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Economic impact of UK live music industry hits record £6.1bn
Exclusive: Growth in sector in 2023 driven by concerts featuring big names such as Elton John and Beyoncé
Spending on the UK live music sector and associated businesses has hit a record £6.1bn as a wave of huge acts from Elton John to Beyoncé cashed in on the pent-up demand to attend shows in person. She also noted that the most artists since the O2 opened in 2007 opted to perform five or more shows, as acts including Madonna, Elton John and the Killers soaked up mass demand. But we also saw pressure build up across our industry, leading to grassroots music venues and festivals left with no choice but to close down in the face of rising costs.”
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