Spain’s music sector suffers €1bn loss in 2020
The news comes as Live DMA releases a new report which criticises the amount of support the live industry has received throughout the pandemic
News By IQ | 12 January 2021
Spain’s music sector lost €1 billion in direct revenue and €7 bn in indirect revenue during 2020, according to data from the federation of music in Spain, Es Música.
The data takes into account both live music, recorded music and exploitation of intellectual property rights, and includes the entire value chain, companies and professionals from other sectors that indirectly participate in the Spanish music industry.
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Last year, Spanish Association of Music Promoters (APM) reported that around 25,000 concerts were cancelled last…
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