Music: Three-quarters of a billion pounds is contributed to the UK economy by secondary ticket market

How is the music ticket market contributing to the UK economy?

Transcript

00:00Three quarters of a billion pounds was invested in local businesses.

00:06This is outside of the ticket purchasing.

00:08So you can think about the fan that goes to an event in London, or maybe they travel up

00:13to Liverpool, and what they are willing to invest in local businesses around the event.

00:20So maybe it's going to dinner, it's the travel to location, it could be the hotels, it could

00:24be they buy merchandise from artists and things like that.

00:28And it's a material impact in what it does.

00:30It also supports about 8,000 jobs in the UK, and this is per annum.

00:35Think about your own personal antidotes of when you go to live entertainment.

00:38You know, you want to make a whole event out of it.

00:41It's not just about the two and a half hours or three hours at the gig or the sporting

00:46event.

00:47People will value live entertainment through and through, and I don't think that that's

00:51ever going to stop.

00:52Being out, you know, going to the event, being in the atmosphere, adding to the atmosphere

00:56is very, very valuable to people.

00:58And I think that's only going to increase over time.