The festival market - Spain

As of 2020 and beyond, the global festival market, specifically focusing on music festivals, faced significant challenges due to the COVID-19 pandemic. Prior to the pandemic, the market had experienced considerable growth, with Europe's festival market increasing by 65.22%. However, health restrictions and the ban on large-scale gatherings led to a dramatic halt in 2020, causing widespread postponements and cancellations, such as Spain's Viña Rock and Primavera Sound. This resulted in substantial financial losses, with the Spanish live music industry alone suffering a 600 million euro shortfall.

Festivals adapted by moving online, engaging audiences on social media platforms with varying success. Investment in the performing arts sector, which includes festival organization, remained significant, with around 90 million euros invested in 2020 in Spain. Despite the crisis, the number of festivals in Spain grew to 917 in 2020, signalling resilience and the potential for recovery. As restrictions ease, the sector aims to bounce back, adapting to new consumer behaviors and safety expectations.

Resilience and Recovery: Trends in the Spanish Festival Market

In recent years, the Spanish festival market has seen a remarkable trajectory, with consistent growth being the norm until it met an unexpected challenge in the form of the coronavirus pandemic. Despite this, a blend of cultural vibrancy and the resilient nature of the industry has allowed for a strong rebound in the aftermath. Prior to the pandemic, the Spanish festival scene flourished, with particular note given to the music festival sector, which reached new heights by pulling in revenues amounting to approximately between €350 and €400 million. The sheer number of festivals increased by 66% from 2005 to 2020, indicating the sector's robust expansion, underpinned by growing public interest and the burgeoning appeal of cultural tourism. Music festivals take the spotlight in the Spanish arena with Catalonia, Andalusia, Madrid, and the Valencia region being the epicenters of festival activities. These regions not only captivate the local audience but also draw international crowds, thereby boosting foreign demand considerably. In fact, the rapid growth of this sector pushed Spain from a fifth-place ranking to the global leader in music festival tourism.

The festivals attract a diverse crowd, with the average spend per tourist hovering around €300, showcasing the willingness of patrons to invest in these cultural experiences. An analysis of audience demographics reveals that the music arts attract a fairly balanced gender representation, with a slight predominance of attendance by men. Moreover, the younger generation, particularly those under 24 years, show the highest attendance rates, which taper as age increases. Education level also plays a pivotal role, reflecting the trend that those with higher education levels are more likely to frequent these events. Despite the setback caused by COVID-19, the sector demonstrates resilience. Leveraging social networks, festival organizers explored novel approaches to reaching audiences, with a variety of online initiatives sprouting during the pandemic containment period. This adaptability underlines the sector's potential to evolve in the face of adversity. With a unique mesh of demographics ranging across various age groups and educational backgrounds, and a continuously robust demand from foreign tourists, the industry shows no signs of slowing down, firmly positioning itself for future growth and recovery.

Navigating the Melodic Waters: Key Players in the Festival Market Landscape

The vibrant tapestry of the festival market is intricately woven with a variety of key players. These entities not only shape the experiences that throngs of festival-goers cherish but also play crucial roles in framing the market dynamics at play.

• Vivendi and Universal Music Group: At the apex of the music industry's hierarchy sits the colossal entity, Vivendi, with its subsidiary Universal Music Group. As a behemoth in the recording universe, Universal Music stretches its influence far beyond traditional records into the live festival scenes, leveraging its extensive catalogue of artists to prop up festival lineups with star-studded performers.
• Sony Music: Another giant straddling the musical cosmos is Sony Music. With a plethora of signed artists across various genres, Sony is instrumental in populating festival stages. Their vested interest in promoting their artists means ensuring presence at key festivals and thereby influencing the festival market rosters.
• Live Nation and Ticketmaster: Bridging the gap between anticipation and experience is Live Nation and its ticketing counterpart Ticketmaster. These firms are paramount to the festival framework, operating as the conduit through which fans secure access. Their grip on ticket distribution means they hold a pivotal role in the logistic execution and commercial success of festivals.
• Eventbrite: Smaller in scale yet significant in impact, Eventbrite functions as an alternative ticketing platform that caters to a wide range of events, including niche and emerging festivals. Their role signifies the market's diverse nature, offering robust solutions for event discovery and ticketing.
• Viagogo: Completing the ticketing triad, Viagogo offers a global marketplace for ticket resale. This player adds another layer to the ticketing ecosystem, affecting the accessibility and pricing dynamics of festival attendance.

The interplay between these influential entities—from music behemoths curating the soundscapes, to ticketing platforms controlling the gates—paints a vivid picture of the festival market's complex and lively nature. Through their respective domains, they determine not only what the market offers but also how fans engage with the festival experiences that resonate with rhythms and memories.

Inforamtion

• Number of pages : ~ 40 pages
• Format : Digital and PDF versions

Summary and extracts

List of charts presented in this market study

• Estimating the music festival market in Europe
• Classification of festivals by revenue
• Sales trends for concerts and music festivals
• Sales trends in creative, artistic and entertainment activities
• Number of music festivals
• Top 10 music festivals by attendance
• Foreign spectators by country of origin
• Music festival sales by month
• Breakdown of costs and investments in the performing arts sector (code 9001)
• People who attended a musical arts performance during the year, by gender
• People who attended a musical art show during the year, by age
• People who attended a musical art performance during the year, by level of study