According to Pollstar, New Jersey rock band Bon Jovi brought in nearly $260 million on tour in 2013, ranking the band’s concert tour earnings first above Beyoncé ($188.6 million), Pink ($170.6 million) and Justin Bieber ($169 million).
Other top 20 ranking tours for 2013 included Bruce Springsteen & the E Street Band, Rihanna, Cirque du Soleil’s “Michael Jackson: The Immortal”, Taylor Swift, Depeche Mode and One Direction. Total ticket revenue by these top tours topped nearly $2.5 billion last year.
This is good news for concert tours since it’s nearly a 24% increase over 2012 top 20 concert tour earnings. Plus, according to Pollstar, the 2013 total of top 20 concerts set a new record for touring acts.
Part of the reason for the rise in concert sales can be attributed to social media and the Internet as a whole, according to Michael Rapino, Live Nation’s president and chief executive.
“It’s a global business now, and that wasn’t the case five to 10 years ago — thanks to the Internet, YouTube, Facebook and Twitter,” Rapino said. “When you realize that someone like Rihanna has 100 million followers and only 30 million of them are in [North] America, now a tour to South America becomes possible because such awareness is built through a whole new social media and Internet delivery system.”
Not only is the Internet helping ticket sales, it’s also helping newer and lesser-known acts become more recognized and attract more attendees. In the past, the top 20 concerts were dominated by well-known, established bands like the Red Hot Chili Peppers and Madonna. Now, acts like Lady Gaga, Taylor Swift and Justin Bieber draw in just as large or larger crowds.
Still, it was an act that took off in the 1980s that still dominated this year’s concert industry. So who do you think will be in the top 20 for 2014? Any predictions?