Concert Biz Had A Good 2008 (But Will It Continue?)

“The good news is that the concert industry really didn’t have that bad of a year in 2008 even as economic conditions worsened. Overall, revenue was up 7.8 percent to $4.2 billion, though ticket sales dropped 3 percent. The revenue was sustained by record-high ticket prices: an average of nearly $67 a ticket for the 100 top-grossing shows. Overall, ticket prices have more than doubled in the last decade.”