Covid-19: the music sector's suffering in 2011
The corona virus pandemic has come as a handicap to polarise almost every field and sector worldwide. Thus, music has experienced a more overwhelming financial crisis. For many artists and musicians are facing a situation that dictates its law without exception. This is what this article brings you to discover the ills that the pandemic inflicts on music.
This is what this article brings you to discover, the evils that the pandemic inflicts on music.
How has the music business been through the crisis?
Music an activity that gives gain to the leaders and practitioners through concerts, events, competitions, public buzz, featuring, invitations, trips to various countries of the world. Indeed, the current health situation caused by Covid-19 has forced the authorities in each country to adopt measures to reduce the infection rate. Given this state of affairs, certain measures have particularly affected the lives of musicians. They consist of the organisation of tours, concerts in countries where travel gives an unquantifiable fortune to artists, the banning of festivals, the stopping of flights, the closing of borders has made things worse. Unfortunately, the music business and industry has fallen dramatically. The big leaders are in a total budget deficit, this is how.
Surveys on the crisis in the music industry.
MusiCares an American association conducted surveys on the life of the affected music industries. The results proved two types of crisis. A financial one affecting over 2,900 people working in these companies. They said they were in a precarious financial position to meet their daily expenses because the crisis had slowed down their revenues. Some industries have lost more than $30 billion. Not only did they experience a financial crisis but also, a mental deterioration because of the thoughts of the financial economic fallout to pay back. On the other hand, the pandemic has caused a lot of damage to the artists that their bosses especially with the containment decisions.