Buy custom Uk Venue Industry 2007
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| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1815 |
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The buyer was MAMA, which, like Live Nation, has an artists services division, giving it a piece of the artist management pie. The company occupies a middle-ground niche behind concert giants Live Nation and AEG. Its artist management business guides top bands including Kaiser Chiefs, Franz Ferdinand and the Cribs as well as a stable of in-demand producers and songwriters...
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Like Live Nation, it also owns a ticketing business.
Shift in Revenue Generation
One of the key drivers behind this form of consolidation was a shift in revenue generation, within the events industry. This has changed in two ways; firstly, whilst live music events were once a way to promote CD sales, with the rise of the digital download, CD’s now account for just 25% of total music industry revenues and the process works the other way round; CD’s promote tours...
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