'Very Existence' of Germany's Music Industry Threatened By Coronavirus Shutdown, Says BVMI Chief
BERLIN — Live music promoters across Germany, Australia and Switzerland are anticipating losses of €3.7 billion euros ($4.04 billion) in the first half of 2020 due to the coronavirus, according to a new joint paper from industry organizations. No audiences means no concerts across the region, which expects total damages across various industry music sectors of roughly €5.5 billion euros ($6 billion) due to the pandemic.The organizations — from live event industry association BDV to the German music publishers association DMV, as well as collection society GEMA, have a clear incentive for banding together: quick, non-refundable help from the government is badly needed.