Jay Z and Beyonce's Tour Struggling? Not So Fast
Posted by Jeremy Thomas on 06.19.2014
The report are wrong...
Despite reports to the contrary, Jay Z and Beyonce's On The Run co-headlining tour is doing just fine. Billboard reports that several reports that the On The Run tour is struggling are inaccurate and that the show is on track to gross over $100 million from just nineteen shows.
According to sources close to the tour, $86 million has been grossed in ticket sales already with the tour not kicking off until June 25th in Miami. It finishes up in San Francisco on August 5th. The source adds that attendance is on track for 850,000 tickets sold, with a rep for Live Nation confirming the numbers. That equates to an average nightly gate of $5.2 million and an average attendance of 45,000 per show. Several shows are sold out with strong VIP and platinum ticket sales. This makes it on track to be one of the most successful tours this year.
Live Nation said in a statement, "The On The Run Tour opens next Wednesday in Miami's Sun Life Stadium to over 48,000 fans, then rolls to Cincinnati to a sellout crowd of more than 37,000 fans, and on July 1st more than 50,000 fans will pack Boston's Gillette Stadium. With sellout nights across North America, these first three shows are indicative of the strong demand. Overall, the tour has sold well over 750,000 tickets, grossing more than $90 million, and has unprecedented VIP and Platinum ticket sales."