1

Nielsen 360 report examines concert behaviors and data

Newswire chart templateNielsen’s latest data is a Live Event 360 report, which analyzes fan behavior around concerts. People who attended at least one concert or festival in the past year spent 60% of their average annual music budget on attending those performances. That demographic also spends 12% of their music budget on streaming subscriptions and satellite radio and 12% on CDs or vinyl.

Although the Nielsen report is focused on finding brand and marketing opportunities around live shows, there’s also an intriguing perspective for digital music platforms. The data examined ‘second-hand reach’ for concerts, the actions fans take if they cannot attend in person. A third of respondents (34%) will follow it on social media; 21% will read reviews, 19% will watch a live online broadcast, and 17% will text people who are at the event.

Given the relationships many streaming music platforms have developed in video and in concerts, combining those features into live-streaming performances could be an interesting new business development. Pandora and Tidal have both recently explored this niche, and we’ll likely see more efforts in that space in the future.

Be Sociable, Share!

One Comment

  1. Majority of the current artists I like are European and they tour mainly in Europe. If I want to see a concert by them, I’ll purchase a DVD they’ve put out. I can’t afford to be flying over to Europe.

    Of the oldies artists I like, some have passed away, some are still alive. Of the ones that are still alive, some I’ve been able to see in concert recently, others have retired.

Leave a Reply

Your email address will not be published. Required fields are marked *