January 26, 2021
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.
EU’s creative sector ‘faces economic devastation from Covid’
According to the report, revenues in the sector – which includes TV, cinema, radio, music, publishing, video games and 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.
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