EU music industry revenues down 76 percent, study finds

Europe’s cultural and creative sector has been damaged more by the coronavirus crisis than every other industry except aviation, according to a new study.

Published by the European Grouping Of Societies Of Authors And Composers (GESAC), the report calls for major investment in the arts to avoid potentially irreparable long-term damage.

According to a report in The Guardian, revenues in the sector – which includes TV, cinema, radio, music, publishing, video games, the performing and visual arts – plunged by 31.2% last year compared with 2019.