As artists & execs scramble to reschedule album rollouts, an analysis of boxscore data from 2019 offers insight into the hundreds of millions of dollars the industry will likely miss out on from major tours in the coming months
As cities, states and entire countries shut down to flatten the curve of the coronavirus, the touring industry is facing an unprecedented crisis. Live Nation, AEG and major booking agencies WME, Creative Artists Agency, UTA and Paradigm released a joint statement on March 12, effectively halting all major tours worldwide. In the days that followed, concert venues of all sizes closed to stop mass gatherings.
In 2019, the top 30 tours of March and April collectively grossed $697.5 million and sold over 6.5 million tickets during the 61-day period, according to figures reported to Billboard Boxscore. That marks an 11% increase in revenue from the same period in 2018, which was already up 9% from 2017.
Assuming that 2020 earnings would increase another 5% to 10%, the top 30 tours of March and April would have been expected to gross approximately $750 million. That doesn’t mean that March 2020 grosses will collapse to $0, however. Initial reports for the early-March tour dates that took place before cancellation recommendations are in the multimillions thanks to A-listers like
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
How Will Superstar Tour Cancelations Impact the Industry?As cities, states and entire countries shut down to flatten the curve of the coronavirus, canceled and postponed March/April concerts will cost the industry over half a billion dollars — and that’s just the start.
Consulte Mais informação »
Motion Picture of Sound Editors President on the Impact of Coronavirus on the IndustryMark Lanza, president of the Motion Picture Sound Editors (MPSE), has been working from home. This is the new norm for him (and thousands of others) as a supervising sound editor. Before the corona…
Consulte Mais informação »
In California, protective equipment shortage pushes nurses to consider drastic action'We are really afraid now — there are nurses writing their wills,' said an Oakland nurse.
Consulte Mais informação »
The Culinary World Is Mourning An Iconic Chef And 'Top Chef Masters' Winner Who Died Of The Coronavirus'Few people have done more than Floyd to impact an entire industry, the career trajectories of more cooks, or the palates of more restaurant goers.'
Consulte Mais informação »
How to Help Entertainment Professionals Affected by the Coronavirus (Updating)Here's a guide on how to provide aid to entertainment industry professionals suffering economic distress due to the coronavirus pandemic, or how to apply for aid if you have been impacted
Consulte Mais informação »
It’s official: coronavirus puts off the Tokyo OlympicsJapanese authorities and the IOC kept insisting, long after everyone else stopped believing them, that all was going to plan
Consulte Mais informação »