With the renovation of historic halls in markets large and small, and new arenas under discussion or construction everywhere from the New York suburbs to San Francisco, a building boom is reshaping the live-music landscape. The total investment is difficult to estimate, but individual projects in North America tracked by Billboard, like The Met Philadelphia, have cost millions — and, collectively, billions.
What’s driving and guiding all this spending? Executives from four of the live-music industry’s top firms involved with venue operation and development — AEG Worldwide, Oak View Group, Live Nation and SMG Worldwide — say that their expanding sector is fueling aggressive strategies among venue owners.
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