Wednesday, July 24, 2013

Billboard numbers show Barclays ahead of MSG in concert/family show revenue, but the Garden earns more per event

While the Barclays Center ranked first in the United State for concert tickets sold, according to Pollstar, far outdistancing Madison Square Garden (MSG), the numbers were closer regarding overall ticket revenues for concert and family shows (not sports).

MSG apparently pulled in far more revenue per show, which suggests that, once the Garden's renovations are done, it will be more competitive.

As the New York Times reported:
Overall, Barclays ranked No. 2 worldwide in ticket sales with $46.9 million, second to the O2 Arena in London, with $119 million, Billboard reported. Madison Square Garden was fourth with $39 million.
Meadowlands Matters reported:
Three of the top four U.S.-grossing arenas are in this region — No. 2 overall Barclays Center in Brooklyn ($46.9M), No. 4 Madison Square Garden in Manhattan ($39.5M), and No. 8 Prudential Center, which in the United States also trailed the sixth-ranked Staples Center in Los Angeles ($36.2M).
The Newark arena sold out 11 of 41 events, while Barclays Center sold out 20 of 90 and the Garden sold out 22 out of 33.
If MSG reaped $39.5 million from 33 shows and Barclays $46.9 million from 90 shows, that suggests that the Garden charges far higher prices and/or Barclays deliberately positioned itself to charge less and perhaps bring in smaller shows.

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