This live music revenues article was written by Kelly Crichton, a GIGSoup contributor. Edited by Zoe Anderson
Taylor Swift has had the most successful tour in terms of revenue; the ‘1989 World Tour’ played to nearly 2 million fans and netted $217,437,974. One Direction took second place, however they played more shows than anyone else. A total of 80 dates were played by the group, performing to 2,337,938 fans.
U2 topped the rock genre, performing 71 shows grossing $133,614,474. This was only enough to secure them third place on the list of the highest grossing tours.
In descending order the top ten highest grossing tours list is completed by The Rolling Stones, Kenny Chesney, Fleetwood Mac, Maroon 5, Billy Joel, Shania Twain and Luke Bryan.The lists, compiled by Billboard, include live shows across the world that took place between 12 November 2014 and 9 November 2015.
The Grateful Dead came out on top of the list of highest grossing box office takings per event for their ‘Fare Thee Well’ 50th Anniversary concerts that took place in California in July with receipts of nearly $31million. The popularity of these gigs could prompt other groups to join the growing trend of retired bands reemerging considering the substantial pay day that could be on offer.
Billy Joel comes in second on the list of highest grossing box office takings per event for his residency at Madison Square Garden in New York which saw him perform to nearly 225,000 fans across 12 nights, one night per month from November 2014 to October 2015.
The largest grossing event featuring on the list to take place on British soil is Take That at the O2 arena in July. U2 scrape in just below this at 7th in the same venue. Events such as these have helped secure the O2 Arena the top slot in the venues with a capacity of 15 thousand plus category. The venue welcomed 2.09 million event-goers, grossing a total of $178million( approx £118million). Glasgow’s SSE Hydro came out top for venues with a capacity of 10 to 15 thousand, seeing 936,000 people go through their doors and topping venues such as the MGM Grand Garden in Las Vegas.