By now you've heard about the slump the concert industry is in this summer. Major tours are struggling and canceling dates, including
According to a new report from Pollstar magazine, tickets sales for the biggest concert tours in North America during the first half of the year fell to their lowest point since 2005 due to a weak economy and high ticket prices. The top 100 tours grossed $965.5 million during the first six months, which is a 17 percent decline from the same period a year ago and the lowest total since the first half of 2005, when concerts grossed $731 million.
The slide was blamed on poor sales for tours by the Eagles, the Jonas Brothers and the American Idols Live! outing, all of which have either been offering deep discounts on tickets or canceling shows outright due to low demand. Add that to cancellations of tours by Christina Aguilera, the Go-Go's and Limp Bizkit and the axing of 10 dates by the revamped Lilith tour and you have a summer season that is sucking wind after the touring industry put up record numbers in 2009.
According to the Live Nation website, in addition to the Denver and Indy dates, Rihanna has also pulled shows in Phoenix (July 22), Dallas (July 24) and Atlanta (July 28).
On the upside, tours by Lady Gaga, Justin Bieber, Muse, Taylor Swift and James Taylor with Carole King have been doing very well at the box office.
The top-grossing show this year so far was the Coachella festival, which drew 225,000 fans and grossed $21.7 million. Bon Jovi put up the best numbers of a North American tour with $52.8 million in grosses, followed by Taylor and King at $41 million and Swift at $34.2 million.
Are you going to fewer concerts this summer? Talk about it in the comments.