Russia’s live music industry on “brink of collapse”
Russia's leading live music association says some 10,000 events have been postponed and cancelled, causing a 90% drop in revenue
News By IQ | 25 August 2021
The Association of Concert, Theater and Ticketing Organisations (KTiBO) says Russia’s cultural sector is “on the brink of collapse” due to a lack of support from the government.
In the last year and a half, at least 10,000 events across the country have been postponed and cancelled – causing a 90% drop in revenue – according to the association.
The loss has affected more than 3,000 small and medium-sized businesses including event organisers, private theatres, concert venues and ticket operators.
“The lack of constructive…
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