Marriott Alumni Magazine

Summer 2013

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Page 9 of 51

Mu$ic Inc. Whether you’re surfin’ safari or spending time where the livin’ is easy, the sounds of summer have been heating up the music business for decades. Here’s a look at some chart-topping facts. 34 THE PERCENTAGE OF TOTAL MUSIC INDUSTRY REVENUES GENERATED BY DIGITAL DOWNLOADS. With more than 30 million licensed tracks available to download, finding a favorite song shouldn’t be a problem. Digital channels help generate $5.6 billion in revenue for the music industry annually. Even then, digital is no match for CDs, where the average consumer is still spending $17.94 each month. Sources: bango, TNS Omnibus Survey, IFPI $68.76 THE AVERAGE COST OF A 2012 NORTH AMERICAN CONCERT TICKET. Last year 36.7 million devotees across North America flocked to see their favorite artists perform live. This represents a 5 percent increase from 2011. The Material Girl is still going strong as the top grosserpulling in almost $134 million from forty-five concerts in thirty-one cities. Bruce Springsteen with his E Street Band is not far behind the top spot, raking in more than $104 million from his 2012 Wrecking Ball tour. Source: Pollstar

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