The Live Show Must Go on in Post-Pandemic World – But When?

Diane Haithman
·1-min read

Live entertainment, arguably the sector hardest hit by pandemic shutdowns, may see the fewest major structural changes once the health crisis subsides. That is, if theaters and concert halls can manage to reopen after all after a year-plus with little or no income from new performances. The financial reality has been grim. Broadway shows, which grossed $1.83 billion during the 2018-19 season and helped fuel the NYC tourist economy, have been shuttered since March 12, 2020. Beverly Hills-based Live Nation Entertainment, one of world’s largest international concert producers and ticket sellers, produced some drive-in concerts in 2020, but revenue dropped 84% for the year compared to 2019. The company lost $1 billion for the year. Los Angeles Philharmonic Association, which canceled performances at the Hollywood Bowl, Walt Disney Concert Hall and the Ford Theatres, predicted lost revenue would result in a budget shortfall of approximately $80 million. Rachel Moore, president and CEO of the Los Angeles Music Center, said that while live performance venues like hers will continue to explore and expand on digital productions necessitated by shutdowns, live theater and concerts are coming back. “Safety protocols will, of course, be a must and will likely evolve as conditions improve,”...

Read original story The Live Show Must Go on in Post-Pandemic World – But When? At TheWrap