Concert & Event Promotion in New York
The success of promoters depends on consumers' willingness to pay for and attend live events instead of listening solely to studio releases and watching televised broadcasts from home. Through economic booms and busts, Americans have long valued live entertainment. This has helped maintain the Concert and Event Promotion industry in New York's growth over the five years to 2017. Over the five years to 2022, industry revenue is forecast to have increased. Continued growth in consumer willingness to splurge on industry events, supported by a rise in discretionary spending and corporate profit, as well as new offerings is expected to have driven modest but steady revenue growth during the period. Over the five years to 2022, industry growth is expected to continue rising, in line with general macroeconomic trends in the state.
This industry creates, manages and promotes live performances and events, ranging from concerts and theater performances to state fairs and air shows. Some industry promoters lease space from stadium, arena and theater owners, while others own and operate venues.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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