All-access pass: Rising disposable income levels will fuel stable industry growth

The success of promoters depends on consumers' willingness to pay for and attend live events instead of listening solely to studio releases and watching televised broadcasts from home. Through economic booms and busts, Americans have long valued live entertainment. This has helped maintain the Concert and Event Promotion industry in New York's growth over the five years to 2017. Over the five years to 2022, industry revenue is forecast to have increased. Continued growth in consumer willingness to splurge on industry events, supported by a rise in discretionary spending and corporate profit, as well as new offerings is expected to have driven modest but steady revenue growth during the period...purchase to read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 12-17
3.0%
Forecast Growth 17-22
Profit
Employment
27,818
Businesses
6,326

Industry Threats & Opportunities

  • Theatrical performances have been a growing source of industry revenue during the five-year period
  • Live performances have become a significant revenue stream for promoters and musicians
  • Ancillary sales of food, beverages and merchandise will expand as a share of revenue
  • Industry Report - Starting a New Business Chapter

    The Concert and Event Promotion industry in New York's moderate barriers to entry reflect the low level of capital investment needed to start a small, local live event promotions business and the high level of capital investment needed to start a large-scale business. IBISWorld estimates that barriers to entry are falling slowly due to increasing use of the internet as a means of socializing, advertising and discovering new music and live performances. Although this poses a challenge to event promoters, the internet can also present a key marketing platform through which more potential customers may be targeted...purchase to read more.

    Additional Insights for the Concert & Event Promotion in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Concert & Event Promotion in New York Industry are

  • Ability to raise revenue from additional sources
  • Ability to quickly adopt new technology
  • Optimum capacity utilization
  • IBISWorld analysts also discuss how external factors such as Per Capita Disposable Income in New York and Corporate profit in the Concert & Event Promotion in New York industry impact industry performance..

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    What's in this report

    What is the Concert & Event Promotion in New York Industry?

    This industry creates, manages and promotes live performances and events, ranging from concerts and theater performances to state fairs and air shows. Some industry promoters lease space from stadium, arena and theater owners, while others own and operate venues.

    Industry Products
  • Live music concerts
  • Theatrical performances
  • Sporting events
  • Fairs, pageants, ethnic festivals and other events
  • Public appearances and speeches
  • Industry Activities
  • Managing venues (e.g. arenas, amphitheaters, clubs and stadiums)
  • Booking talent, including musicians and performers, for events
  • Promoting and marketing events
  • Organizing logistics for events (e.g. concerts, tours, shows, festivals and pageants)
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per Capita Disposable Income in New York
  • Corporate profit
  • Time spent on leisure and sports
  • Federal funding for creative arts

  • Current Performance
  • Broadway boom
  • Live performance and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Corporate profit and leisure time
  • Enterprise growth and profit
  • Table: Concert & Event Promotion in New York Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Concert & Event Promotion in New York Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Management of Companies and Enterprises
  • Consumers

  • Key Selling Industries
  • Advertising Agencies
  • Commercial Leasing
  • Museums
  • Musical Groups & Artists
  • Performers & Creative Artists

  • Products & Services
  • Live music concerts
  • Theatrical performances
  • Fairs, pageants, ethnic festivals and other events
  • Sporting events
  • Public appearances and speeches
  • Chart: Concert & Event Promotion in New York Industry Products and Services Segmentation

  • Major Markets
  • Attendees aged 35 to 54
  • Attendees aged 25 to 34
  • Attendees under the age of 25
  • Attendees aged 55 to 64
  • Attendees over the age of 65
  • Chart: Major Market Segmentation for the Concert & Event Promotion in New York Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRent and utilitiesDepreciation and marketing
  • Chart: Cost Structure Benchmarking – Sector vs Concert & Event Promotion in New York

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Concert & Event Promotion in New York Industry

  • Live Nation Entertainment Inc., Shubert Organization, The Anschutz Corporation, Peter Shapiro,
  • Table: Live Nation Entertainment Inc. - financial performance
  • Table: Shubert Organization - financial performance
  • Table: The Anschutz Corporation - financial performance
  • Table: Peter Shapiro - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Concert & Event Promotion in New York Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Concert & Event Promotion in New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per capita disposable income in New York (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Amphitheater
  • An outdoor venue with between 5,000 and 30,000 seats that is primarily used in the summer.
  • Arena
  • A multipurpose indoor facility with average seating capacity between 5,000 and 20,000.
  • Club
  • An indoor venue built primarily for music events, but that may also include comedy clubs. Capacity is generally less than 1,000 seats and often without full fixed seating.
  • Marquee Event
  • An event having or associated with the name recognition and drawing power of one whose name appears on a marquee.
  • Stadium
  • A multipurpose, often open-air facility that has about 30,000 seats or more.
  • What Our Customers Say

    Why buy this report?

    The Concert & Event Promotion in New York Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Concert & Event Promotion in New York:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Concert & Event Promotion in New York market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Concert & Event Promotion in New York, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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