The effect of declining recorded music sales has led record labels and bands to tour extensively to supplement their income. Many artists sign 360 deals with labels meaning the label can also profit from touring income.
The public seems that it is more than happy to spend their hard-earned money on going to concerts even if they are not prepared to bay too but the recorded music.
Live music in London is much more of an experience and a social event. Music festivals are still doing well with record numbers of attendees. We have seen some of the biggest selling tours in history over the last few years from bands. Even though economic times are hard to live music is beating the odds.
Shows such as the X-Factor who also tour the artists after the final has helped contribute to the increase. Increased media exposure brings concerts and festivals to the forefront of people's minds with live TV coverage.
The internet also plays a huge part in social networking sites making communicating with music fans easier. Tickets are also easier to purchase than ever before from reputable online ticket agents.
For amateur musicians though it is a different story. With fewer music venues open the scene has taken a hit. For new artists to develop their talent, they urgently need places to play and for audiences to support them.