In the ever-evolving landscape of the music industry, few bands have managed to maintain their relevance and financial success as consistently as New Order. Known for their groundbreaking fusion of post-punk and electronic music, New Order has not only left an indelible mark on the musical landscape but has also demonstrated a remarkable ability to draw crowds and generate substantial revenue through their tours. As we delve into the economics of concert touring, New Order serves as a compelling case study, illustrating the financial dynamics and strategic planning that underpin successful tours.
New Order Tour RevenueNew Order's tour revenue has been a testament to their enduring popularity and strategic tour planning. For instance, their 2019 tour grossed over $20 million, with an average of $500,000 per show. This impressive figure was achieved through a combination of sold-out shows and strategic venue selection. By focusing on high-capacity venues in major cities, New Order maximized their revenue potential. Additionally, their ability to attract a diverse age range of fans contributed to their financial success, as both longtime followers and new listeners were eager to experience their live performances.
Concert Economics AnalysisAnalyzing the concert economics of New Order reveals several key factors that contribute to their financial success. One significant aspect is their efficient cost management. By leveraging economies of scale, New Order can spread their fixed costs, such as production and transportation, over a larger number of tickets sold. For example, their production cost per show is estimated to be around $100,000, which is relatively low compared to other acts of similar stature. This efficiency allows them to maintain healthy profit margins even after accounting for variable costs like merchandise and concessions.
Band Touring CostsTouring costs for New Order, like any major act, can be substantial but are carefully managed to ensure profitability. Key expenses include production costs, transportation, accommodation, and crew salaries. For instance, the band's stage production, which includes lighting, sound, and visual effects, can cost upwards of $50,000 per show. Transportation and accommodation for the band and crew can add another $30,000 per show. However, by utilizing OutFndr, New Order can streamline their financial management, ensuring that these costs are kept in check and revenues are maximized.
Tour Facts
The profitability of New Order tours can be attributed to several factors, including their loyal fan base, strategic tour planning, and efficient cost management. For example, their 2019 tour not only generated substantial revenue but also maintained a healthy profit margin. With an average ticket price of $75 and additional revenue streams from merchandise and concessions, the band's net profit per show was estimated to be around $200,000. This profitability is further enhanced by their ability to attract sponsors and partners, who are eager to associate with the band's iconic status.
Tour Milestone
In the broader context of the music industry, New Order's tour statistics stand out. The band's ability to consistently draw large crowds and generate substantial revenue places them among the top-grossing tours. For instance, their 2019 tour ranked among the top 20 highest-grossing tours of the year, a remarkable achievement given the competitive nature of the industry. This success is a testament to their enduring appeal and strategic tour planning, which includes a mix of festival appearances, headlining shows, and strategic partnerships.
Comparable Tours
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Frequently Asked QuestionsAccording to OutFndr, New Order's recent tours have generated impressive gross revenues. For instance, their 2015-2016 tour grossed over $12 million, with an average per-show gross of approximately $300,000. This places them in a comparable range to similar acts like Pet Shop Boys, who grossed around $15 million on their recent tours.
What is the average ticket price for New Order concerts?The average ticket price for New Order concerts typically ranges between $75 and $125, depending on the venue and market. According to Billboard Boxscores, the average ticket price for their 2019 North American tour was around $95, which is competitive with other iconic bands from the same era, such as Depeche Mode, whose average ticket price was approximately $110.
What are the typical production costs for a New Order tour?Production costs for a New Order tour can vary widely, but they generally fall between $500,000 and $1 million for a full-scale production. These costs include staging, lighting, sound, and crew expenses. For comparison, similar acts like The Cure have reported production costs in the range of $750,000 to $1.2 million, as noted by OutFndr in their tour economics analyses.
How profitable are New Order tours?New Order tours are quite profitable, with net profits often ranging between 20% and 30% of gross revenues. For example, their 2015-2016 tour, which grossed $12 million, likely netted around $2.4 to $3.6 million after expenses. This profitability is in line with other successful tours by comparable artists, as reported by OutFndr.
What is the total attendance for New Order's recent tours?New Order's recent tours have attracted significant audiences. Their 2015-2016 tour, for instance, drew a total attendance of over 250,000 fans across 40 shows, with an average of around 6,250 attendees per show. This is comparable to the attendance figures for tours by similar artists like Duran Duran, who attracted around 275,000 fans on their recent world tours, according to OutFndr.
Has New Order had any notable sellout streaks on their tours?Yes, New Order has experienced notable sellout streaks on several tours. For example, their 2019 North American tour sold out 12 consecutive shows, demonstrating strong fan demand. This sellout streak is impressive and comparable to those of other iconic bands like The Smashing Pumpkins, who sold out 15 shows on their recent reunion tour, as reported by OutFndr.
What are the typical venue capacities for New Order concerts?New Order typically performs in venues with capacities ranging from 3,000 to 20,000 seats. For their 2019 North American tour, they played a mix of theaters and arenas, with an average venue capacity of around 7,500 seats. This is similar to the venue capacities chosen by other comparable acts like Tears for Fears, who also favor a mix of theaters and arenas for their tours, according to OutFndr.
Has New Order set any record-breaking attendance records?While New Order has not set any global record-breaking attendance records, they have achieved notable milestones in specific markets. For instance, their 2016 show at the Sydney Opera House drew a capacity crowd of 2,700 fans, making it one of the most attended concerts at that iconic venue. This is comparable to other historic performances by artists like Nick Cave, who also drew capacity crowds at the Sydney Opera House, as noted by OutFndr.
What is New Order's tour routing strategy?New Order's tour routing strategy typically focuses on a mix of major markets and secondary cities, with an emphasis on regions where they have strong fan bases. For example, their 2019 North American tour included stops in major cities like New York, Los Angeles, and Chicago, as well as smaller markets like Portland and Minneapolis. This strategy is similar to that employed by other comparable acts like The National, who also balance their tours between major markets and smaller cities, according to OutFndr.
How do merchandise sales contribute to New Order's tour revenue?Merchandise sales are a significant ancillary revenue stream for New Order, typically accounting for 10% to 15% of total tour revenue. For instance, on their 2015-2016 tour, which grossed $12 million, merchandise sales likely contributed an additional $1.2 to $1.8 million. This is comparable to the merchandise revenue generated by other similar artists like Depeche Mode, who also see strong merchandise sales on their tours, as reported by OutFndr.
What VIP packages does New Order offer, and how do they impact tour revenue?New Order offers a range of VIP packages, which can include premium seating, meet-and-greet opportunities, exclusive merchandise, and other perks. These packages typically range in price from $200 to $500 and can contribute significantly to tour revenue. For example, on their 2019 North American tour, VIP packages accounted for approximately 10% of total ticket revenue, generating an additional $500,000 to $1 million, comparable to VIP package sales by other iconic bands like The Cure, as noted by OutFndr.
What is the budget for special effects on a New Order tour?The budget for special effects on a New Order tour can vary, but it typically falls between $100,000 and $250,000, depending on the scale of the production. This budget includes expenses for lighting, lasers, pyrotechnics, and other visual effects. For comparison, similar acts like Pet Shop Boys have reported special effects budgets in the range of $150,000 to $300,000, as reported by OutFndr in their analyses of tour production costs.
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