Coldplay’s Record-Breaking Shows in Mumbai and Ahmedabad Pave Way for India’s Concert Economy
The success of Coldplay’s concerts in India, particularly in Ahmedabad and Mumbai, has opened up significant opportunities in the concert economy. The potential for growth is driven by premium international properties and tier-II markets such as Surat, Ja
Concert EconomyColdplayAhmedabadMumbaiLive EventsReal Estate MumbaiJan 29, 2025
While India has been hosting live shows for at least four decades, the scale of Coldplay's concerts stands out as unprecedented.
Ahmedabad’s Narendra Modi Stadium hosted two-night performances (part of the Music of the Spheres World Tour on January 25 and 26) and saw over 2.2 lakh fans, making it the largest stadium concert of the century.
The show in Ahmedabad was preceded by another in Navi Mumbai’s D Y Patil Stadium.
One of the most significant takeaways is that distance was not a deterrent.
At least 70% of the audience in Ahmedabad came from outside the city.
For instance, Ravi Joshi traveled by train from Mumbai to save on accommodation and ticket costs.
His family spent Rs 6,000 per head for one show and Rs 25,000 at a hotel.
Frequently Asked Questions
What is the concert economy in India?
The concert economy in India refers to the significant economic impact generated by large-scale live music events and concerts, including ticket sales, merchandise, and associated tourism.
How did Coldplay's concerts in India contribute to the concert economy?
Coldplay's performances in Ahmedabad and Navi Mumbai attracted a large audience, including many from outside the cities, and generated significant revenue through ticket sales and digital streaming, highlighting the potential of the concert economy in India.
What are the future prospects for the live events segment in India?
The live events segment in India is expected to grow at a CAGR of 18% over the next three years, driven by government events, personal events, weddings, and international concerts, reaching Rs 14,300 crore by 2026.
How did digital streaming impact Coldplay's concerts in India?
Disney + Hotstar's live streaming of Coldplay's concerts in Ahmedabad attracted 83 lakh views and 16.5 crore minutes of watch time, demonstrating the power of digital platforms in extending the reach and impact of live events.
What are the key growth areas for the concert economy in India?
Key growth areas for the concert economy in India include tier-II cities like Surat, Jaipur, Ahmedabad, Vizag, Lucknow, Patna, Ayodhya, Trivandrum, and Cochin, as well as opportunities in merchandising and online content.
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