MCD back in the black thanks to 8% increase in ticket sales

Concert promoters MCD Productions returned to profit last year after recording an 8% increase in the number of concert tickets sold to 1.54m.

In an interview, MCD Productions chief executive Denis Desmond confirmed that the company returned to profit last year after recording a loss in 2010.

US-based trade journal, Pollstar confirms that MCD was the 10th largest promoter in the world last year in terms of tickets sold, selling 1.54m tickets — Live Nation was the largest with 22m tickets sold.