NUREMBERG, Germany (VIP NEWS) — Live music in Germany generated revenues of €2.8 billion in 2007, according to the first full survey of the country's live entertainment business since 1995.
According to the survey by Nuremberg-based research company GFK, music events accounted for some 70% of revenues and 82% of ticket sales during 2007, with the remainder including comedy, cabaret and theatrical performances. In total, the live entertainment sector generated revenues of €3.87 billion.
Music's share of that total overshadows the €1.6 billion in trade value reported by IFPI for the recorded-music industry in 2007. The survey, conducted on behalf of the Hamburg-based German Federal Live Entertainment Association (IDKV), found that stage musicals accounted for the largest individual segment of live entertainment revenues with a 21% share (€813 million).
The survey also revealed that 53% of all Germans attended one or more music performances last year and a total of 127.3 million tickets were sold for all live performances. Ticket-buyers over the age of 50 bought €1.9 billion worth of tickets, 49% of the grand total.
According to GFK, concert-goers paid an average of €44 per ticket for rock/pop concerts and €60 for musicals. According to Billboard
