Live music revenues forecast to recover by 2025

Global live music revenues are expected to reach pre-pandemic levels by 2025.

New analysis from PwC says live music revenues fell by 74.4% due to Covid-19 but have already begun to bounce back. 

Noting that "consumers’ desire to once again enjoy live music and cinema will be tempered by caution and ongoing venue capacity limitations", it nonetheless forecasts takings to rise to about US$30bn.

Total entertainment and media revenues for the United Kingdom are projected to reach £80bn by 2025.