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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 year-end report by live-entertainment industry trade publication Pollstar.
At the top of the year, the industry was projected to hit a record-setting $12.2 billion at the box office in 2020, but instead incurred $9.7 billion in Boxoffice losses after the industry effectively shut down completely in March.
Concert Industry Lost $30 Billion in 2020
The global concert industry lost $30 billion, including $9.7 at the box office, due to the pandemic shutdown that began in March.
variety.com