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CTS Eventim Predicts Further Rise in Concert Ticket Prices

CEO Klaus-Peter Schulenberg says organizers face higher artist fees, venue expenses and staffing shortages that are pushing costs upward.

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Overview

  • Streaming has reversed the revenue mix for artists, making live-tour income about 85% of their earnings compared to 15% before the streaming era.
  • Infrastructure and personnel costs have increased by 45% since the pandemic due to widespread staff shortages, driving up event expenses.
  • Top artists can claim more than 75% of event profits in addition to guaranteed fees, intensifying fee pressures on promoters.
  • CTS Eventim reported a net profit of €318.9 million in the past year, up from €274.6 million in 2023, and grew its workforce to nearly 4,900 employees.
  • The Munich-based company remains the world’s second-largest ticketing provider behind Live Nation, operating venues and ticket sales across Europe.