5 reasons why live music stays thriving during recessions

5 reasons why live music stays thriving during recessions

BSR Agency/Getty ImagesThe live music industry is particularly well-positioned to hold up during a recession.Goldman Sachs laid out five reasons why the industry has historically been resilient during downturns.The firm finds that people prioritize live music, even when spending is tight.Recession talk is getting louder across Wall Street. But even if the US slips into full-fledged economic downturn, one industry is well-positioned to weather th…

The Evolution of Live Performances: From Small Clubs to Big Stadiums

Live music has always been a powerful way for artists to connect with their audiences. However, it is not one-sided, as many fans love listening to their favorite artists live. This can be attributed to the increasing number of Americans willing to spend more on live events. According to Statista, the average price of concert tickets has increased by 67% since 2011. Data from 2023 shows that one in three Americans was willing to spend even more …