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This Week In Music: Live Events Lose Big, With Little Hope Of A Quick Recovery

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Recorded music sales are expected to rise by about $1 billion this year. That’s the good news for the music business.The bad news was revealed by Pollstar this week in its year-end issue.

The media outlet, which focuses on the live events and touring industry, said total lost revenue is anticipated to be more than $30 billion.That figure includes ancillary revenues, including sponsorships, ticketing, concessions, merch, transportation, restaurants, hotels, and other economic activity tied to the live events.Now, the question is, will 2021 be any better?

So far, the indications are it may slightly increase, but without any giant leaps forward. With the effects of any coronavirus vaccine uncertain, cautious governments will be reluctant to

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