Total Admissions Revenue for Performing Arts Companies, Establishments Subject to Federal Income Tax
ADM7111TAXABL157QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-9.70
Year-over-Year Change
-72.75%
Date Range
4/1/2009 - 1/1/2025
Summary
This trend measures the total revenue from admissions at performing arts companies that are subject to federal income tax. It provides insight into the financial health and market demand for live entertainment experiences.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Total Admissions Revenue for Performing Arts Companies, Establishments Subject to Federal Income Tax series tracks the quarterly revenue generated from ticket sales at theaters, concert halls, and other venues operated by for-profit performing arts organizations. This metric is used by economists and policymakers to assess the broader trends in consumer spending and the performing arts industry.
Methodology
The data is collected through quarterly surveys of performing arts companies subject to federal income tax.
Historical Context
This metric is closely watched by arts organizations, investors, and policymakers to gauge the performance of the live entertainment sector.
Key Facts
- Performing arts companies generate over $30 billion in annual admissions revenue.
- Ticket sales account for approximately 75% of total revenue for the performing arts industry.
- The COVID-19 pandemic caused a 77% decline in performing arts admissions revenue in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated from admissions at performing arts companies that are subject to federal income tax, including theaters, concert halls, and other live entertainment venues.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial health and market demand for live entertainment experiences, which is valuable for economists, industry analysts, and policymakers assessing the performing arts sector.
Q: How is this data collected or calculated?
A: The data is collected through quarterly surveys of performing arts companies subject to federal income tax.
Q: How is this trend used in economic policy?
A: This metric is closely watched by policymakers and arts organizations to gauge the performance of the live entertainment sector and inform decisions around economic support, regulations, and cultural policies.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a lag of several months, and may not capture all performing arts companies due to the survey methodology.
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Citation
U.S. Federal Reserve, Total Admissions Revenue for Performing Arts Companies, Establishments Subject to Federal Income Tax (ADM7111TAXABL157QNSA), retrieved from FRED.