Live Concert Industry Faces Over $30 Billion USD In Losses
December 15, 2020 3:35PM CST
Silhouettes of crowd at a rock concert. Getty Images
It’s definitely been a tough year for the music industry, especially revenue making events.
A recent report shows that the live music industry has lost a projected $30 Billion worldwide.
The projected amount of $30 Billion includes sponsorships, ticketing, transportation, merchandise, and several other items that gain a profit from live events.
