Topline
Beyoncé made more than half a billion dollars during her Renaissance World Tour, Live Nation said Tuesday, bringing in more money than some had estimated but falling short of gross totals from fellow touring music stars Elton John and Coldplay who are on longer tours and have earned more.
Beyoncé’s 56-stop Renaissance Tour brought in $579 million, beating some expectations.
Key Facts
The singer brought in more than $579 million during her 56-stop tour that began in May, according to Live Nation.
Beyoncé has performed for 2.7 million fans during 56 performances in 39 cities around the world in the past few months.
Before Live Nation’s announcement, estimates of how much Beyoncé’s tour would gross ranged from $275 million to $2.2 billion.
Key Background
In February, when tickets for Beyoncé’s tour went on sale, Billboard estimated the months-long tour would generate between $275 million and $428 million in ticket revenue alone. Those estimates were made before the singer expanded her tour from 41 stops to 56. Other estimates of gross earnings from Beyoncé’s tour surpassed $2 billion. Demand to see the singer on her five-month long tour was high, as this was Beyoncé’s first solo tour since her 2016 Lemonade shows. Beyoncé is among several high-profile artists cashing in on increased concert demand in the post-pandemic era. Taylor Swift, who also returned to the concert scene following a hiatus, has spent months performing on her Eras world tour that some are estimating could gross $2.2 billion, coming in neck-in-neck with some of Beyoncé’s top estimations. Elton John is currently on a 330-stop multi-year tour that has grossed more than $939 million, making it the highest-grossing concert in history, according to Billboard. And Coldplay has earned more than $617 million so far in their worldwide tour that has dates scheduled through 2024, Billboard reported.
What To Watch For
Over the summer, Live Nation reported its strongest second quarter ever, as demand for concerts like Beyoncé’s grew. The company reported revenue of $5.6 billion in the second quarter, marking a sharp increase from the year prior when the company earned $4.4 billion in the second quarter. Live Nation’s third quarter earnings—the quarter in which Beyoncé’s tour ended—will be released in early November.
Tangent
The widely popular tour was filmed and will be released December 1 in movie form. The movie, Renaissance: A Film By Beyoncé, will run for at least four weeks in AMC theaters across the U.S., Canada and Mexico and includes behind-the-scenes footage from the production of the tour. The movie will also be shown at other theaters including Regal and Cinemark. It’s unclear exactly how much potential revenue the singer could make from the film.
Big Number
$4.4 billion. That’s how much money the New York Times estimated Beyoncé will have generated for the American economy by the end of the Renaissance tour.
Further Reading
AMC Shares Rise In Premarket As Beyoncé Announces Renaissance Tour Film (Forbes)
Beyonce Kicks Off Tour In Europe—Here’s What We Know (Forbes)
