Economic impact of the coronavirus outbreak on several music segments in France 2020
The coronavirus outbreak deeply impacted the French music industry, generating important losses in various sectors. France is famous for its many music festivals, often held in the summer, and successive cancellations have led to losses of more than two billion euros for this market, which corresponds to an 83 percent drop compared to the figures originally forecast. This sector is the most affected in the music industry, far ahead of the recorded music or export sectors.
