Singapore the ‘LV destination’ for concerts, but will rising costs, competition derail that?

REGIONAL COMPETITION

Meanwhile, neighbouring countries with an inherent advantage – their large domestic markets – are also eyeing a slice of the booming concert market.

CK Star Entertainment, which also operates in Indonesia, has noticed more live shows and concerts taking place outside Jakarta.

“The government is putting in effort to bring these events to other cities so instead of having all the concerts in Jakarta, we see Bali being added as a tour stop now for some artistes and it freshens things up,” said Ms Chan.

Indonesia also has “very aggressive” corporate sponsors, which are undoubtedly a “major incentive and help” for promoters, said Mr Iqbal Ameer, founder and group chief executive of Livescape Group. Based in Malaysia, the concerts and events organiser has offices in Singapore and Indonesia.

“In the past, artistes will choose either Singapore or…