The year 2024 has witnessed a significant increase in revenue within the music industry, attributed to a rise in ticket sales and the number of performances. The average ticket price has reached a historic high of approximately $127. Notably, the ten most profitable tours of the summer have collectively generated $3 billion, highlighting a record year for the music sector.
Taylor Swift has once again dominated the music scene for the second consecutive year, outpacing renowned artists such as Coldplay, Zach Bryan, and Bruce Springsteen. With her record-breaking 'Eras Tour,' Swift solidified her position in 2024 by performing 65 shows across Europe, Asia, and Oceania. Forbes estimates that the artist has grossed $1.15 billion, with pre-tax earnings of $400 million, bringing her net worth to approximately $1.5 billion.
Other notable artists have also recorded significant earnings. Coldplay, for instance, earned around $131 million from their 'Music of the Spheres' tour, while Bruce Springsteen grossed $101 million. Madonna and U2 also achieved commendable placements in the summer tour rankings.
Looking ahead to 2025, new contenders such as Billie Eilish, Metallica, and BTS are anticipated to make waves, with potential surprises including the highly awaited reunion tour of Oasis.