Showing posts with label concert revenue. Show all posts
Showing posts with label concert revenue. Show all posts

Wednesday, November 25, 2015

This Is The Revenue From A Single Taylor Swift Concert

Taylor Swift
If you ever wondered where the money goes when an A-list artist gives a concert, the Tampa Bay Times laid it out pretty well.

Most of the time the income and expenses for a concert are hidden, but in this case the venue (Raymond James Stadium) is publicly owned and operated so most of the data is readily available.

This is financially what happened during a Halloween concert given at the venue by Taylor Swift:
  • The show was a sellout at 56,987. Swift received 100% of the ticket sales, which initially amounted to almost $4 million, including a $2.75 million guarantee.
  • But there's some intrigue here, as at the last minute Swift's production company became the concert promoter, which means she may see even more money in the end since the final income from tickets was actually more like $5.8 million.
  • $843,947 of that was split between the Tampa Bay Sports Authority and Tampa Bay Buccaneers football team.
  • Merchandise sales brought in $40,784 (which sounds low to me).
  • Food and drink sales amounted to another $244,626.
  • Parking is always a big money maker at concerts and this one was no exception at $127,798.
So the concert brought in about $6.2 million and Taylor Swift kept over $4 million of it, which just goes to show how much money is generated by an A-list artist on the road.

Sunday, December 14, 2014

Top 10 Highest Grossing Concerts Of 2014

The results are in and the highest grossing concerts from this year will astound you. The following chart from Billboard shows that some music acts are making some serious money on the road. Keep in mind that the chart isn't for an entire tour - it's only for 1 show!

The One Direction/5 Seconds Of Summer tour was obviously a blockbuster, capturing 5 slots of the top 10, including the single highest attendance with 236,566 at London's Wembley Stadium, but The Stones were the highest grossers, capturing almost $28 million for a single date at the Tokyo Dome.

All that said, actual total concert attendance was actually down a little over 1% in 2014, but people paid more money than ever, as the concert industry made nearly 20 billion worldwide - a record.

Highest Grossing Concerts 2014 image
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