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Despite being an indoor stadium Forsyth Barr Stadium placed 13th in trade magazine Pollstar's list of the top-selling outdoor stadium/festival sites in the world with a total of 131,597 tickets sold in the first half of this year.
It was one of only two New Zealand venues to make the list.
Auckland's Mt Smart Stadium was the other and placed eighth with 172,528 tickets sold.
Both venues outsold some of the most famous stadiums in the world, including London's Twickenham (which placed 40th) and Murrayfield in Edinburgh. (41st).
The Dunedin stadium had a busy first half of the year which was dominated by three Ed Sheeran concerts.
It also hosted Robbie Williams and Roger Waters.
The second half of the year is also set to be a busy one, with Kendrick Lamar's July gig set to be followed by Pink and Shania Twain.
"We are absolutely proud we can mix it with the best around.
"When you get an Ed Sheeran coming through that helps.
"But, in saying that, we're having a great 12 months and we have still got to finish that off with a couple of great shows," Mr Davies said.
The stadium's success was down to a combination of factors, but most importantly the Otago region had shown great support and were continuing to go to concerts.
"They are only going to come here if they can sell tickets."
DVML had also worked hard to build strong relationships with promoters, which was also important.
Mr Davies believed Forsyth Barr Stadium would continue to attract top acts.
"You never know what's around the corner, but our track record is good.
"We are selling tickets, promoters are happy with our performance and we will just keep putting our hand up."