DAE Global
DAE Global is one of the world’s leading international creative and production practitioners, creating award-winning sport, culture and entertainment experiences for over 30 years. It was…
read moreJapanese ticketing firm Pia has unveiled ambitious plans to build and operate its own concert arena in an effort to ramp up its income by boosting the number of venues in the country.
The 10,000-seat arena will cost more than 10 billion yen (US$89.3 million) and is set to be operational by 2020.
The four-story building is to be constructed on a 12,000 metre² area of land in Yokohama’s Minato Mirai district, which Pia has rented from the Mitsubishi Estate.
Currently, the concert market in Japan is booming with an estimated 160 billion yen generated in 2010. Pia reports that the market has more than doubled across a five-year period.
Pia’s plan for its new venue is to only host concerts, as it hopes that its focus will likely bring in big-name artists. Most other arenas in the area also host sporting events.
While the market is flourishing, there are concerns over the upcoming shortage of venues starting in 2020, as many ageing sites plan to undergo major renovation work to deal.
Pia’s sales for the previous fiscal year that ended in March saw a 10% rise to 152.8 billion yen, while operating profit climbed 17% to 1.7 billion yen. The ticketing market remains strong in Japan as consumers continue to spend more on events such as concerts and sporting events.
Despite this trend, there are still concerns over the future correlation between a decline in venue seating and the number of ticket sales. Pia’s move to build its own area looks to counteract the change by boosting its own ticket sales, as well as encouraging the overall live music industry.
Image: Yokohama Arena.
19th July 2017 - POLLSTAR MID-YEAR RANKINGS SHOW AUSTRALIA’S OUTDOOR VENUES ECLIPSING INDOOR ARENAS
19th June 2017 - JAPAN LOOKS TO FUTURE SPORT INDUSTRY GROWTH
4th August 2016 - NEW SPORTS CONFIRMED FOR THE 2020 TOKYO OLYMPIC GAMES
25th May 2016 - JAPAN’S NEW 45 TEAM BASKETBALL LEAGUE SET FOR OCTOBER START
28th September 2015 - YOKOHAMA TO HOST 2019 RUGBY WORLD CUP FINAL
27th May 2014 - STADIA & ARENA ASIA PACIFIC 2014 TO ADDRESS RISE OF ASIAN VENUES
Support our industry news service
We hope that you value the news that we publish so while you're here can we ask for your support?
As an independent publisher, we need reader support for our industry news gathering so ask that - if you don't already do so - you back us by subscribing to the printed Australasian Leisure Management magazine and/or our online news.
The Complete Guide to Leisure Industry Products & Services.
DAE Global is one of the world’s leading international creative and production practitioners, creating award-winning sport, culture and entertainment experiences for over 30 years. It was…
read moreAs of the 1st July 2018, Enta Australasia Pty Ltd/Best Union has been rebranded as Vivaticket Pty Ltd. Vivaticket is the ideal strategic partner for the organisation and management of your…
read moreThe Jump Pad is a safe, flat inflatable made in a variety of sizes which can be used indoor or outdoor. From 3mx3m up to a whopping 9mx21m. Markets include Indoor and outdoor playgrounds, schools,…
read moreTPEC Pool Enclosures provide a large range of premium commercial and residential retractable swimming pool, spa and terrace enclosures throughout Australia, servicing residential, local government…
read moreAt easyemployer we've come up with a software solution that manages one of your most important, and often most costly, business resources - your staff. We are helping 100s of clients to…
read moreJonas Software operates over 110 independently managed software brands around the world, providing them with the strategic guidance and financial security required to be leaders in their respective…
read moreAustralia’s leading manufacturer of horizontal and vertical media filters suited to all types of commercial pools, water playgrounds marine parks, aquaculture and zoos. They are an ideal…
read moreSwitch to smarter fitness management software with Clubworx based in Australia that enables fitness businesses to start or grow their business with ease. - all in one place from anywhere in the…
read moreGet your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!