Live Nation Entertainment Announces New Touring Record: U2 360 Is the Most Successful Tour of All Time
LOS ANGELES, April 11, 2011 -- Live Nation Entertainment today announced U2 360 is the most successful tour of all time. Following last night's sold-out show at Morumbi Stadium in Sao Paulo, Brazil U2 360 will break the previous record held by the Rolling Stones, Bigger Bang Tour which grossed $554 million from 2005 - 07. With 26 shows left before the tour finishes in Canada on July 30, U2 360 will also set a new record as the top grossing tour of all time, with final ticket sales due to surpass $700 million.
Arthur Fogel, U2's Tour Promoter and Producer said, "These numbers are staggering, a fantastic result. U2 have invented a new style of rock show and they continue to deliver their fans the best possible live experience. An in-the-round transportable stadium production is something that the touring industry has been trying to figure out for some time. The extra capacity that the U2 360 creates also allows for a large number, several thousand in fact, of low priced tickets at every show".
So far U2 360 has played to 5 million people across Europe, Russia, North America, South America, South Africa, Australia andNew Zealand. By the tour end on July 30, more than 7 million people will have seen this revolutionary production with 110 shows in 30 countries across five continents.
U2's Manager, Paul McGuinness said, "That dollar figure for the gross looks enormous! Of course I can't tell you what the net is, but I can tell you that the band spend enormous sums on production for their audience. Fans all over the world agree that a ticket to U2 360 is good value for money. We're really proud of this tour and this achievement is great news, coming as we head back into North America."
About Live Nation Entertainment:
Live Nation Entertainment is the world's leading live entertainment and eCommerce company, comprised of four market leaders:Ticketmaster.com, Live Nation Concerts, Front Line Management Group and Live Nation Network. Ticketmaster.com is the global event ticketing leader and one of the world's top five eCommerce sites, with over 26 million monthly unique visitors. Live Nation Concerts produces over 20,000 shows annually for more than 2,000 artists globally. Front Line is the world's top artist management company, representing over 250 artists. These businesses power Live Nation Network, the leading provider of entertainment marketing solutions, enabling over 800 advertisers to tap into the 200 million consumers Live Nation delivers annually through its live event and digital platforms. For additional information, visit www.livenation.com/investors.
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SOURCE Live Nation Entertainment