Report: Covid-19 to cost festival sector $16.8bn

Viberate provides analysis on the economic impact of coronavirus on the festival industry, the worst-hit markets and organisers’ reactions

News By IQ | 10 July 2020

The report finds that the Netherlands has the highest number of affected festivals © Jokko Photography/Best Kept Secret

Festivals around the world are set to collectively lose almost US$17 billion due to the Covid-19 pandemic, according to a new report carried out by music data start-up Viberate.

Using data from Viberate’s recently launched Sick Festivals tool – which monitors over 5,000 data-enriched festival pages from the company’s blockchain-based music industry database – the report estimates the monetary loss for festivals in 2020, as well as the number of fans who will miss out on festivals this season.

The report,…

You've used your free article this month

Continue reading with a free account, or subscribe for unlimited access to all of our news, features and reports.

Subscribe Create a Free Account

Share this

MOST POPULAR

Related Content

Viberate's 2019 Under the Microscope

2019 Under the Microscope: Who was on top in electronic music?

With the industry at a halt, Viberate is looking back at 2019 and telling the story of the year in data. First up: the electronic music sector

Feature 3 April, 2020

Funding the business: Sector-relevant aid from European govts

Funding the business: European govts’ sector-relevant aid

A continuously updated list of funding likely to benefit those working in the European live industry's biggest touring markets

Feature 22 April, 2020

Industry orgs urge gov support in face of Covid-19

Industry orgs urge gov support in face of Covid-19 [updating]

Live music industry associations from around the world are demanding relief measures from governments to help see the business through difficult times

News 17 March, 2020

Back to top