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The Town with Matthew Belloni
The 2024 Summer Concert Tour Draft
Jun 3, 2024
Bloomberg's Lucas Shaw joins in for a summer concert tour draft where they pick four acts each, discussing the profitability of tours, ticket prices, and trends in music genres. They predict which bid will win over Shari Redstone for Paramount at the end.
33:07
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Quick takeaways
- Summer concert tours rely on factors like number of shows, venue size, and ticket prices for profitability.
- High ticket prices drive revenue for top acts like YouTube, Pink, Madonna, and Coldplay.
Deep dives
Summer Concert Tours are Dominating the Music Industry
Summer concert tours are experiencing a surge in popularity, with various top acts dominating the charts. Notably, Taylor Swift's European leg of tours and other big names like Pink, Madonna, Louis Miguel, and Coldplay are drawing in huge audiences and high revenues. Acts like Olivia Rodrigo, Pearl Jam, and Chris Stapleton are also on the road, contributing to the summer music tour buzz.
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