Norwegian concert market tops $203m

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.