Pop Culture

Despite economy, concert ticket sales are up

The stock market is in the tank, the plant is closing and the neighbor is losing his home ... the perfect time to go to a concert, by one measure.

The concert business grossed just under $4 billion worldwide in 2008, the most ever for a year and up almost 13 percent over last year, according to Billboard magazine.

“Overall, it’s been a pretty good year for touring,” said Ray Waddell, who covers the industry for Billboard. “I’d never say it’s recession-proof, but it’s resilient.”

In North America, the average box office gross was up 18 percent and the average attendance up 6.3 percent.

Bon Jovi’s tour was the year’s highest-grossing, based on the trade publication’s data from Nov. 14, 2007, to Nov. 11 of this year. It grossed $210.6 million and drew nearly 2.2 million fans.

Bruce Springsteen was second ($204.5 million gross) followed by Madonna ($162 million).

The most lucrative country tours were Kenny Chesney, sixth on the list with $86 million gross; and Rascal Flatts, 10th with $55.8 million.

“It’s not something you can get a fix for somewhere else,” Waddell said of live music. “There’s no other substitute for it, and compared to other things, it’s pretty affordable.”

Fans keep coming. First-week sales for Britney Spears’ 2009 tour were strong enough that extra dates were added, and AC/DC and Metallica have already sold out shows for January and February.

Last month, concert promoter giant Live Nation reported third-quarter profit more than tripled to $139.9 million.

But Waddell warned: “It would be crazy to think that the economy and unemployment won’t impact ticket sales at some point.”

The squeeze may already be on in some places. In Nashville, promoters blamed slow ticket sales for canceling a New Year’s Eve concert at the Sommet Center featuring Trace Adkins and Lynyrd Skynyrd.

  • Slideshow Photos

    Neil P. Mockford / GC Images

    Image: Celebrity Sightings On The Set Of 'A Hundred Streets' - August 8, 2014

    Celebrity Sightings

    Jake Johnson and Damon Wayans Jr. on the "Let's Be Cops," red carpet, Selena Gomez is immortalized in wax and more.

  • Image: Celebrity Sightings On The Set Of 'A Hundred Streets' - August 8, 2014

    Celebrity Sightings

    of

    Idris Elba -

    Actor Idris Elba seen on the set of :A Hundred Streets" on Aug. 8 in London.

    Getty Images / Getty Images
  • Image: Premiere Of RADiUS-TWC's "The One I Love" - Red Carpet

    Celebrity Sightings

    of

    Elisabeth Moss, Mark Duplass -

    Actors Elisabeth Moss and Mark Duplass arrive at the premiere of RADIUS-TWC's "The One I Love" at the Vista Theatre on Aug. 7 in Los Angeles.

    Getty Images / Getty Images
  • Image: Premiere Of RADiUS-TWC's "The One I Love" - Red Carpet

    Celebrity Sightings

    of

    Nick Kroll -

    Actor Nick Kroll arrives at the premiere of RADIUS-TWC's "The One I Love" at the Vista Theatre on Aug. 7 in Los Angeles.

    Getty Images / Getty Images
  • Image: BESTPIX: Premiere Of Twentieth Century Fox's "Let's Be Cops" - Red Carpet

    Celebrity Sightings

    of

    Damon Wayans Jr., Jake Johnson -

    Actors Damon Wayans Jr. and Jake Johnson arrive at the premiere of "Let's Be Cops" at the Cinerama Dome on Aug. 7 in Los Angeles.

    Getty Images / Getty Images
  • Image: Cast member D'Arcy poses at the premiere of "Let's Be Cops" in Hollywood

    Celebrity Sightings

    of

    James D'Arcy -

    James D'Arcy arrives at the premiere of "Let's Be Cops" at the Cinerama Dome on Aug. 7 in Los Angeles.

    Reuters / Reuters
  • Image: BESTPIX: Premiere Of Twentieth Century Fox's "Let's Be Cops" - Arrivals

    Celebrity Sightings

    of

    Julianne Hough -

    Actress Julianne Hough arrives at the premiere of "Let's Be Cops" at the Cinerama Dome on Aug. 7 in Los Angeles.

    Getty Images / Getty Images
  • Image: Premiere Of Twentieth Century Fox's "Let's Be Cops" - Arrivals

    Celebrity Sightings

    of

    Hannah Simone -

    Actress Hannah Simone arrives at the premiere of "Let's Be Cops" at the Cinerama Dome on Aug. 7 in Los Angeles.

    Getty Images / Getty Images
  • Image: Premiere Of Twentieth Century Fox's "Let's Be Cops" - Red Carpet

    Celebrity Sightings

    of

    Nina Dobrev -

    Actress Nina Dobrev arrives at the premiere of "Let's Be Cops" at the Cinerama Dome on Aug. 7 in Los Angeles.

    Getty Images / Getty Images
  • Image: The Pump Group VIP Cocktail Reception

    Celebrity Sightings

    of

    Nicole Murphy, Brandy Norwood -

    TV personality Nicole Murphy and singer Brandy Norwood attend The Pump Group VIP Cocktail Reception at W Hollywood on Aug. 7 in Hollywood.

    Getty Images / Getty Images
  • Image: The Pump Group VIP Cocktail Reception

    Celebrity Sightings

    of

    Tara Reid -

    Actress Tara Reid attends The Pump Group VIP Cocktail Reception at W Hollywood on Aug. 7 in Hollywood.

    Getty Images / Getty Images
  • Image: "Phoenix" Opening Night

    Celebrity Sightings

    of

    James Wirt, Julia Stiles -

    Actors James Wirt and Julia Stiles stand on stage during the opening night curtain call for "Phoenix" at the Cherry Lane Theatre on Aug. 7 in New York.

    Getty Images / Getty Images
  • Image: "Phoenix" Opening Night

    Celebrity Sightings

    of

    AnnaSophia Robb -

    Actress AnnaSophia Robb attends the opening night performance of "Phoenix" at the Cherry Lane Theatre on Aug. 7 in New York.

    Getty Images / Getty Images
  • Image: BESTPIX: Madame Tussauds New York To Unveil New, Never-Before-Seen Selena Gomez Wax Figure

    Celebrity Sightings

    of

    Selena Gomez -

    A boy gives the wax figure of Selena Gomez a kiss at the unveiling of the new new, never-before-seen Selena Gomez wax figure at Madame Tussauds New York on Aug. 7 in New York.

    Getty Images / Getty Images
  • Image: BESTPIX: Chris Martin Visits "The Elvis Duran Z100 Morning Show"

    Celebrity Sightings

    of

    Chris Martin -

    Chris Martin of Coldplay performs during the Elvis Duran Z100 Morning Show at Z100 Studio on Aug. 7 in New York.

    Getty Images / Getty Images
  • Image: BESTPIX: Apple Store Soho Presents: Meet the Actors: Michael Fassbender And Domhnall Gleeson - "Frank"

    Celebrity Sightings

    of

    Michael Fassbender -

    Actor Michael Fassbender attends "Meet the Actor" at Apple Store Soho on Aug. 7 in New York.

    Getty Images / Getty Images
  • Image: Celebrity Sightings In Los Angeles - August 07, 2014

    Celebrity Sightings

    of

    Mickey Rourke -

    Actor Mickey Rourke is seen at "Jimmy Kimmel Live" on Aug. 7 in Los Angeles.

    Getty Images / Getty Images
  • Image: Celebrity Sightings In Los Angeles - August 07, 2014

    Celebrity Sightings

    of

    Jordana Brewster -

    Actress Jordana Brewster waves outisde of "Jimmy Kimmel Live" on Aug. 7 in Los Angeles.

    Getty Images / Getty Images
  • Image: G. Garvin Live

    Celebrity Sightings

    of

    Keshia Knight Pulliam -

    Actress Keshia Knight Pulliam attends G. Garvin Live at Buckhead Theatre on Aug. 7 in Atlanta.

    Getty Images / Getty Images
  • Image: Celebrity Sightings In Los Angeles - August 07, 2014

    Celebrity Sightings

    of

    Reese Witherspoon -

    Actress Reese Witherspoon is seen on Aug. 7 in Los Angeles.

    Getty Images / Getty Images
  • Image: Miley Cyrus

    Celebrity Sightings

    of

    Miley Cyrus -

    Singer Miley Cyrus performs in concert at Bridgestone Arena on Aug. 7 in Nashville.

    AP / AP
  • Image: 67th Locarno Film Festival - Day 2

    Celebrity Sightings

    of

    Melanie Griffith -

    Actress Melanie Griffith attends a press conference during the 67th Locarno Film Festival on Aug. 7 in Locarno, Switzerland.

    Getty Images / Getty Images
  • Image: Lily Allen

    Celebrity Sightings

    of

    Lily Allen -

    Singer Lily Allen performs in concert at Bridgestone Arena on Aug. 7 in Nashville.

    AP / AP
  • Image: "The Expendables 3" Paris Photocall At Cinema UGC Normandie

    Celebrity Sightings

    of

    'Expendables 3' -

    The stars of "Expendables 3," from left, Kellan Lutz, Jason Statham, Sylvester Stallone, Antonio Banderas and Wesley Snipes attend "Expendables 3" at Cinema UGC Normandie on Aug. 7 in Paris.

    Getty Images / Getty Images
  • Image: Meet The FilmMakers: "The Rover"

    Celebrity Sightings

    of

    Robert Pattinson -

    Actor Robert Pattinson speaks during the Meet The Filmmakers event for "The Rover" at Apple Store, Regent Street on Aug. 7 in London.

    Getty Images / Getty Images
  • Image: Celebrity Sightings In New York City - August 07, 2014

    Celebrity Sightings

    of

    Nicole Kidman, Jason Bateman -

    Actors Nicole Kidman and Jason Bateman are spotted filming Bateman's "The Family Fang" in Westchester, New York, on Aug. 7.

    Getty Images / Getty Images
  • Image: Africa: New Partnership Models For Growth

    Celebrity Sightings

    of

    Akon -

    Grammy-nominated artist Akon, who is the founder of Akon Lighting Africa Project, discusses at the US-Africa Leaders Summit "Africa: New Parnership Models for Growth" news conference, held in Washington, DC, on Aug. 7, the progress that African heads of state have made.

    Getty Images / Getty Images

John Huie, vice president of Creative Artists Agency in Nashville, which sets tour schedules for Tim McGraw, Faith Hill, Keith Urban, Alan Jackson, ZZ Top and many others, said more fans are waiting until the day of the show to buy tickets because they’re uncertain about the economy.

Gary Bongiovanni, editor-in-chief of the concert industry publication Pollstar, noted that most of the tickets for shows in October, November and even December were sold in advance, before the latest round of bad economic news. The full effect won’t be felt until next year, he predicted.

“The problem will be if we’re still in this economic environment when summer hits, when so many acts go on the road,” Bongiovanni said. “Even in good times the public has a hard time supporting them all, and obviously when people are unemployed they’re not going to be buying concert tickets.”

TOP