Britain’s live music industry has hoped back from Pandemic lows in a big way, according to a new report released Tuesday by the Trade Group Live Music Industry Senues and Entertainment (Live).
The ReportWho analyzed the British concert industry in 2024 over 55,000 concerts and festivals, found a striking bounce from a 2020 was $ 0.6 billion ($ 800 million) in revenue throughout the industry to $ 6.7 billion ($ 8.9 billion) last year, a recovery “so impressive that spent last year was last year was last year was spent last year. Last year before year, “It was a recovery. With reference to setlist data from PRS for music, Live estimates that there was a gig was 137 seconds in the UK last year; The country’s capital London accounted for 28.9% of total activity.
Pop stars were the largest beneficiaries of growth, with the genre, which accounted for 32.1% of the expenses over the country’s best 2,000 gigs, “more than the next two most valuable genres (Indie and Rock) composed,” they write and represent a revenue increase from year to year.
Taylor Swift “Had a lot to do with it” in 2024, writes the group, with some estimate of Swift’s contribution – she played four cities in the country – at the total was 1 billion pounds.
So-called grassroots sites had a more difficult time-the “grassroots crisis is real”, says the report-and actually, one of four places in late evenings where has been closed since 2020, the Guardian has reported.
To deal with that situation, Live Trust was set up last year to “deliver funding where it is needed most to help everyone in our sector feel comfortable.” To achieve this, Live Trust is currently developing a program to redistribute revenue, on a voluntary basis, from arena and stadium shows (those with a capacity over 5,000) to grassroots sites in the country. Music Venue Trust, a trading organization representing grassroots sites in the UK, is in its own 2024 Report The “significant work is still needed to prevent a continued decline of (grassroots).”
The industry hired over 234,000 people in 2024, with four out of five of the jobs defined as “relaxed”, ie. that an employee is freelance, temporary and/or self -employed. “Casual staff numbers are now much higher than they were in 2019,” they write, finding that 56% of freelancers in the industry have had difficulty securing employment and 48% reporting of jobs that are canceled with less than a week of termination.
Live represents a federation with 15 life music associations representing over 3,000 companies, 35,000 artists and 2,000 backstage workers.
“Places and festivals in all forms and sizes, which are run by world -class teams and showcase world -class established and new talents, will continue to delight the audience for decades that come as long as the industry and the government protect and care for the ecosystem,” wrote Live CEO Jon Collins.
