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Global Live Music Revenue Tops $40 Billion As Demand Continues Rising

New data from market intelligence firm Omdia reveals that global live music ticket sales revenue has exceeded $40 billion in 2025, with forecasts predicting a surge to $50 billion by 2030.

Solid Growth Amid Market Resilience

The study indicates a year-on-year growth of 2.5% in 2025, marking a period of stabilization following the steep rebound seen after the pandemic. In 2021, the market was valued at a mere $8.8 billion, underscoring the dramatic recovery and ongoing consumer enthusiasm for live events.

Diverse Markets, Detailed Insights

The comprehensive analysis covers 51 individual markets and seven regional aggregates, with in-depth reviews of 11 of the world’s largest countries. It provides granular data on admissions, average ticket prices, and ticket sales revenue for both concerts and festivals, allowing for a nuanced understanding of the sector’s performance.

Surging Attendance And Premium Experiences

With total paid attendance expected to surpass 500 million by 2027, rising ticket prices and escalating consumer demand are clear indicators of industry strength. This momentum is driven by the appeal of premium, high-profile tours that continue to captivate audiences globally.

U.S. Market Sets The Bar

The United States remains the most expensive and dominant market for live music. Projections indicate that average concert ticket prices will exceed $100 by 2030, while the country continues to lead global attendance, contributing just over 30% of worldwide revenue. This premium positioning highlights the U.S. consumers’ readiness to invest in exceptional live experiences.

Emerging Markets And Genre Diversification

Omdia research analyst Tav Aujla observes, “Revenue from ticket sales is steadily increasing as the industry’s highest-profile tours continue to sell in record numbers.” He adds that regionally rooted genres such as K-pop and Latin music are expanding their global footprint, with emerging markets in Southeast Asia and Latin America offering new opportunities for both local and international artist tours.

Looking Ahead

According to senior principal analyst for music and digital audio at Omdia, Simon Dyson, the live music sector remains in robust health. With shared experiences in high demand and artist tours selling out faster than ever, the industry is well-positioned for continued expansion through 2030 and beyond.

Electronic Rent Payments To Become Mandatory In Cyprus From July 2026

The New Mandate

From 1 July 2026, all rent payments for property located in Cyprus must be made through electronic payment methods, according to an announcement by the Cyprus Tax Department. The requirement is set out in Article 48A of the Law on Tax Collection and Receipts (Law No. 4/1978).

Universal Compliance Requirements

Both individuals and legal entities will be subject to the new regulation, regardless of the amount of rent or the type of property involved. Accepted payment methods include bank transfers, debit cards, credit cards and other recognised electronic payment channels.

Enhancing Transparency And Efficiency

Under the new rules, rent payments will no longer be accepted through non-electronic methods. Implementation of the measure forms part of the broader transition toward electronic transactions in the property rental sector.

Preparing For A Digital Future

Property owners, tenants and businesses are expected to ensure that payment arrangements comply with the new requirements before the rules take effect on 1 July 2026. All qualifying rental payments made after that date must be made using electronic payment methods.

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