CTS Eventim must amend or terminate its exclusivity deals with promoters to free up at least 20% of ticket inventory, says the Bundeskartellamt competition watchdog
Sign up for IQ Index
The latest industry news to your inbox.
The figure, a 20 per cent increase on 2012, represents over 51 per cent of music revenues in Norway
By IQ on 12 Jan 2016
The Norwegian live music market was worth 1.8 billion krone ($203m) in 2014, a 20 per cent increase on 2012, according to a new report by Arts Council Norway.
Music in Numbers 2014 (Musikk i tall 2014) also reveals that the export of Norwegian music – that’s live music, recorded music and licensing – generated a total revenue of 223m krone (kr), or $25.2m, in 2014, an increase of kr5m on 2013.
The industry as a whole had a turnover of $395m in 2014 – down two per cent on 2013, but up seven per cent compared to 2012 – meaning that, as Norway transitions to “a streaming-based economy”, live concerts generated over 51 per cent of its total revenue from music.
“The numbers confirm a tendency we have been seeing the last few years: that there is an increasing demand for Norwegian music internationally,” says Music Norway director Kathrine Synnes Finnskog.