Entertainment pandemic 2020

After COVID Pushed Industry Revenue Down 3.8% in 2020, Biz Poised to Rebound: PwC

Reading now: 986
variety.com

Todd Spangler NY Digital EditorMedia and entertainment revenue globally dropped 3.8% in 2020 as the coronavirus pandemic led to an overall $81 billion drop, according to PwC’s “Global Entertainment & Media Outlook 2021-2025″ report.It’s no surprise that COVID ravaged certain sectors of the business.

Movie theaters saw a 71% decline in box-office revenue and live music plunged 74% last year.“It’s the first time we saw such a stark decline in the market,” CJ Bangah, principal at PwC U.S., who serves on the report’s editorial board.

Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA