Page 34 - டிரான்ஸ் சைபீரியன் ஆர்கெஸ்ட்ரா News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Live events industry lost $30B due to COVID-19 pandemic, Pollstar says By Mesfin Fekadu Live entertainment industry lost $30B in revenue due to COVID-19 Pollstar on Friday released its year-end report, explaining that the live events industry should have hit a record-setting $12.2 billion this year, but instead it incurred $9.7 billion in losses. NEW YORK - Due to the global coronavirus pandemic, concert trade publication Pollstar puts the total lost revenue for the live events industry in 2020 at more than $30 billion. Pollstar on Friday released its year-end report, explaining that the live events industry should have hit a record-setting $12.2 billion this year, but instead it incurred $9.7 billion in losses. The company added that the projected $30 billion figure in losses includes “unreported events, ancillary revenues, including sponsorships, ticketing, concessions, merch, transportation, restaurants, hotels, and other economic activity tied to the live events.” Those

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