Higher prices help 2011 concert ticket revenue

AP News
Posted: Jan 05, 2012 7:03 PM
Higher prices help 2011 concert ticket revenue

Higher concert ticket prices boosted revenue from the top 50 worldwide tours last year despite a drop in the number of tickets sold.

Trade magazine Pollstar said Thursday that worldwide revenue for the 50 biggest acts last year hit $3.07 billion, up nearly 4 percent from $2.96 billion in 2010. U2 was the top act.

The average ticket price rose $10.42, or nearly 14 percent, to $86.53. The average price was $76.11 in 2010 and $73.83 in 2009.

The number of tickets sold fell 9 percent to 35.5 million.

15 Days Till Trump Crushes Them Again
Kevin McCullough

Live Nation Entertainment Inc. continued to be the world's biggest concert promoter, selling 22 million tickets, down from 25.1 million a year ago. AEG was second with 12.2 million tickets, down from 12.5 million a year ago.