Originally, according to Consequence of Sound, the industry insiders have predicted a record-breaking year at the box office with an estimated 12.2 billion dollars. Unfortunately, that was before the Coronavirus had hit. When live performances had shut down back in March, the result added up to a loss of 9.7 billion dollars, and that is not counting the loss in sponsorships, merch, concessions, travel, as well as hotel and restaurants which resulted in a loss of over 30 billion dollars total.
However, for us music lovers out there, we hope live concerts will come back eventually. ABC 10 news stated that there is indeed a coronavirus vaccine coming soon to the US, so there is hope. Anyways, that’s all the news for now, until then stay creative, stay home, and be careful! Peace out!