The current boom in live concerts

Despite the drop in legal sales of records and how they're suffering at the hands of music piracy, people still continue to enjoy live music and it seems to be at its peak since a few years back.

There is many new venues being built, for example the £125 million Hydro Arena built in Glasgow opened last year and more local to home we had EPIC open just two years ago. Investment is going deep into live concert venues. 

I collected some data from around the web and found that it's true on a world wide scale too that concert revenues are scaling up. I put them in comparison with digital downloads world wide and still it is significantly higher. This is interesting, with the huge boom in festival sales and new concert venues being built, the picture becomes clearer however, I'm still surprised at how it has surpassed digital downloads. 

Ticket prices are on the rise,  since promoters have realised that they can grip many easily on a £50 ticket for a mid level act. Acts such as Barbara Streisand cost £450 a ticket for a decent place amongst the crowd. For a mere few hours of entertainment, this is ludicrous. However for many die core fans, the question of money isn't usually a concerning factor to see their idol.  It is argued that piracy is a key factor affecting the price of tickets on the rice because of the lower revenues on the recording sector.