Universal Music Group, which owns Bravado, grew merch-related revenues by over 80% in the first nine months of 2019, amid a strong Q3 for the wider Vivendi group
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The number of events listed on India's largest ticket sellers, BookMyShow and Paytm, rose significantly in a bumper year for live entertainment
By Jon Chapple on 07 Jan 2020
The number of tickets sold for live events in India increased significantly in 2019, according to new data from ticketing platform BookMyShow.
The number of events listed on BookMyShow – valued at US$1 billion and “easily the dominant force in Indian ticketing”, according to the International Ticketing Yearbook 2019 – jumped 23% last year, to more than 17,500, with concerts the second-biggest attraction after ever-popular cricket.
Live events “wholly executed by” (ie sold only via) BookMyShow, meanwhile, increased 156% in 2019, reports India’s Moneycontrol.
Among the most popular live events were Sunburn festival U2’s first Indian show
Among the most popular live music events in India, a market of some 1.4bn people, last year were the 2019 edition of the Sunburn EDM festival in Goa, which was attended by 300,000 fans, and U2’s first-ever Indian show – of which more than a quarter of those who attended were first-time attendees to a live event in Mumbai (Bombay).
Elsewhere, the CEO of BookMyShow’s chief rival, Alibaba-backed Paytm, Shreyas Srinivasan, says it sold more than 7.5 million tickets in 2019, with a 25% increase in the number of events ticketed.
While live events contribute an estimated 50% of India’s online ticketing revenues, it remains films which are doing the biggest business: Avengers: Endgame was BookMyShow’s biggest event of 2019, according to the Eastern Mirror, with 8.6 million tickets sold.
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