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It has been a very tough year for the music industry. The ongoing coronavirus pandemic creates challenges in every aspect of the music business. And while the damaging effects are widespread, the live performance sector has taken the biggest hit.

The global music industry is worth more than $50 billion. And of the two primary income streams-live performances and recorded music-concerts account for more than 50% of the total revenue, mostly in the form of ticket sales. …

Sergey Bludov

SVP Media & Entertainment

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