ILMC 30 SL
eps Super Leaderboard 2017
LN Source SL
Ticketmaster ILMC 30 SL
x

The latest industry news to your inbox.

news

Norwegian live biz grows to four-year high

The value of Norway's music industry topped US$440m in 2015, with 52% of revenues – nearly $229m – generated by the live sector

By IQ on 14 Dec 2016

Deathcrush, Øyafestivalen 2011, Oslo, Erik F. Brandsborg

Deathcrush at Oslo's Øyafestivalen


image © Erik F. Brandsborg

The value of the Norwegian music industry grew to a four-year high in 2015, with the live sector once again accounting for a majority of music revenue.

Total turnover increased 5% to 3.73 billion krone (kr) – roughly US$440 million – and live revenue 4%, to 1.93bn kr ($228.87m), on 2014, generated from ticket sales in Norway and artist fees from concerts outside Norway, reveals a new report by the Norwegian Arts Council (Kulturrådet). The figure is the highest since the council began compiling its Music in Numbers reports, in 2012.

Export income from concerts, however, fell 6% to 114 million kr ($13.7m), with a “fall in artist fees” blamed.

$228.87m was generated from ticket sales in, and artist fees outside, Norway

While the live industry increased its proportion of generated income – 52%, compared to 51% in 2014 – it was in 2015 outstripped in year-on-year growth by the recorded sector, which grew 9% to 884m kr ($104.4m), driven by the rise of on-demand streaming.

Using data supplied by Norwegian performance rights organisation Tono, Kulturrådet also found capital Oslo is, unsurprisingly, the city with the most live music licences (19%), while Sør-Trøndelag has the most licences in a single county.

At 3.73bn kr, Norway’s music industry was respectively 69% and 43% the size of more populous neighbours Denmark (5.42bn kr) and Sweden (8.77bn kr).

 


Get more stories like this in your inbox by signing up for IQ Index, IQ’s free email digest of essential live music industry news.

More news

Music worth €870m to European arenas in challengin... High artist fees, economic uncertainty and fewer tours failed to put much of a dent in the European arena business last year, reveals IQ's new...European Arena Yearbook
Petzi: Swiss clubs punching above their weight A new report highlights the strength of Switzerland's small venues, with 2.27m people – nearly 30% of the country – attending a show at a Petzi...member venue in 2014
Half of UK population say form 696 is discriminato... 48% of Britons believe the risk-assessment form unfairly targets certain events, reveals TM's new State of Play report, which also explores the...political impact of grime
Australian live biz posts modest growth in 2016 LPA's 2016 Ticket Attendance and Revenue Survey reveals the live entertainment business returned to growth last year, although music revenues continue...to decline
Future-focused European Festival Conference return... EFC 2017 will focus on the future of the festival business, with speakers including Glastonbury's Ben Challis, Paléo's Pascal Viot and Lolla Berlin's...Fruzsina Szép