Most successful music tours worldwide 2023
Taylor Swift made 2023 a historic year for the live music industry. Not only did her "Era's Tour" lead the ranking of highest grossing live music tours worldwide of that year, it was also the first tour ever to cross the 1-billion-threshold in gross revenues. By doing so, she nearly doubled the gross revenue of Beyoncé "Renaissance Tour" who ranked second in the list, grossing 580 million U.S. Dollars.
Taylor Swift and Beyoncé also dominate domestic live music market
Taylor Swift and Beyoncé, who made 2023 the first year since 2008, when two women had led the ranking of most successful worldwide tours, also came on top in their home-ground market. In fact, looking at the gross revenues of their music tours in North America, it is clear that by far the biggest share of their worldwide gross revenue originates from concerts given in that region of the globe. However, this is also true for other artists that made in into the global Top 10: Drake's live music revenues come exclusively from North America, while Morgan Wallen's share stood around 97 percent.
Concerts in 2023 raised the roof of the industry's revenue
The overall revenues from the top 100 worldwide tours also reached an historic amount in 2023. Ignoring 2020 and 2021, when the pandemic made these tour revenues plummet, revenues had been growing year by year. Yet, figures from pre-pandemic years strongly suggest that this growth was in the risk of stagnation. By contrast, the growth between 2022 and 2023 has gone through the roof, as the total revenues coming from the most successful worldwide tours increased by nearly 50 percent in 2023.
