Touring
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When artists announce a new tour, ticket sales tend to exhibit a pattern: An initial surge of fan enthusiasm followed by a gradual decline in interest.
So, Tim Collins, who manages the Swedish artist Benjamin Ingrosso, was surprised to see demand for tickets to see his client increase throughout his summer tour. “At the beginning of the tour, we hadn’t sold out,” Collins says. “With every show we did, interest in him became bigger. And it was mainly because of how TikTok talked about him throughout the tour.”
TikTok marketing has been a central part of promoting music for more than three years at this point, almost entirely reshaping record labels’ strategy. When the platform started to regularly mint hit singles in 2020, however, the concert business was mostly shut down due to the coronavirus pandemic and shows didn’t get the same sort of attention.
This year, though, TikTok has become the new frontier for marketing tours. “Traditional promoters are starting to really wake up to it,” says Sanu Hariharan, co-head of music partnerships at Creed Media, a marketing company focused on Gen Z.
“It’s opened up a new revenue model for me,” adds Johnny Cloherty, co-founder of the digital marketing company Songfluencer. “A lot of the heavier touring acts are interested in, ‘I’ll pay a handful of creators to come to my VIP section to film content with me backstage to help sell tickets.’ We can get influencers to talk about the merch and do promotion that way.”
What took so long? “In general, live music lags behind the rest of marketing,” according to William Van Orsdel, chief growth officer of the live promotions company Breakaway. “Larger companies out there can’t change the way they’ve been doing things because they’ve always been doing them that way” — relying on tried-and-true techniques like print advertisements, billboards and posters.
Sure enough, Cloherty says when he pitched live music companies on using modern TikTok marketing techniques in 2019 and 2020, he “got laughed out of the room.” “People were like, ‘No way are you going to do this,’” he recalls. But, Van Orsdel continues, “you can’t market in just one silo and expect to be successful.”
The saturation of the post-COVID touring market has also spurred artist managers and event promotion companies to try new concert-marketing techniques. Prices are high; competition for fans is fierce. “The interest in seeing shows is bigger than ever before,” Collins says. “But at the same time, the financial situation is worse than ever before in regards to what you actually can afford to go to. To win a fan, you really have to stand out.”
On top of that, labels have started to see that a tour with buzz leads to streaming gains for the artist on the road, which ultimately helps the record company’s bottom line. Labels don’t participate in artists’ touring income — unless the artist has signed a “360 deal” — which often disincentivizes them from investing in their acts’ live business. “What they’ve realized is that there’s a correlation between having a tour or a set of shows that are relevant and streaming,” Hariharan says.
“Touring goes hand in hand with cultural significance,” adds Andy Serrao, president of Fearless Records. “The moments that are created on touring or in festivals, those don’t just happen and go away. We don’t participate in our artists’ touring revenue, but what we can do to drive the rest of our marketing going into releasing new music is huge.”
Those “moments” from a show depend a lot on the charisma of the artist on stage, of course. “If people are seeing you live and not filming you, that’s a bad sign,” Serrao says.
But marketers can work to make sure that anything exciting that happens is talked about by as many people as possible. “Having influencers at the show is the most important piece of it, because they are really essentially megaphones for the tour,” says Laura Spinelli, digital marketing manager at Shopkeeper Management. “Within the past year, this has become something that we’ve devoted a more significant budget to” for artists like Miranda Lambert and Tenille Townes.
Creed Media recently ran a two-week campaign in Europe for the group Chase Atlantic, using influencers to “create and convey a sense of hype and FOMO around the experience of going to their show,” Hariharan explains. “We wanted to do this early in the tour so that we’re getting consistent relevance and engagement as the tour progresses.” The most successful post — about a guy who takes his girlfriend to see Chase Atlantic — earned nearly 3 million views.
Demand for this sort of marketing is on the rise. “It feels very similar right now to a few years ago when we were trying to convince our label partners to really see the value in influencer marketing for their releases,” Hariharan. “Talking about what we can do for live and touring is a fresh new thing.”
“I’ve gone to a lot of country labels and management companies with this,” Cloherty adds. “Entering 2023 marketing anything without an influencer plan doesn’t seem like it’s very holistic, and that’s especially true if you’re trying to get a younger audience.”
Madison Square Garden Entertainment (MSG Entertainment) had revenue of $142.2 million in the quarter ended Sept. 30, down 3% year over year, as it started its first full fiscal year as a standalone live entertainment company.
MSG Entertainment, which spun off from MSG’s Sphere and MSG Networks businesses in April, had lower event-related revenue and faced a tough comparison to the prior-year quarter. Not only did the prior-year quarter benefit from some concerts that were rescheduled due to the COVID-19 pandemic, but Madison Square Garden enjoyed a 15-show run from Harry Styles from Aug. 20 to Sept. 21, 2022, that grossed $63.1 million from 277,000 ticket sales, according to Billboard Boxscore.
The company saw “significant” merchandise spending from Styles’ fans at those shows, said Dave Byrnes, MSG Entertainment executive vp/CFO, during Tuesday’s earnings call, and per-capita merchandise spending was down last quarter as a result. Fan spending on food and beverage “was up meaningfully” in the latest quarter, however, and MSG Entertainment is seeing “strong in-venue spending from our guests,” he said.
Strong demand for concerts, also seen in Live Nation’s latest earnings results, will help MSG Entertainment achieve a low double-digit percentage increase in event bookings this fiscal year. The company is getting help from a new generation of musicians who have graduated from smaller buildings in its portfolio to its flagship venue, Madison Square Garden. “This fiscal year, there are a number of acts, including Olivia Rodrigo, Tyler Childers and Niall Horan, who previously performed at either The Beacon [Theatre] or Radio City [Music Hall] that will soon headline the Garden for the first time in their careers,” said Byrnes. What’s more, he added, “a number of these first-time acts” are playing multiple nights and experiencing “strong ticket demand for their entire run.”
Beyond the concert business, MSG Entertainment has high expectations for its family shows. The company has 187 planned shows of its Christmas Spectacular at Radio City Music Hall, up from 181 shows in the prior fiscal year. MSG Entertainment expects paid attendance of about 1 million, bringing the holiday run back to pre-pandemic levels. In addition, Cirque du Soleil’s holiday show is returning after it took the year off in 2022, with 66 shows scheduled across The Theater at Madison Square Garden and the Chicago Theatre.
“We’re currently on sale with more concerts at our venues than we were at this time last year for the second half of fiscal ’23,” said Byrnes, “and of those on-sales, a majority of those tickets are already sold, and sell-through on those shows is currently up [a] high single-digit percentage as compared to the second half of fiscal ’23.”
MSG Entertainment repurchased about 3.5 million shares during the quarter, including repayment of a delayed draw term loan facility from Sphere Entertainment with 1.9 million shares. About 1.6 million shares were repurchased at $31.20 per share as part of the secondary underwritten offering by Sphere Entertainment in September.
Looking forward to the full year, MSG Entertainment reaffirmed its previous guidance of revenue from $900 million to $930 million and adjusted operating income of $160 million to $170 million. It lowered guidance for operating income to $85 million to $95 million, down from $100 million to $110 million.
Shares of MSG Entertainment fell as much as 9.8% to $27.55 on Tuesday morning before recovering to $29.09 by midday, a 4.7% decline from Monday’s closing price.
Fiscal first quarter financial metrics:
Revenue of $142.2 million, down 3% year over year.
Operating loss of $33.4 million, up 196% year over year.
Adjusted operating loss of $700,000, down from a $11.5 million operating profit.
Net loss of $50.7 million, up 183% year over year.
The singer-songwriter’s career-spanning trek set a new playbook for superstar tours.
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Green Day is ready to take you on a “Holiday” next summer, as the band announced a massive stadium tour across North America, Europe and the U.K. Mark your calendars, as the presale will occur through Ticketmaster on Wednesday (Nov. 8) at 10 a.m. local time in North America and 9:30 a.m. GMT/10:30 a.m. CET for the EU/U.K. tour dates. General sale tickets will go live on Friday (Nov. 10) at 10 a.m. local time.
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The Saviors Tour will begin its North American leg on July 29, 2024, in Washington, D.C., then hit cities including Toronto, Montreal, Queens, Boston, Philadelphia, Hershey, Chicago and more until the final show on Sept. 28 in San Diego.
“It’s the moment you’ve been waiting for … taking The Saviors Tour on the road all summer long next year to celebrate 30 years of ‘Dookie,’ 20 years of ‘American Idiot’ + our new album ‘Saviors’!!!” the band captioned its Instagram post announcing the tour. “Swipe for dates.”
You’ll need a special code to gain access to the presale, which you can get when you sign up for the band’s mailing list by Tuesday (Nov. 7). If you get an early access code, you’ll receive it through the email you signed up with.
In case you miss out on the presale and general onsale, you’ll potentially have additional ways to score cheap tickets through resale sites such as VividSeats, StubHub, Seat Geek, TicketNetwork and Game Time.
For an additional discount, you can get $10 off Seat Geek ticket purchases of $250-plus with the code BILLBOARD10. Offer is valid on first purchases only.
You can expect a setlist fusing new and old music, as the band also announced they’ll be performing songs from new album Savior, as well as from classics such as Dookie and American Idiot in celebration of both albums’ 30th and 20th anniversaries.
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Doja Cat’s first-ever headlining arena tour is off to a strong start. After performing to a packed house at Crypto Arena in Los Angeles on Nov. 3, Doja will take the tour a little further south to Anaheim, Calif., where she will perform at the Honda Center on Monday (Nov. 6).
The Scarlet Tour, which opened to a sold-out crowd in San Francisco on Oct. 31, will hit two dozen cities over the next few weeks, including Las Vegas; Houston; Atlanta; Denver; Boston; Washington, D.C.; San Diego, Brooklyn, N.Y.; Newark, N.J. and Omaha, Neb.
Ice Spice and Doechii will join Doja on select dates. The tour wraps on Dec. 13 in Chicago.
Read on for ways to get tickets and cheapest prices.
Where to Get Tickets
Tickets for The Scarlet Tour were originally released in June via Ticketmaster. Fans who pre-registered got access to presale tickets on June 28. General onsale tickets went on sale on June 30.
If you missed the first ticket run, you still have time to secure passes to see the Grammy winner live. Tickets are available on sites like StubHub, Vivid Seats, Ticketmaster and Seat Geek.
TicketNetwork and Game Time also have affordably priced tickets. In fact, most of the resale tickets that we’ve found are priced well below $100.
How to Get Tickets on StubHub
StubHub is a solid choice for last-minute tickets. Right now, tickets are available for as low as $27 for select dates. However, the majority of cheap tickets range from around $40 to $75, while VIP passes can cost more than $600 depending on the concert date, location and ticket availability.
At StubHub, Tickets are selling quickly for tonight’s show in Anaheim, as well as concerts in Denver, Atlanta and Newark, N.J.
How to Get Tickets on Vivid Seats
Like the other ticketing sites, tickets at Vivid Seats are affordably priced. Tickets start at approximately $34. You’ll find a good number of tickets still available at Vivid Seats, but some concert in Anaheim, Toronto and Phoenix are selling out faster than other dates on the tour.
Vivid Seats also offers ticket deals for dates on the tour including Chicago, Toronto, Miami and Dallas.
How to Get Tickets on Seat Geek
Seat Geek has some of the cheapest ticket prices that we’ve seen online. Tickets to Doja’s tour are currently priced as low as $22, but most fall within the $30-$75 range. And VIP packages are priced from around $300 and up.
Looking for a discount? Save $10 on a purchase of $250+ with code BILLBOARD10. Offer valid on first purchase only.
What can fans expect to hear at The Scarlet Tour? The 24-track setlist includes “Agora Hills” “Paint the Town Red” “Demon,” “Tia Tamera,” “Woman,” “Say So,” “Need to Know,” “Shutcho,” “Ouchies” and “Wet Vagina.”
Wild horses don’t easily slow down, and neither does Lainey Wilson. The country singer-songwriter will expand her headlining shows with Lainey Wilson: LIVE, a string of nearly a dozen shows across Europe and Australia. The trek will launch March 20 in Melbourne, Australia, and will make stops in cities including Sydney, London and Amsterdam before […]
“I thought we were going to utopia?” “What makes you say this isn’t utopia?” “I mean, I don’t know, isn’t it supposed to be some perfect destination?” SoFi Stadium in Inglewood, Calif., was the perfect destination for Travis Scott to make history Sunday (Nov. 5) during his latest Utopia – Circus Maximus Tour stop. But […]
Entertainment and sports agency Creative Artists Agency (CAA) will relocate its Nashville office in late 2025, occupying nearly 75,000 square feet across two floors in the mixed-used district Nashville Yards, being developed by Southwest Value Partners and AEG.
CAA’s new Nashville office, located at 955 Church Street in Nashville, will feature indoor-outdoor work spaces, listening lounges, private terraces on each floor, three levels of dining, retail and entertainment space, as well as meeting hubs and a large outdoor vegetated deck overlooking Nashville Yards. CAA employees will enjoy access to open plazas, courtyards, and green spaces; ample parking, valet, and executive car services; and proximity to the luxury Grand Hyatt Nashville and newly renovated Union Station Nashville Yards.
“Guided by our colleagues in Music, CAA opened our first office in Nashville in 1991, immediately making an impact on Music City that continues today,” said Howard Nuchow, co-head, CAA Sports, in a statement. “With more than 3,400 employees across 25 countries, CAA’s track record of success and growth in the representation of entertainment and sports talent and brands has solidified our leadership position around the world. The move to Nashville Yards demonstrates our commitment to Nashville and the Southeast, while providing our employees, clients, and guests an inspiring environment that captures the spirit of Nashville, one of the most significant sports and entertainment destinations in the world.”
CAA’s Nashville operations currently include more than 130 employees working in music touring, music brand partnerships, music marketing, digital media, sports, brand consulting, property sales, and CAA ICON. In the past year alone, CAA has booked top tours for Tim McGraw, Shania Twain, Keith Urban, Willie Nelson, Zac Brown Band, The Chicks and Carrie Underwood. The company has also worked to aid in raising up a new crop of headliners including Jelly Roll, Cody Johnson, Brett Young, Kelsea Ballerini, Carly Pearce, Whiskey Myers and Koe Wetzel, while expanding its roster with new signings including 49 Winchester, Warren Zeiders, Hailey Whitters, Luke Grimes, Wyatt Flores, Priscilla Block, Dylan Marlowe and Larry Fleet.
Global Citizen and pgLang have teamed up to create a new touring circuit throughout Africa titled Move Afrika: A Global Citizen Experience. To kick off the initiative, Kendrick Lamar will headline Move Afrika: Rwanda at the BK Arena in Kigali, Rwanda, on Dec. 6. Lamar’s pgLang company will serve as the Curator of Move Afrika […]
Live Nation had another record-setting quarter as music fans swarmed to concerts and continued to spend on live entertainment amidst persistent inflation, high gas prices and a resumption in student loan repayments in the United States. The concert promotion and ticketing giant posted third-quarter revenue of $8.2 billion, up 32% from the prior-year period, the company announced Thursday (Nov. 2). Adjusted operating income (AOI) rose 35% to a record $836 million.
A year ago, revenue reached a then-record $6.2 billion as artists returned to the stage after pandemic layoffs. In 2019, the last full year before the pandemic shut down the global touring business, Live Nation posted third-quarter revenue of $3.8 billion — 54% below what the company reported Thursday. Some growth since 2019 stems from acquisitions such as OCESA, the Mexican concert promoter Live Nation bought in 2021 for $416 million. But m uch of the record-setting result comes from the high number of touring artists and greater fan spending.
“While we have benefitted from tailwinds for many years, it has accelerated due to the globalization of our business along with a fundamental shift in consumer spending habits toward experiences,” president/CEO Michael Rapino said in a statement. “With the majority of opportunity still untapped from Milan to Bogotá to Tokyo and beyond, we expect the industry will continue growing in 2024 and for years to come.”
Through the first nine months of 2023, Live Nation’s revenue increased 36% to $16.9 billion and AOI rose 33% to $1.7 billion. Both nine-month figures were greater than Live Nation’s revenue and AOI for full year 2022.
In the concerts division, third-quarter revenue rose 32% to $7 billion and AOI grew 21% to $341 million. The number of fans at Live Nation concerts also grew 21% overall — 34% in international markets and 13% in North America.
Venue Nation, Live Nation’s venue management company for venues it does not own, increased ancillary revenue at operated venues. At amphitheaters, ancillary per-fan revenue was up 10% to $40 year to date. At theaters and clubs, ancillary per-fan spending rose in the double-digits globally.
Ticketmaster revenue grew 57% to $833 million while AOI jumped 94% to $316 million. Total fee-bearing gross transaction value was up 36% to $10 billion, with North America growing 32% and international markets climbing 49%. The ticketing company had 17 million net new client tickets in the first three quarters of the year.
Sponsorship and advertising revenue rose 7% to $367 million in the third quarter, while the division’s AOI improved 11% to $250 million.
Through mid-October, Ticketmaster sold 140 million tickets to Live Nation shows, up 17% year-over-year and surpassing the 121 million tickets sold in full-year 2022. Over the same period, the company sold 257 million fee-bearing tickets, a 22% improvement, and expects to surpass 300 million fee-bearing tickets in 2023.
For full-year 2023, the company expects 55 million fans at Live Nation-operated venues, up from 49 million in 2022. Ticketmaster expects full-year margins to remain in the high 30s through the fourth quarter. Sponsorship and advertising margins are expected to remain in the low 60s.
Looking forward to 2024, event-deferred revenue — ticket sales for future events — was up 39% to $2.6 billion through mid-October. About half of 2024’s expected show count has been booked for large venues — amphitheaters, arenas and stadiums — which is up double digits from the same point in 2022.
Revenue up 32% to $8.2 billion.
Adjusted operating income is up 35% to $836 million.
Year-to-date operating cash flow of $762 million, down from $928 million in Q3 2022.
Year-to-date free cash flow (adjusted) of $1.3 billion, up from $996 million in Q3 2022.
Ticketmaster revenue up 57% to $833 million.
Sponsorship and advertising revenue up 7% to $367 million.
Earnings per share rose 28% to $1.78.