Concert receipts have reached record levels for the fourth year running in America, as veteran bands helped drive record ticket sales.

The three highest earners were Sir Paul McCartney with £64m, the Rolling Stones with £55m and Cher with £46m. Other headline acts, which helped boost sales included as Billy Joel, Sir Elton John, Bruce Springsteen and Neil Diamond.

The number of ageing bands drawing fans is a cause of concern, however, as industry insiders question where the next generation of headlining acts will come from.