This article is from U.S Chamber of Commerce
One of the biggest industries to be hit by the coronavirus pandemic has been the entertainment industry. Last spring, when COVID-19 caused widespread shutdowns of businesses, arts and entertainment were hit hard. And unlike other industries, such as retail and food service, for the most part, the fine and performing arts have not been able to reopen or bounce back.
Optimistically, with vaccines being administered at a successful rate, it may not be too far off for when museums, venues, and other performing centers can reopen. In the meantime, the entertainment industry needs to assess its path to recovery, as well as advocate for its importance both economically and culturally.
Here are three insights about the current state of the entertainment industry and its economic importance.