Recent published research executed by the European association for music venues Live DMA shows the harsh reality of the impact of the pandemic. Only for the 2,600 venues and clubs part of the Live DMA network it means a staggering number of 664,000 artist performances cancelled this year alone. More than 53 million people not visiting a live show (a decline of 76%), leading to an estimated €1.2 billion loss of income during 2020. Fixed costs such as employment and housing remain, leaving clubs and venues with more expenses than revenues. As a result they fully rely on their own reserves, forcing them to execute necessary cutbacks and layoffs. This already led to the unemployment of thousands of workers, and more to follow.
Thursday 19 November, 19:00 CET
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