A UNESCO report has revealed that 10 million jobs across the creative industries were lost in 2020 alone, as a result of the COVID-19 pandemic. In the Reshaping Policies for Creativity report’s foreword, the director-general of the United Nations’ cultural body, UNESCO, Audrey Azoulay, wrote: “The COVID-19 pandemic has led to an unprecedented crisis in …
European football hit by ticketing revenue losses
European football governing body UEFA has revealed clubs in Europe lost a staggering €4bn (£3.3bn/$4.5bn) in 2021, with the majority of the losses coming from a fall in gate receipts due to the pandemic. Other factors included a reshaped calendar, television rebates and a loss of commercial and sponsorship revenue. The €4bn figure is even …
Report says 2021 worse for European venues than 2020
A new report from Live DMA, funded by the Creative European Programme of the European Union, has estimated that the loss of audience visits and income for venues in Europe will be even higher in 2021 than in 2020, when compared to the situation before the pandemic. Across the 3,253 music venues that are part …
Records tumble as Live Nation enjoys revenue and profit growth in Q3
Live Nation Entertainment saw revenue rocket 1,366.9% during the third quarter of its 2021 financial year, as the return of live events led to record figures for the business. Revenue for the three months to September 30 amounted to $2.70bn (£2.00bn/€2.34bn), up from $184.0m in the corresponding period last year, during which the majority of …
Report outlines pandemic’s effect on Dutch live entertainment sector
A recent report from the Vereniging Nederlandse Poppodia en Festivals (VNPF), which means the Association of Dutch pop theatres and festivals, has revealed the extent of the damage the COVID-19 pandemic has had on the live entertainment industry in the Netherlands. In 2020, there was a total of 5,856 visitor-attended activities at music venues, a …