Search

Back to all news

Report of the associations of the German music industry on the economic impact of the corona pandemic

The music culture in Germany, which is so diverse and provides an identity, finds itself in a dramatic situation in the face of the corona pandemic and faces an uncertain future.

The current shutdown of public life is threatening the existence of the industry, which is characterised by individual, small and micro enterprises - partnering with the performers who are the focus of attention. The German music industry fears that losses caused by corona will amount to almost 5.5 billion Euros within 6 months. The damage report of the music industry illustrates this.