & Lee Ann Womack ($1.0 mil per show), and Price ($1.1 mil per show).
Other high grossing performer include: Bob Seger and The Silver Bullet Band, Rush, Iron Maiden, Britney Spears, Katy Perry, Rammstein, Enrique Iglesias, Rihanna, Jimmy Buffet, Janet Jackson, and New Kids on the Block / Backstreet Boys. Look for these acts to be some of the most popular events this summer and fall.
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