Michael Rapino, chief executive of Live Nation, said the group’s Q2 financial results show demand for live music is “strong and growing from the largest stadiums to local clubs.”

The entertainment giant has seen ticket revenue rise 16 per cent for the first half of 2019, with more than 73 million tickets sold so far this year.

It reported selling 27 million tickets to 10,000 shows in its second quarter 2019 financial results, which is up seven and nine per cent, respectively.

Michael Rapino, president and chief executive of Live Nation, said: “We continue to benefit from a strong tailwind in the live event, experience-based economy of today. The global ticket revenue from our concerts is up 16% for the first half of the year, as we continue to see a strong supply of artists touring matched with global consumer demand.

“And within this, the ticket revenue from concerts outside our top 100 artists is up 32% so far this year, demonstrating that the demand for live music is strong and growing from the largest stadiums to the local clubs.”

Image: Live Nation