Global live music industry revenue by source 2014-2024
According to a 2020 study exploring the global music industry, worldwide live music sponsorship revenues will amount to 6.28 billion U.S. dollars in 2024. The projected figure for 2020 was 2.1 billion U.S. dollars, with ticket sales for that year estimated at around eight billion. The effects of the coronavirus pandemic on the live music industry have been extremely detrimental to revenue generation, affecting artists, venues, and events companies alike. Whilst it is anticipated that live will begin to recover in 2021, naturally this depends on the amount of venues able to reopen, the size of those venues, and the number of events allowed to take place.