How Will Superstar Tour Cancelations Impact the Industry?

  • 📰 billboard
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Canceled and postponed March/April concerts will cost the industry over half a billion dollars — and that’s just the start

As cities, states and entire countries shut down to flatten the curve of the coronavirus, the touring industry is facing an unprecedented crisis. Live Nation, AEG and major booking agencies WME, Creative Artists Agency, UTA and Paradigm released a joint statement on March 12, effectively halting all major tours worldwide. In the days that followed, concert venues of all sizes closed to stop mass gatherings.

In 2019, the top 30 tours of March and April collectively grossed $697.5 million and sold over 6.5 million tickets during the 61-day period, according to figures reported to Billboard Boxscore. That marks an 11% increase in revenue from the same period in 2018, which was already up 9% from 2017.

Assuming that 2020 earnings would increase another 5% to 10%, the top 30 tours of March and April would have been expected to gross approximately $750 million. That doesn’t mean that March 2020 grosses will collapse to $0, however. Initial reports for the early-March tour dates that took place before cancellation recommendations are in the multimillions thanks to A-listers like

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

oh well that's expensive

Well. Well. Well. somebodybringussomewater bullsandbares truthofthematter

dua lipa super star

omg

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 112. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Independent Touring Industry Unites to Form Promoter AllianceThe goal of the Independent Promoter Alliance is to talk regularly about current challenges and how individual businesses plan to work through this crisis. 🙌🏻❤️
Herkunft: billboard - 🏆 112. / 63 Weiterlesen »