Live music industry expected to return to pre-pandemic revenues by 2025
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nme.comcoronavirus pandemic revenues by the year 2025, according to a new forecast.Live music is set to return without restrictions in England on Monday (July 19) following the UK government’s decision to go ahead with lifting the majority of coronavirus-enforced rules in the country.
Restrictions on live events will continue, however, in Scotland, Wales and Northern Ireland for the meantime.A new forecast by PwC in their ‘Global Entertainment & Media Outlook 2021–2025’ report is predicting that the UK’s live music revenue will only be able to return to pre-pandemic levels by 2025.Live music revenue will grow at an annual rate of 17 per cent over the next four years in the UK, according to the report.
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