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.
Related News Articles
Pune Builder Ordered to Pay Interest for Delay in Handing Over Flat
A Pune builder has been ordered to pay interest to a buyer for delaying the handover of a flat. The Maharashtra Real Estate Regulatory Authority (MahaRERA) has ruled in favor of the buyer, who had booked a flat in a project in Pune.
Pune Set to Launch Trump World Center: India's First Trump-Branded Office Complex
Pune is set to welcome the first Trump-branded office complex in India, marking a significant milestone in the country's real estate market. This ambitious project, known as Trump World Center, is expected to bring a new level of luxury and prestige to th
Mindless Decisions and Blackmail by Congress Triggered Real Estate Downturn in Telangana, Claims KTR
Hyderabad: The erratic decisions and blackmail tactics employed by the Congress government have led to a significant revenue decline and a severe downturn in the real estate market in Telangana, according to KTR, a prominent political figure from the stat
Gautam Adani Eyes Real Estate Expansion with Rs 12,090 Crore Deal
Billionaire Gautam Adani is set to make a significant move in the Indian real estate market with a Rs 12,090 crore deal, further cementing his presence in the sector through Adani Realty and Adani Properties.
Cement Prices Likely to Rise Due to New Mineral Tax: Impact on Construction and Housing Market
The introduction of a new mineral tax is expected to increase cement prices, potentially raising construction costs and affecting the housing market. Here’s what you need to know.
Global Housing Price Rise: Mumbai and Delhi Rank High in 44 Cities
Mumbai and Delhi have witnessed a significant rise in housing prices, ranking 3rd and 5th respectively among 44 global cities during January-March 2024.