The Concerts and Live Entertainment Industry

In order to better understand the economic impact this important industry has across the United States, Oxford Economics developed a customized framework to analyze the impact of the concerts and the live entertainment industry's nationwide economic contributions in 2019 and conducted an in-depth analysis of the economic impacts of live event venues, artists, and visitor spending in terms of economic output, labor income, taxes, and jobs. Due to the pandemic putting a pause on live events in 2020, this report examined 2019 data to ensure a complete analysis could be conducted that is in line with regular performance of the industry.

What you will learn:

  • The industry drives significant economic activity that supports businesses, households, and government finances across the United States.
  • In the wake of COVID-19, live events were shut down for over a year. Beyond the cultural loss involved, the US economy has incurred massive losses in GDP, employment, household income, and tax revenue due to the absence of live events.
  • After a year of isolation, many crave getting back to enjoying memorable live experiences safely in 2021 and into the 2022 and 2023 seasons, which position the industry for growth in the coming years.

Topics: Economic impact, United States, Coronavirus, North America, Forward thinking newsletter - US, Lockdown restrictions, Covid19, Entertainment industry

The Concerts and Live Entertainment Industry - iPad