09/02/2020
The Live Events Industry is on Red Alert for its very survival, and create congressional pressure to act now.
, a grassroots coalition of arts and cultural workers, reports:
“The Arts & Culture sector employs 5.1 million people and provides $877 billion value added to the U.S. economy. It adds more value to the economy than transportation, agriculture, or tourism. The Arts & Culture sector is a cornerstone of the larger U.S. economy, making up 4.5% of GDP. Despite their out-sized cultural and economic contribution, the Arts & Culture sector of the U.S. economy is in grave danger.
Due to Covid-19, 62% of Arts Workers report that they are fully unemployed. 94% of Arts workers report income loss; to date, the average Arts worker reports $23,500 in lost revenue this year. Due to Covid, 66% of Arts workers report they are unable to access the spaces, staff, resources, or supplies needed to perform their work.
According to the Brookings Institute economic report Lost Art: Measuring COVID-19’s Devastating Impact on America’s Creative Economy, they estimate a loss of “ 2.7 million jobs and more than $150 billion in sales of goods and services for creative industries nationwide, representing nearly a third of all jobs in those industries and 9% of annual sales. The fine and performing arts industries will be hit hardest, suffering estimated losses of almost 1.4 million jobs and $42.5 billion in sales. These estimated losses represent 50% of all jobs in those industries and more than a quarter of all lost sales nationwide.”
As theatres, concert tours, festivals, opera houses, trade shows, and other live events as well as film and television production remain closed, or open on a very limited basis, the entire industry is impacted, from designers, technicians, programmers, and stagehands to rental shops, manufacturers, and distributors of entertainment technology. The first industry to close last March, Live Events could be the last sector to re-open due to the COVID-19 crisis.
The Live Events Industry is on Red Alert for its very survival, and create congressional pressure to act now.
, a grassroots coalition of arts and cultural workers, reports:
“The Arts & Culture sector employs 5.1 million people and provides $877 billion value added to the U.S. economy. It adds more value to the economy than transportation, agriculture, or tourism. The Arts & Culture sector is a cornerstone of the larger U.S. economy, making up 4.5% of GDP. Despite their out-sized cultural and economic contribution, the Arts & Culture sector of the U.S. economy is in grave danger.
Due to Covid-19, 62% of Arts Workers report that they are fully unemployed. 94% of Arts workers report income loss; to date, the average Arts worker reports $23,500 in lost revenue this year. Due to Covid, 66% of Arts workers report they are unable to access the spaces, staff, resources, or supplies needed to perform their work.
According to the Brookings Institute economic report Lost Art: Measuring COVID-19’s Devastating Impact on America’s Creative Economy, they estimate a loss of “ 2.7 million jobs and more than $150 billion in sales of goods and services for creative industries nationwide, representing nearly a third of all jobs in those industries and 9% of annual sales. The fine and performing arts industries will be hit hardest, suffering estimated losses of almost 1.4 million jobs and $42.5 billion in sales. These estimated losses represent 50% of all jobs in those industries and more than a quarter of all lost sales nationwide.”
As theatres, concert tours, festivals, opera houses, trade shows, and other live events as well as film and television production remain closed, or open on a very limited basis, the entire industry is impacted, from designers, technicians, programmers, and stagehands to rental shops, manufacturers, and distributors of entertainment technology. The first industry to close last March, Live Events could be the last sector to re-open due to the COVID-19 crisis.
