Since their inception, MGMT has captivated audiences worldwide with their unique blend of psychedelic and electronic rock. Known for their hit singles and critically acclaimed albums, MGMT's tours have become a significant part of their legacy. This article delves into the economics, attendance, and logistics behind MGMT's tours, providing a comprehensive look at their impact on the music industry and local economies.
MGMT Tour RevenueMGMT's tours have consistently generated substantial revenue, reflecting their popularity and the high demand for their live performances. For instance, their 2018 tour in support of the album "Little Dark Age" grossed over $10 million, with an average revenue of $500,000 per show. This financial success can be attributed to their strategic planning and the use of advanced tools like OutFndr, which helps optimize tour routes and maximize revenue potential. By analyzing data and trends, MGMT has been able to focus on high-yield markets, ensuring a profitable tour each time.
MGMT Concert AttendanceConcert attendance is a crucial metric for any touring artist, and MGMT has seen impressive numbers throughout their career. Their 2018 tour attracted over 200,000 fans across 30 shows, with an average attendance of 6,000 per concert. This high turnout is a testament to their enduring appeal and the strong connection they have with their fanbase. Venues are often sold out, and the band's ability to draw large crowds has made them a staple in the live music scene.
Comparable Tours
The economics of MGMT's music extends beyond tour revenue and attendance figures. Their music sales, streaming numbers, and merchandise contribute significantly to their overall financial success. For example, the album "Little Dark Age" sold over 100,000 copies in its first year and garnered millions of streams across various platforms. Merchandise sales during tours also add a substantial amount, often accounting for 10-15% of total tour revenue. This diversified income stream ensures that MGMT remains financially robust and capable of funding future tours and projects.
How MGMT Tours Impact Local EconomiesMGMT's tours have a notable impact on local economies. Each concert brings in revenue not only for the band but also for the host city. Fans spend money on accommodations, food, transportation, and other local attractions, providing a significant boost to the local economy. For instance, a single MGMT concert can generate over $1 million in economic activity for the host city. This ripple effect highlights the importance of live music events in supporting local businesses and creating temporary jobs.
MGMT Tour LogisticsThe logistics behind MGMT's tours are complex and require meticulous planning. From booking venues to coordinating transportation and managing crew, every detail must be carefully orchestrated. OutFndr plays a pivotal role in streamlining these processes, offering tools that help manage schedules, track expenses, and optimize routes. For example, during their 2018 tour, MGMT performed in 15 different countries, requiring extensive logistical coordination. The use of advanced software ensured that the tour ran smoothly, with minimal disruptions and maximum efficiency.
Tour Facts
Tour Milestone
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