New Report by Oxford Economics Shows Concerts and Live Entertainment Industry an Economic Engine in United States
WASHINGTON, July 26, 2021 /PRNewswire/ --Today Oxford Economics released an economic report entitled "The Concerts and Live Entertainment Industry: A Significant Economic Engine," that highlights the industry's contributions to the U.S. economy.The report, commissioned by Live Nation Entertainment, was conducted by Oxford Economics to better understand this important industry's contributions to the U.S. economy nationally and at the state and local levels.
- WASHINGTON, July 26, 2021 /PRNewswire/ --Today Oxford Economics released an economic report entitled "The Concerts and Live Entertainment Industry: A Significant Economic Engine," that highlights the industry's contributions to the U.S. economy.The report, commissioned by Live Nation Entertainment, was conducted by Oxford Economics to better understand this important industry's contributions to the U.S. economy nationally and at the state and local levels.
- "The US needs a flourishing concert and live entertainment industry to achieve full economic recovery."
- The industry generated a direct impact of $55.2 billion in 2019, which included local operational spending by live events venues and off-site spending by out-of-town live event attendees.
- TheConcertsandLiveEntertainment Industry, as defined by this report, includes all live musical performances, such as festivals and concerts, and comedy shows held in amphitheaters, clubs, theaters, arenas, stadiums, and other venues.