CANADA: Return of live shows after COVID revived arts industry: StatCan

  • 📰 SooToday
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 85%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Report says presenters of performing arts, sports and similar events hit hard by COVID-19 cancellations in 2020 and 2021 saw revenue increases of nearly 146 per cent in 2022, compared to the previous year

A new report from Statistics Canada says the return of live shows and events after pandemic restrictions revived the country's performing arts industry in 2022, with significant revenue and salary growth in specific sectors.

Meanwhile, the non-profit performing arts industry saw revenues increase by 71 per cent, while the for-profit industry had an increase of more than 56 per cent in 2022. The report also looked at Canada's film and television industry — currently impacted by the U.S. actors' and writers' strikes — and found that an "unprecedented" number of backlogged and new projects in 2021 led to a nearly 31 per cent rise in 2022 industry revenues.

StatCan says the report released on Tuesday provides a "first glance" at the pandemic recovery in 2022 for these sectors and more detailed annual business surveys will provide official estimates later this year and in early 2024. - The largest year-over-year increases in performing arts were seen among musical theatre and opera companies, which had a revenue growth of more than 217 per cent in the for-profit sector and just over 100 per cent in the non-profit sector in 2022.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines