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Live events industry lost $30B due to COVID-19 pandemic, Pollstar says
FILE - Russian-German pianist Igor Levit together with French conductor Stephane Deneve and the Royal Stockholm Philharmonic Orchestra perform Beethoven's Piano Concerto No 5 (Emperor Concerto) during the televised Nobel Prize Concert 2020 at the Sto (FREDRIK SANDBERG/TT News Agency/AFP via Getty Images)NEW YORK - Due to the global coronavirus pandemic, concert trade publication Pollstar puts the total lost revenue for the live events industry in 2020 at more than $30 billion.Pollstar on Friday released its year-end report, explaining that the live events industry should have hit a record-setting $12.2 billion this year, but instead it incurred $9.7 billion in losses.