New York outsells Los Angeles and London when it comes to ticket sales and employs more people in the music business, according to the Mayor’s Office of Media and Entertainment, which released details of its first major economic impact study on the music industry on Wednesday.
The city supports 60,000 music-related jobs, pays $5 billion in wages and that it results in $21 billion in economic output, according to the report, which was conducted by Boston Consulting Group.
The report suggests that New York venues sold more tickets than any other major Western city. New York venues sold some 5.4 million concert tickets, versus London on 4.2 million and 1.7 million in Los Angeles, the study finds.
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