Live Nation Entertainment, the world’s biggest concert promoter, posted another banner year in 2017 with revenue up 24% to US$10.3 billion and attendance across all its shows lifting to US$86 million, up 21%.
With its latest healthy report card, the U.S.-based live juggernaut boasts a seventh consecutive year of record results, posting revenue gains across all its divisions, concerts, sponsorship and ticketing.
“We believe the live business will continue to have strong growth for years to come as fans globally drive demand, artists are touring more, and sponsorship and ticketing benefit from the concerts flywheel,” comments Live Nation’s president and CEO Michael Rapino in a corporate statement issued Tuesday.
Across the globe last year, Rapino’s company invested $5.6 billion, he says, making LN “by far the largest financial supporter of artists in music.”
During the period, LN produced 30,000 shows in 40 countries, including Australia, where the promoter has tours for Pink, Taylor Swift, Shania Twain and many others on the cards. Adele’s stadium eight-date stadium tour with LN in 2017 played to more than 600,000 people and smashed attendance records at each venue along the way.