Report calls for major investment as arts revenues fall faster than in all other industries except aviation
Europe’s cultural and creative sector has been hit harder by the coronavirus crisis than every other industry except aviation, according to a study that calls for major public and private investment to avert possibly irreparable long-term damage.
According to the report, 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. It was hit even harder than tourism, which lost 27% of its income.
Continue reading…Report calls for major investment as arts revenues fall faster than in all other industries except aviationCoronavirus – latest updatesSee all our coronavirus coverageEurope’s cultural and creative sector has been hit harder by the coronavirus crisis than every other industry except aviation, according to a study that calls for major public and private investment to avert possibly irreparable long-term damage.According to the report, 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. It was hit even harder than tourism, which lost 27% of its income. Continue reading…