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 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.