{"id":74447,"date":"2020-12-14T13:02:46","date_gmt":"2020-12-14T13:02:46","guid":{"rendered":"http:\/\/routenote.com\/blog\/?p=74447"},"modified":"2020-12-14T13:02:46","modified_gmt":"2020-12-14T13:02:46","slug":"the-global-live-events-industry-lost-more-than-30-billion-in-2020","status":"publish","type":"post","link":"https:\/\/routenote.com\/blog\/the-global-live-events-industry-lost-more-than-30-billion-in-2020\/","title":{"rendered":"The Global Live Events Industry Lost More Than $30 Billion In 2020"},"content":{"rendered":"\n<p><i>Image Credit: <a href=\"https:\/\/unsplash.com\/@theunsteady5?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\">Edwin Andrade<\/a><\/i><br \/><\/p>\n\n\n\n<h4><span style=\"color: #3366FF\"> The Live Events Industry Across the Globe Suffered Dramatic Losses In 2020 Due To The Pandemic \n <\/span><\/h4>\n\n\n\n<p>The global live events industry lost more than $30 billion in 2020 due to the global pandemic, including $9.7 billion at the box office, according to the <a href=\"https:\/\/www.pollstar.com\/article\/pollstar-2020-year-end-special-146984\">year-end report by the live entertainment industry trade publication Pollstar.&nbsp;<\/a><\/p>\n\n\n\n<p>The $30+ billion figure includes unreported events, ancillary revenues, including sponsorships, ticketing, concessions, merch, transportation, restaurants, hotels and other economic activities that are commonly tied to live events. The \u00a330 billion + in projected losses is taken from the 10.92% year-over year growth rate tabulated in Q1, the last full quarter before the pandemic.&nbsp;<\/p>\n\n\n\n<p>In addition to this the study took into consideration the losses among the 147,000 live businesses featured in <a href=\"https:\/\/www.pollstar.com\/\">Pollstar<\/a>\u2019s directories. It also featured industry studies from 2018\u2019s <a href=\"https:\/\/www.pwc.com\/gx\/en\/entertainment-media\/outlook\/perspectives-from-the-global-entertainment-and-media-outlook-2018-2022.pdf\">PricewaterhouseCoopers\u2019 Global Entertainment and Media Outlook 2018-2022<\/a> report and The 2017 Arts and Cultural Economic Activity study which was completed by the<a href=\"https:\/\/www.bea.gov\/data\/special-topics\/arts-and-culture\"> Bureau of Economic Analysis and the National Endowment for the Arts.&nbsp;<\/a><\/p>\n\n\n\n<p>Speaking on the report Ray Waddell, president of Oak View Group\u2019s Media &amp; Conferences Division said: <em>\u201cIt\u2019s been an extraordinarily difficult year for the events industry, which has been disproportionately&nbsp;impacted by the Coronavirus. As painful as it is to chronicle the adversity and loss our industry and many of our colleagues faced, we understand it is a&nbsp;critical undertaking towards facilitating our recovery, which is thankfully on the horizon\u201d.<\/em> He Continues, <em>\u201cWith vaccines, better testing, new safety and sanitisation protocols, smart ticketing and other innovations, the live industry will be ramping up in the coming months, and we\u2019re sure that at this time next year we\u2019ll have a very different story to tell.\u201d<\/em><\/p>\n\n\n\n<p>2020 was set to be an incredible year for live music, with <a href=\"https:\/\/routenote.com\/blog\/boomtown-festival-reduce-their-ticket-prices-for-a-triumphant-return-in-2021\/\">festivals pulling out the big guns for headliners<\/a>, bands such as <b><a href=\"https:\/\/www.idlesband.com\/uk\/\">IDLES<\/a><\/b> heading on their first stadium tour and tours from massive artists such as <a href=\"https:\/\/www.eltonjohn.com\/\">Elton John<\/a> (which grossed $87.1 million between November 30th-March 7th) and <a href=\"https:\/\/www.celinedion.com\/\">Celine Dion<\/a>, <a href=\"https:\/\/www.trans-siberian.com\/tour\">Trans Siberian Orchestra<\/a>, <a href=\"https:\/\/www.u2.com\/\">U2<\/a>, <a href=\"http:\/\/www.postmalone.com\/\">Post Malone<\/a> and the <a href=\"https:\/\/jonasbrothers.com\/\">Jonas Brothers<\/a>. Of course the underground scene was preparing for another bumper year with <a href=\"https:\/\/routenote.com\/blog\/pretty-preachers-club-interview\/\">independent artists<\/a> and venues getting ready for another year of sweaty shows in smaller spaces. Unfortunately coronavirus and subsequent lockdowns made it impossible for us to enjoy live music which lead to a dramatic effect on the live industry.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent study from Pollstar reports that the live events industry lost more than \u00a330 million in 2020.<\/p>\n","protected":false},"author":23,"featured_media":74524,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[13],"tags":[20020,20019,12420,15803,17068,16372,20017,20016,10812,10885,13354,20021,13355,7892,168,20018],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Global Live Events Industry Lost More Than $30 Billion In 2020 - RouteNote Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/routenote.com\/blog\/the-global-live-events-industry-lost-more-than-30-billion-in-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Global Live Events Industry Lost More Than $30 Billion In 2020 - 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