![](\"http:\/\/www.digitalmusicnews.com\/research\/prswalletshare.jpg\")
Live music is a confusing place these days. At the top, mega-stars like Bon Jovi and U2 are making insane ransoms. Take a few steps down, and well-known artists like Imogen Heap are having difficult paying for the tour bus. \u00a0Then, the stories from developing artists are frequently discouraging, and recession-weary concertgoers are showing more selectivity.\u00a0\u00a0<\/p>\n
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So where’s this all going? \u00a0Well, a new report out of Britain shows that touring revenues are not only making up for recording declines, they are helping to grow the pot.
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The data comes from PRS for Music, Office of National Statistics (ONS), and Imperial College, and is UK-specific. \u00a0The print is a bit small (larger version here<\/span><\/span><\/a>), but it shows a modest gain in combined\u00a0<\/em>revenue over the past ten years \u00a0– despite a marked decline in recording revenue.<\/p>\n There’s also some bad news buried into this. \u00a0For starters, 2010 (estimated) shows a clear decline, and suggests a mini-bubble in 2008-9. \u00a0But it also shows a chronic\u00a0decline in consumer ‘wallet share,’ <\/strong>essentially the percentage of overall money spent by consumers. \u00a0So, the average Brit had a ‘bigger wallet’ in 2010 than 1997, but put less of that overall money on a percentage basis towards music. \u00a0Here’s the broader look. Here, the top ribbon is the wallet share for music – as you can see, it has dipped significantly over the past ten years (full-sized chart here<\/span><\/span><\/a>). \u00a0“What makes wallet share a relevant topic\u00a0to explore in early 2011 is the peculiar\u00a0and persistent squeeze that consumers\u00a0have been feeling on their wallet in recent\u00a0times; and the reality that we are in for ‘a long period of bumping along the\u00a0bottom’,” explained report author Will Page, chief economist at PRS.<\/p>\n<\/p>\n
![here<\/span><\/span><\/a>). \u00a0“What makes wallet share a relevant topic\u00a0to explore in early 2011 is the peculiar\u00a0and persistent squeeze that consumers\u00a0have been feeling on their wallet in recent\u00a0times; and the reality that we are in for ‘a long period of bumping along the\u00a0bottom’,” explained report author Will Page, chief economist at PRS.<\/p>\nThe complete report is here<\/span><\/span><\/a>.\u00a0<\/p>\nSource: Digital music News<\/p>\n","protected":false},"excerpt":{"rendered":"Live music is a confusing place these days. At the top, mega-stars like Bon Jovi…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[23],"tags":[],"class_list":["post-721","post","type-post","status-publish","format-standard","hentry","category-music-news"],"_links":{"self":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/comments?post=721"}],"version-history":[{"count":0,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/721\/revisions"}],"wp:attachment":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/media?parent=721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/categories?post=721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/tags?post=721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"http:\/\/www.digitalmusicnews.com\/research\/prswalletshare2.jpg\"){kind=link}