Pollstar: Live events industry lost $30B due to pandemic
By MESFIN FEKADU AP Music Writer
NEW YORK (AP) — 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 said the live events industry should have hit a record-setting $12.2 billion this year, but instead it incurred $9.7 billion in losses. In March hundreds of artists announced that their current or upcoming tours would need to be postponed or canceled because of the pandemic. With just a few months on the road, Elton John’s “Farewell Yellow Brick Road Tour” tops the year’s Top 100 Worldwide Tours list with $87.1 million grossed.