Concert Industry Lost $30 Billion in 2020

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The global live events industry lost more than $30 billion in 2020 due to the pandemic

, a previous version of this article stated that the North American concert industry lost more than $30 billion in 2020 — Pollstar later corrected that statistic to be the global concert industry.

The projected $30+ billion figure includes unreported events, ancillary revenues, including sponsorships, ticketing, concessions, merch, transportation, restaurants, hotels, and other economic activity tied to the live events, according to the report.

 

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Am I the only one applauding this? Like, they’ve had people, including artists, over a barrel for decades and came up with *nothing* innovative during this time. Eff you and get out. Live music will carry on. Ticket fees and service charges can stay dead.

Waiting on refunds

Don’t worry. Ticketmaster will get it back with “convenience” fees on like 10 tickets.

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