'07 road work paying off, but it's not at record stage
1st-half concert biz trails stellar '06Nashville — The 2007 North American concert business is below last year's record pace, but business is strong, according to first-half numbers reported to Billboard Boxscore.
Attendance was 20.4 million from January-June, generating boxoffice of $1.05 billion from 6,886 shows reported to Billboard Boxscore. That's down 4.5% year-over-year gross but represents only a 1% decrease in attendance. The trend for most of the past decade has been for dollars to outpace attendance because of higher ticket prices. Also, the number of shows reported to this point is down 4% from first-half 2006, likely reflecting lesser activity as well as tardy reporting.
The average per-show attendance so far is up slightly, and gross is flat compared with 2006. The average gross per show sits at $153,199, while the average attendance is 2,957, compared with $153,926 and 2,866, respectively, at this time last year.
The touring industry is coming off a record year for grosses and attendance in 2006, with such acts as the Rolling Stones, Madonna, U2 and Bon Jovi all putting up huge numbers.
Ray Waddell is an executive director at Billboard.