Proud to announce the release today of the ‘UK Live Music: At A Cliff Edge’ report produced in conjunction with Chris Carey (https://www.linkedin.com/in/cjcarey/) on behalf of LIVE (Live Music Industry Venues & Entertainment).
The live music industry has been devasted by the impact of COVID-19 with the enforced shutdown of concerts, festivals and tours, the suspension of furlough support, little sector-specific support, major operators forced to make redundant hundreds at a time, and thousands of self-employed, freelancers and zero-hours staff losing their livelihoods.
Report findings include:
In 2019 live music supported 210,000 full-time equivalent roles, as well as tens of thousands of freelancers & contributed £4.5 billion to the UK economy
In 2020, revenue in the live music business will fall by 81%, and revenues have been close to zero since March
50% of permanent roles will be lost by the end of the year while temporary and freelance roles have already been decimated, totalling 170,000 job losses across the sector by year-end
Download the report here: https://cdn.iq-mag.net/wp-content/uploads/2020/10/REPORT_UK-Live-Music-at-a-Cliff-Edge.pdf