Revenue Tag

Sony Music has reported an astonishing $1.82 billion increase in revenue for their first quarter of 2021, which represents a brutal 54% increase in comparison to last years' figures. This amount of money coming from recorded music gives an image of how tough 2020 was for music labels and how they are now starting to recover after a tragic year. But

As expected, the COVID-19 pandemic took its toll on the entertainment industry with cancelled or postponed shows, widespread job reductions, severe revenue losses, leaving music fans and employees in emotional distress. One of the most seriously affected is global entertainment giant, Live Nation, that recently unveiled the company's 95% revenue loss, almost $320 million, only in the third quarter of 2020. The company