Live Entertainment Market Corona's 77% Annual Loss at Pia Estimates May 29, 17:15
About the loss amount that the live entertainment market such as music concerts, stage, sports, etc. will suffer by the new coronavirus in the year to January next year, Pia estimated 690 billion yen, 77% of the annual market size Announcing the findings of the loss.
This was announced by Hiroshi Yanai, president of ticket sales giant Pia, as a survey result of Pia Research Institute during the press conference of Japan Press Club.
As a result, due to the postponement or cancellation of performances, the loss of entrance fees received by live entertainment markets such as music concerts, theatres, and sports began to be affected, and the total amount from February to the end of this month was 194.5 billion. Go up in a circle
Furthermore, it is estimated that the loss for the year to January next year will be 690 billion yen, assuming that the number of visitors will continue to be affected, even if the performance is restarted in stages.
This represents 77% of the estimated market size of 900 billion yen for the past year, and the total number of spectators who cannot enter is 229 million.
In a press conference, President Yanai said, `` I think it will take a full year for the industry to fully recover, but if the second and third waves of infection come, it will also return to the beginning and I feel the risk that the industry will not be able to start up again. I would like the government to think about ways to support it for survival. "