COVID-19 Knocks 76 Percent Off Europe’s Music Revenue

Representatives of Europe’s creative industries — from film and TV to theater, music, and video games — are calling for more government help to rebound from the economic damage wrought by COVID-19. A study published Tuesday by European Authors Society GESAC showed overall revenue in Europe’s creative sector dropped 31 percent in 2020 from a high of $783 billion (€643 billion) in 2019, pre-pandemic, to $540 billion (€444 billion) last year.

Source: COVID-19 Knocks 76 Percent Off Europe’s Music Revenue

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