Coldplay's Music of the Spheres Tour: A financial boost for cities across the globe
Coldplay is breaking records and driving massive economic activity worldwide
Coldplay's Music of the Spheres World Tour was an instant success, selling over a million tickets in 24 hours for its initial six dates announced in 2021 and going on to break records across the globe:
Broke the attendance record for France’s national stadium
Sold out tickets in record time for their first-ever show in Romania
Had a record-breaking 400,000 fans in the virtual queue to buy tickets for their first-ever Malaysian show
Not to mention the government of Argentina has introduced a special exchange rate for Coldplay concerts and other international artists, dubbed the Coldplay Dollar, in reference to the 10 sold-out dates the band played there last October – and one of the shows being broadcast to 80 countries, making it the first-ever live worldwide cinema broadcast of a concert from Latin America.
Soaring ticket sales have commanded new shows to be added to the lineup over the past two years, and the latest additions in Europe have now extended the tour into summer 2024.
The economic impact of The Music of the Spheres World Tour
In total, the sold-out tour has earned $617M+ in ticket sales alone so far. Boasting over 107 shows and 6.3 million attendees total, The Music of the Spheres World Tour currently ranks fourth on Billboard’s list of top 10 highest-grossing tours of all time, outranking their A Head Full of Dreams Tour from 2016-2017, which ranks at number 9 on the list.
How much money will one of the most lucrative tours in history generate in local spending? Let’s take a closer look at how Coldplay’s concerts will impact local spending for three of the band’s upcoming stops during their West Coast North America run:
1. Seattle, Washington: $5.8M+
The band’s Seattle show at Lumen Field on Wednesday, September 20 will have a massive impact on the city’s economy, with 68,740 attendees predicted to drive $5,805,734 in local spending for just one night:
Accommodation: $1,239,176
Transportation: $1,078,499
Restaurants: $3,488,059
2. Vancouver, British Columbia: $1.8M+
Coldplay then heads north, stopping at Vancouver on Friday, September 22 where 30,279 fans will fill BC Place to capacity – and drive $1,852,513 in spending on local hotels, ground-based transportation, and restaurants:
Accommodation: $283,583
Transportation: $384,278
Restaurants: $1,184,652
3. Pasadena, California: $14.4M+
Coldplay is then set to play two shows at the Rose Bowl Stadium on Saturday, September 30 and Sunday, October 1. Both of the sold out shows will fill the stadium’s capacity at 90,888 attendees, and drive a total of $7,200,402 in local spending for each night, making an economic impact of over $14.4M for the weekend:
Accommodation: $1,664,273
Transportation: $1,327,804
Restaurants: $4,208,325
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