Taylor Swift’s Eras Tour is the highest grossing tour of all time, grossing over $2B

[bionic 50,107]

Rita Ora will outsell when she next tours

[River 117,667]

50 minutes ago, Tinnitus15 said:

Yeah only tickets. Several articles mentioned how she boosted the local economies around the world( I think she boosted Britain’s economy with like £1 billion)  

that's not entirely true lol

https://www.newsweek.com/taylor-swift-economic-boost-claims-debunked-barclays-radio-1905872

It all started with a predication that it will boost the economy, but the prediction didn't count the actual local ticket holders, which were the majority in every concert, so their money was already part of the economy and will remain as part of the economy anyway, and the amount of money that the non local ticket holders, the tourist, is the same amount that every major big city had every time, so maybe it boost slightly, but not in the big numbers that the american newspapers says.

[Divine 1,909]

12 minutes ago, River said:

that's not entirely true lol

https://www.newsweek.com/taylor-swift-economic-boost-claims-debunked-barclays-radio-1905872

It all started with a predication that it will boost the economy, but the prediction didn't count the actual local ticket holders, which were the majority in every concert, so their money was already part of the economy and will remain as part of the economy anyway, and the amount of money that the non local ticket holders, the tourist, is the same amount that every major big city had every time, so maybe it boost slightly, but not in the big numbers that the american newspapers says.

Too much effort on that. Anyways. 

Well, congrats to her and to the workers who benefited to this massive achievement! Truly impressive numbers.

Edited December 9, 2024 by Divine

[Divine 1,909]

52 minutes ago, Magneto said:

I wonder what's next. I know I would need a big break, but Taylor literally can't stop writing so we'll see

Reputation TV I think? But she should prolly rest and hit it with a bang after the silence from her break.

[nATAH 50,281]

well no wonder, this shits been going on forever

[weed 74,276]

Legendary, creating history.

So exciting for her. $200 avg ticket is good!

[lastpopicon 35,405]

slay miss tay, we are very happy for the resounding success of the eras tour we are just sad it ended 

[Bronco 12,136]

1 hour ago, River said:

It all started with a predication that it will boost the economy, but the prediction didn't count the actual local ticket holders, which were the majority in every concert, so their money was already part of the economy and will remain as part of the economy anyway, and the amount of money that the non local ticket holders, the tourist, is the same amount that every major big city had every time, so maybe it boost slightly, but not in the big numbers that the american newspapers says.

Yeah I personally don't buy this. 

That researcher's "debunking" is essentially going "yes these people will spend as predicted in the areas the shows happen as predicted but because they are from the UK these people were guaranteed to spend that money in the UK anyway". 

Which is just not realistic. With a ticket costing lets say an average of £150, transport being £100, a one night stay being £150. That person has spent £400 before food, outfits & merch are factored in which could easily push it up to £600. 
Given the current UK economic position this year - are we really saying that this concert goer would have spent that £600 in the UK economy otherwise? Or would it have gone into savings (which don't contribute to the local or national economy) or gone into paying off pre-existing debt (which again doesn't contribute) or would this £600 been spent on a weekend holiday (which contributes to another country's economy)? 

So the researcher's premise is flawed af. 

[Illuminati 15,942]

51 minutes ago, nATAH said:

well no wonder, this shits been going on forever

It's not even that big of a show count, there are recent tours with 200, 300 shows, literally double the dates

[dit 46,518]

no matter what anyone says she worked soooo hard on this tour. 3 hours and a half for 139 dates around the world, released 3 albums during the tour, lots of music videos etc..etc...she is work so hard and I am proud of her. She is the only popstar i am ok with her doing more than Gaga success wise because works hard for it

[River 117,667]

45 minutes ago, Bronco said:

Yeah I personally don't buy this. 

That researcher's "debunking" is essentially going "yes these people will spend as predicted in the areas the shows happen as predicted but because they are from the UK these people were guaranteed to spend that money in the UK anyway". 

Which is just not realistic. With a ticket costing lets say an average of £150, transport being £100, a one night stay being £150. That person has spent £400 before food, outfits & merch are factored in which could easily push it up to £600. 
Given the current UK economic position this year - are we really saying that this concert goer would have spent that £600 in the UK economy otherwise? Or would it have gone into savings (which don't contribute to the local or national economy) or gone into paying off pre-existing debt (which again doesn't contribute) or would this £600 been spent on a weekend holiday (which contributes to another country's economy)? 

So the researcher's premise is flawed af. 

but you can say it for every single concert and not just about Taylor's one, so the impact to the economy is very little, for every concert these people would spend more or less the same, inside the UK.

A person who lives outside of London, would take the same bus to Charlie's concert and to Taylor's concert and they would spend the same amount of money for accommodation.

Except for food and maybe outfits (not everyone is buying new clothes for a concert), merch gain will go to the artist, sometimes they merch is tax free, so the country will gain 0 from the sale.

So it is really an exaggerating to say that it has a big impact on the economy.

[julz 7,363]

Deserved! No one will beat this record... in a very very long time.

[julz 7,363]

Deserved! No one will beat this record... in a very very long time.

[Creyk 17,826]

3 hours ago, Magneto said:

I wonder what's next. I know I would need a big break, but Taylor literally can't stop writing so we'll see

If she was releasing anything soon, yesterday would have been the time to announce it but she didn't so I think she is taking a break for at least 4 months. She keeps teasing Reputation like with the mashup last night, but it is probably not coming soon.

[Bronco 12,136]

1 hour ago, River said:

but you can say it for every single concert and not just about Taylor's one, so the impact to the economy is very little, for every concert these people would spend more or less the same, inside the UK.

A person who lives outside of London, would take the same bus to Charlie's concert and to Taylor's concert and they would spend the same amount of money for accommodation.

Except for food and maybe outfits (not everyone is buying new clothes for a concert), merch gain will go to the artist, sometimes they merch is tax free, so the country will gain 0 from the sale.

So it is really an exaggerating to say that it has a big impact on the economy.

Its the scale that was relevant for Taylor tbf. 8 Wembley shows are way more economically impactful than 1 or 2 02 Arena shows. If you look at the original claim made by I believe Barclays about the effect of the Tour in the UK the estimates aren't egregious. They're around the numbers I suggested. The noticeable impact comes from the fact that Taylor's tour set up created mini residencies in a lot of the city stops. Combined with the Swiftie mania bringing people into the area without tickets just to stand outside to hear it which is then additional spending brought in for hotels etc.

I do think the hype about the economic impact is overblown, but I do think a researcher from a mid-league uni trying to claim all that money was being spent a specific way regardless of the tour to completely write off the idea of an economic impact is just stupid.