Oct 14, 2025 - News

Here's what independent music venues bring to Utah's economy

Illustration of Ben Franklin making the hardcore hand symbol. — Illustration: Maura Losch/Axios

Independent music venues like Kilby Court and Urban Lounge added $645.6 million to Utah's GDP in 2024, according to a first-of-its-kind analysis released this month.

By the numbers: In Utah, independent venues generated $1.3 billion in total economic output, according to a report produced by the National Independent Venue Association (NIVA).

Yes, but: The report's findings weren't all cause for a standing ovation. In 2024, 64% of the nation's independent venues were not profitable.

In major cities, they're facing escalating real estate costs and inflation.

How it works: NIVA categorizes independent venues and music festivals as those not owned by a multinational corporation or a publicly traded company.

The big picture: It's a gritty time for indie music venues. The live music industry is dominated by corporate giants like Live Nation and AEG.

Case in point: In August, Live Nation announced plans to build a downtown SLC concert venue with Ryan Smith's company, Smith Entertainment Group.

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Here's what independent music venues bring to Utah's economy

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