Japan’s live music industry saw its revenues grow to more than $3bn (£2.3bn/€2.7bn) in 2018, lifted by increased attendances for local acts and higher ticket prices.
The country hit a record high in 2017, and broke that same record last year with a rise of 3.7 per cent, despite a decline of 0.6 per cent in the number of shows, according to the All-Japan Concert and Live Entertainment Promoters Conference’s (ACPC) 2018 research report.
Last year saw the Japanese live industry’s total revenues hit ¥344,823,220,000 ($3.1bn), a jump of ¥12bn ($108m) on 2017.
ACPC reported that the drop in the number of events is largely a result of an “insufficiency of venues caused by the preparations for the Tokyo 2020 Olympics”, as well as a growing concentration of shows at the weekend.
As a result of this, last week it was announced that the Japan Top League Alliance (JTL) and the ACPC joined forces to form a new organisation designed to enhance the use of stadia and arenas in the country.
ACPC was founded in 1988 and groups together promoters who organise music concerts and other entertainment events. It currently has 68 members and 102 associate members.
However, in 2018, the number of arena or stadium performances by domestic artists and bands increased in Japan to almost 4.9 million, with an attendee boost of 3.9 per cent.
International acts saw a further fall of 11.1 per cent, after falling by 4.6 per cent in 2017.
However, the rise of ticket prices by 2 per cent to an average of ¥7,092 ($64) helped to offset the small drop in international shows.