Ticketing Data Reveals the Scale of Losses Over the Pandemic | Music News

Live Performance Australia’s annual ticketing data shows how the pandemic “obliterated” the live entertainment industry last year, wiping out $1.4 billion in revenue and reducing the sector by 70%. In the report, the peak body for live entertainment found that “Contemporary Music,” easily the biggest category, generating over 50% of total revenue across all live performance, was smashed by the health crisis. Contemporary Music, which factors-in rock, pop and hip-hop concerts posted revenue of $309 million, down 63% compared with 2019 attendance of nearly 3 million, down by 65% year-on-year. the volume of tickets issued to live performance events plummeted by 68% to under 8 million. revenue from ticket sales tumbled by 69% to $600 million the average ticket price fell from $92.89 to $87.14. The report found that Victoria was the hardest hit State (no surprises), seeing a 79% decline in attendance and second-highest decline in revenue, down 75%. South Australia was the least effected State, with a 55% decline in revenue and 40% decline in attendance. Thanks for listening! Be sure to subscribe for more content. Like Homebrewed on Facebook Follow Homebrewed on Instagram Check out our Spotify Playlists here Catch up on everything Homebrewed Homebrewed is a radio program and podcast dedicated to supporting the Australian Music Industry. Cameron Smith and Eamonn Snow have been presenting Homebrewed since November 2017 and have received excellence awards and the admiration of local bands for their presentation of Homebrewed and their continued support of the Australian music scene. This podcast is designed so you can enjoy conversations with musicians, industry representatives and music media personalities. From <https://anchor.fm/dashboard/episode/new/publish>