Impact of the COVID-19 pandemic on the music industry
Consequence of the COVID-19 pandemic / From Wikipedia, the free encyclopedia
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The COVID-19 pandemic has had a significant impact on the music industry, mirroring its impacts across all arts sectors. Numerous music events, including music festivals, concert tours, and award shows, have been cancelled or postponed. While some musicians and composers were able to use the time to create new works, there were flow-on effects on the many supporting people who relied on performers for their income.[1] Various album releases have been delayed as well.[2][3][4] Pollstar estimated the total lost revenue for the live music industry in 2020 at more than $30 billion.[5]