Latest News

Back to Latest News back

 

Japanese ticketing agency PIA plans its own concert arena

Japanese ticketing agency PIA plans its own concert arena
July 21, 2017

Japanese 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

 


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

BioLab Australia Pty Ltd

BioGuard is Australia and New Zealand’s most trusted supplier of premium, innovative and affordable commercial water treatment systems and chemicals. BioGuard offers a comprehensive range of…

read more

Aquatics / Technology / Waterparks

 
 

Myzone

Myzone is the industry’s leading wearable technology solution. Myzone’s wearable products show and reward effort when you work out. It displays accurate real-time heart rate, calories, and…

read more

Fitness / Sport / Technology / Wellness

 
 

COMMERCIAL AQUATICS AUSTRALIA

Commercial Aquatics Australia provides aquatic solutions nationwide and is one of the largest and most experienced companies specialising in the design, construction, renovation, service, maintenance…

read more

Aquatics / Design / Play / Waterparks

 
 

Polin Waterparks

Polin was founded in Istanbul in 1976, and has since grown into a leading company in the waterparks industry. Today Polin is one of the world leaders in the design, production, and installation of…

read more

Aquatics / Attractions / Play / Waterparks

 
 
 

Pricemark Pty Ltd

Pricemark supplies a wide range of custom branded membership & RFID access products for the Health & Leisure Industry. 

read more

Access

 
 

Tim Batt Water Solutions

Tim Batt Water Solutions are at the very forefront of the commercial aquatic business in Australia, with over 30 years specific experience supplying and installing chemical control and dosing…

read more

Aquatics / Environment / Recreation / Technology / Venues

 
 

Sportybots

We are the leading providers of kids fun multi-sports programs for Sport and Recreation Centres. Programs cover twelve common sports as well as Gross Motor Skill Development and suit children from as…

read more

Fitness / Play / Recreation / Sport / Wellness

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business