Billions Have Been Lost This Concert Season

Global live events lost more than $30 billion in 2020, including $9.7 billion at the box office after the industry effectively shut down completely in March.

These calculations took into consideration losses among the live businesses.

“It’s been an extraordinarily difficult year for the events industry, which has been disproportionately impacted by the Coronavirus. As painful as it is to chronicle the adversity and loss our industry and many of our colleagues faced, we understand it is a critical undertaking towards facilitating our recovery, which is thankfully on the horizon,” said Ray Waddell, president of Oak View Group’s Media & Conferences Division, which oversees Pollstar and sister publication VenuesNow. “With vaccines, better testing, new safety and sanitization protocols, smart ticketing and other innovations, the live industry will be ramping up in the coming months, and we’re sure that at this time next year we’ll have a very different story to tell.”

Elton John’s “Farewell Yellow Brick Road Tour” was the year’s top tour with $87.1 million grossed. Rounding out the top 10 are Celine Dion, Trans-Siberian Orchestra, U2, Queen + Adam Lambert, Post Malone, Eagles, Jonas Brothers, Dead & Company, and Andrea Bocelli.

Photos by Getty Images

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