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The A-Z of music in 2021: How the industry will bounce back from a disastrous year Image by Duncographic
Words By Christie Eliezer
In the first instalment of a two-part feature, we lift the lid on A-M of our 2021 predictions.
History/herstory teaches us the music industry is most innovative after wars, economic downturns and social disasters like SARS. The advent of vinyl, CD and streaming came after such events, and the US live industry had a boom after the 9/11 attacks.
PwC says that after the global live music business shed US $18 billion in value in 2020 (down 64%), recovery will be quick. The global accountancy firm’s outlook analysis for 2020–2024 forecasts live music worldwide revenues growing by 82.6%, to over $19 billion, as concerts resume.
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