On March 5, 2020, Lighthouse Research Institute released the "Looking back on the glory and looking forward to the spring - 2019 Performance Industry Insight Report". The data from the report showed that in 2019, China's performance box office reached the 20 billion mark, an increase of 7.29% year-on-year.
In February 2020, under the severe epidemic situation of the country, the China Performance Industry Association conducted a sample survey within the membership. According to incomplete statistics, in the first quarter of 2020 alone, nearly 20,000 performances that have been cancelled or postponed nationwide, and the direct box office loss has exceeded 2 billion yuan.
In March 2020, with the epidemic raging around the world, the United States opened a state of emergency, Italy was blocked across the board, NBA confirmed emergency competitions were suspended, large music festivals were all suspended, and performance venues were closed in all aspects. Like in China two months ago, the overseas performance industry has also stagnated in the next one or two months, and the impact it has been self-evident. According to incomplete statistics, the impact of the overall economy on the United States’ festivals such as Coachella and Stagecoach is about US$700 million every year. As the epidemic spreads and affects, the postponement or cancellation of overseas performances means hundreds of companies will experience the pain of delays with artists and music fans.
What are the "stravels" of major global events/performances in 2020? What impact has our economic and cultural life been affected? WORLD SHOW has sorted out the "stranded" state of global performances. May all the losses and pains be remembered in this cold spring.
2020 Tokyo Olympics
Original planned to be held: July 24-August 9, 2020
Status: Postponed to July 23-August 8, 2021
In order to host this year's Olympics, Japan has been preparing for this for 7 years, with a total budget of more than 1.7 trillion yen (about 100 billion RMB); not only did it build 7 new competition venues in large quantities, but also comprehensively renovated and renovated a large number of old halls. According to Time magazine, preparations for the Japan Olympics have cost about US$25 billion, as much as four times the initial budget. Among them, the Japanese government provided 120 billion yen (about 7.7 billion yuan) for building stadiums and 30 billion yen (nearly 2 billion yuan) for hosting the Paralympic Games.
According to Katsuhiro Miyamoto, honorary professor at Kansai University in Japan, the Olympics postponement for one year means that the maintenance and management fees for Olympic-related venues and athletes’ villages will increase, plus necessary expenses such as re-selecting of athletes, a total of 640 billion yen (about 41 billion RMB).
2020 European Cup
Original planned to be held: June 13, 2020 - July 13, 2020
Status: Postponed to June 11, 2021 - July 11, 2021
To commemorate the 60th anniversary of the European Championship, the 2020 European Cup (UEFA EURO 2020) adopts the first method of no host country, and is jointly held by 12 cities in 11 European countries. The opening ceremony is held in Rome , and the semi-finals and finals are held in London. This is the first time that the European Cup has been held in non-even years since its establishment in 1958, and it is also the first time that the European Cup has been postponed in history.
European Cup postponement means a considerable amount of economic losses. It is reported that UEFA has cancelled all hotel reservations through its official partners, and the loss alone has exceeded 100 million euros. UEFA is currently planning to ask for 275 million pounds (about 2.32 billion yuan) of compensation from European clubs.
Ultra Music Festival (UMF)
Original planned time: March 20-22, 2020
Status: Postponed to March 26-28, 2021Hold
Ultra Music Festival is the first large-scale music festival in the United States to be cancelled or postponed due to the new crown epidemic. It has failed to be held as scheduled for the first time since it was held in 1999. Ultra Music Festival was co-founded by Russell Faibisch and Alex Omes. The previous venue was mostly held by the United States Miami , so it is also known as the Miami Electronic Music Festival. It is usually held in March every year and attracts about 160,000 music fans from more than 100 countries every year.
Except for Thiesto who has not appeared in the lineup for the first time since 2006, the festival's lineup includes many heavyweight guests, Subtronics, Kayzo, Fisher, Charlotte de Witte, chainmockers, Marshmello, Martin Garrix and others are all arranged to perform.
According to statistics from the Miami government and the Visitors Bureau, UMF will drive $223 million in economic gains every year, which will be postponed this year, and the economic losses can be imagined.
Tomorrowland Winter
Original planned time: March 14 to 21, 2020
Status: Cancel
2020 Tomorrowland Winter Music Festival original performance lineup includes Armin van Buuren, Martin Garrix, Afrojack, Dimitri Vegas & Like Mike, etc. This music festival originated from Belgium is the largest electronic music festival in the world. There are dozens of stages in the park, ranging from thousands to tens of thousands of people, and is equipped with a complete range of food and entertainment facilities. Although it was founded in 2005 and is very young compared to the old music festival, it has quickly become one of the discussions of the world's three major electronic music festivals.
Coachella
Original planned to be held: April 10-12 and April 17-19, 2020
Status: Postponed to the weekends of October 9 and October 16, 2020
Among the three major music festivals held in California, the Coachella Music Festival is the largest and the most powerful music event with the guest lineup, attracting more than 100,000 fans every weekend. Among the guests of this year's performances, there are many stars such as Rage Against the Machine, Frank Ocean, Travis Scott, and BIGBANG, who performed on stage for the first time after the military service.
If Coachella is cancelled, the organizer Goldenvoice will undoubtedly suffer a major financial blow. According to historical data, in 2016, Coachella and Stagecoach brought a total of $704 million in economic boost.
Live Nation is the organizer of Coachella and Stagecoach Festivals, as well as many major events in the United States. In less than a month, Live Nation's shares fell more than 50%, from a recent high of $76.08 on February 19 to $36.20 at the close of Thursday. Their concerts and festivals held nationwide and around the world have had much more than just ticket sales recorded at the box office, making a significant contribution to the overall economy of the Coachella Valley as a whole.
According to reports, some analysts said they expect large companies like Live Nation to survive economically, but smaller concert promoters could be hit hard. Large companies like Live Nation will have the opportunity to acquire small companies and gain greater market share.
South by Southwestml7
Original planned hosting time: March 13-22, 2020
Status: Cancel
Music event held in Austin, Texas, USA. SXSW was cancelled for the first time in 34 years. Last year, SXSW attracted more than 73,700 people, of which about 19,000 were from outside the United States. Objectively speaking, in 2019, SXSW brought $356 million in helping the local economy, and hotel booking alone brought nearly $1.9 million in tax revenue to the city of Austin.
In terms of impact, Siegel said that canceling the festival will cause huge losses to all parties in the industry chain. "Of course, the organizers are the most affected. Look at every supplier and every advance they have already invested, and all the expenses in marketing. I mean, think about how much money such an event can make that weekend." Steve Sternschein, owner of the local performance venue Empire Control Room, also said that usually, Austin bars and music venues can generate about 20% of annual revenue through 10 days of SXSW events. "If there is no such event, it will be, I wouldn't say 'disastrous', but it will be a dangerous situation."
Glastonbury Festival
Original planned to be held: June 24-28, 2020
Status: Cancel
Glastonbury Music Festival is one of the most famous music and performing arts festivals in the world. From rock and pop to minimalist houses, high-tech and full-throttle bass drums, music lovers flock to Somerset’s spiritual realm. Toby Heelis, CEO of
Eventopedia, believes that the delay in the Glastonbury Festival will actually “instantly increase costs” because of the need to extend the staff’s time and participating artists need to reschedule them. “The cost is estimated to be lost to more than £60 million, considering operating costs and refunds.
Time Warp DE 2020
Original planned hosting time: April 4, 2020
Status: Cancel
Time Warp DE holds a music festival in Mannheim (the iconic fortress of Techno) to celebrate the electronic music genre for more than 25 years. Entering the 26th edition, techno's crown jewelry attracts the world's most respected DJs and producers community and gathers an annual event at a grand scale and unrivalled. The festival attracted people from all over the world, gathered in the festival’s huge hangar, and had a total of 19 hours of inspiring experience, adopting equally innovative sound and visual designs in six phases.
Eurovision Song Contest 2020
Original planned to be held: May 12-16, 2020
Current status: Cancel
Eurovision Song Contest is a singing competition hosted by the European Broadcasting Union (EBU). It has been held in 1956 and is the largest known singing competition in the world. According to Dutch National TV Station on the 18th, due to the impact of the epidemic, the 65th European TV Singing Competition (hereinafter referred to as the European Song Competition) originally scheduled to be held in Rotterdam, Netherlands in May was cancelled.
Cannes Film Festival
Original planned to be held: May 12-23, 2020
Current status: Cancel
France Cannes Film Festival (Cannes Film Festival) can be said to be the most prestigious film festival in the world and the largest annual gathering in the cinema. This year it is the 73rd session. Currently, global films have fallen by US$7 billion (about RMB 49 billion) due to the impact of the epidemic. If the severe situation continues until May, Hollywood will face an unprecedented financial crisis of US$20 billion (about RMB 140 billion).
Billboard Award Ceremony
Original planned time: April 29, 2020
Current status: The 2020 holding time is to be determined
Original "Billboard" award ceremony originally scheduled to be held in Las Vegas on April 29 was postponed. The organizer said: "In accordance with the government and health authorities' guidelines, it has been decided to postpone the event for the safety of artists, audiences and staff," and said that a new date and location will be announced soon.
Beyond wonderland
Original planned time: 2020 from March 20 to 21
Current status: Postponed to June 19 to 20, 2020
EDC's production company Insomniac announced a postponement. The Beyond Wonderland, the Beyond Wonderland SoCal E-Show Festival, originally scheduled to be held from March 20 to 21, was postponed to June 19 to 20, 2020. The organizer said that the lineup will be adjusted at that time, but the quality of the performance lineup will be maintained. At the same time, if the ticket holder cannot participate in the adjusted time, the ticket is allowed to be refunded.
All six Disney parks in the world are suspended
In view of the impact of the new crown pneumonia epidemic, at the end of February, Disney closed all theme parks in Asia for the first time (Shanghai Disney, Hong Kong Disneyland, Tokyo Disneyland and Tokyo Disney Ocean). In mid-March, Disney announced the closure of South California Disneyland , California Adventure Park and three Disney hotels. Disneyland in Florida and France were subsequently closed.
The losses caused by the closure of three hotels in Disneyland, California are nothing compared to Disney Resort in Florida. Disney Resort in Florida closed 24,000 hotel rooms, 10 times the size of Disneyland hotels in California. 18 hotels and Disney Resort Club facilities under California Disneyland will be closed from March 21 until the end of March.
Since Disney has not disclosed the number of annual visitors to the park, referring to the latest statistics from the theme park association TEA, Disney's number of visitors to the park in 2018 was about 157.3 million. According to Disney's 2018 financial report, Disneyland's ticket revenue for that year totaled US$7.183 billion. Therefore, the average ticket revenue per visitor to the park is about US$45.66. Comprehensive TEA and Disney reports that the number of passengers lost to California Disneyland and California Adventure Park during the closure period could reach 1.4 million, and the loss of ticket revenue was $64 million.During the closing period of two Disney parks in France, the number of passengers lost to 700,000 and the ticket revenue lost $32 million. Overall, Disney Global Park is closed during the epidemic, resulting in losses in ticket and hotel-related revenues expected to exceed US$640 million.
Attachment: Cancellation of overseas performances (partial) Central Europe: All concert halls and opera houses in Romania are closed until April 22, with a maximum of 100 indoor gatherings; Slovenia's indoor performance cap is 100; Eastern Europe: Munich, Germany, Bavaria, State Opera , Berlin State Opera, and German Opera cancel all performances before April 19; Greek 4 The government requires the maximum rallies of 1,000 people, and all theater performances will be cancelled until March 27; Austria Vienna State Opera announced the cancellation of performances until April 2; Croatia all theaters will be closed until April 17; Estonia till May 1; all theaters will be cancelled until March 27; Latvia till no more than 200 people; Western Europe: France till Paris State Opera announced the cancellation of performances; Belgian government requires the limit of 1,000 people, and the Mint Opera cancelled performances until March 31. The Antwerp Opera cancels performances until the end of April; Poland suspends all cultural activities, including theaters (no deadline); the Dutch government requires rallies to be limited to 100 people, and the major opera houses cancel all performances in March; the Italian government announces the cancellation of all performances in China until April 3; Nordic: Denmark prohibits all large gatherings, and all theaters suspended until April 17; the Finnish government recommends that the maximum number of gatherings is 500, and the State Opera cancels performances before April 14; Iceland has a minimum of four weeks from midnight on March 16 (midnight on April 13) to 100 people; the Norwegian government limits the maximum number of gatherings not exceeding 500 people. The Bergen State Opera canceled all performances; the Zurich Opera announced that all performances will be cancelled until April 30.
A list of large overseas music festivals and concerts postponed and cancelled (incomplete statistics)BTS's original Seoul concert scheduled to be announced in April announced the cancellation of
(G) I-DLE's world tour, originally scheduled to start in April, announced the postponement of
SEVENTEEN World Tour announced the cancellation of
TWICE Tokyo concert announced the postponement of
Mt Tsingenji Asian tour announced the postponement of
Shibuya Subaru originally scheduled to March, announced the cancellation of
Japan's Asian tour in March, announced the cancellation of
Japan's Japanese Johnny's office suspends or postpones various artist performances (including ARASHI's Beijing Bird's Nest Concert in April)
Avril's Asian tour and European tour announced the cancellation of
US Coachella Music Festival to October (BIGBANG's return to the stage premiere)
US ULTRA MIAMI Electronic Music Festival announced the cancellation of
Tomorrowland Winter Music Festival announced the cancellation of
US SXSW Music Festival announced the cancellation of all events in 2020
Queen's Band and Adam Lambert Paris joint concert announced the postponement of
Richard Marx announced the postponement of its first European tour in nearly ten years
Madonna originally scheduled to be held in France in March announced the cancellation of
Australian Music Festival Dark mofo announced the cancellation of
Chinese concert postponement and cancellation list (incomplete statistics):
From February to May, Andy Lau "My Love" World Tour Concert "15 games were cancelled and 9 games were postponed; Jolin Tsai html in Shenzhen and Shanghai in February, concerts in Ningbo, Nanjing, Chengdu, Wuhan and Tianjin in April were all postponed; Wu Qingfeng "Space Memo" concerts in Tianjin and Wuxi in February were postponed, concerts in Zhengzhou in March were also postponed, concerts in Suzhou , Dalian and Nanjing in April were also postponed. Cao Xuanbin tour was postponed from March to April to September to October. Lee Zongsheng's original tour plan was also greatly affected and five games were postponed. Super Junior Taipei concert announced a postponement. Eason Chan originally planned to start a new round of tours in the mainland this year. The "Head Cannon" Shanghai Station failed to start smoothly, which is bound to have a chain reaction to his performance plans in another 15 cities.
Editor's note:
This is a sad spring. Affected by the new crown pneumonia epidemic, the performance of large-scale domestic and even global events/performance markets in 2020 is still in the unknown.On February 21, Hong Kong TTN announced that the venue will be officially closed after the performance on February 27. On March 8, Brown Sugar Bowl announced that its Shekou store had been closed because of the epidemic, and there was no way to hold a farewell party. On March 28, according to Reuters , Cirque du Soleil, known as the "Canadian National Treasure", may file for bankruptcy due to cash shortages or facing a debt crisis of US$900 million... Only the parties involved have a real feeling of hardship. Although we are powerless to do anything about the heavy blows brought by the economy, keeping some memories is to leave the seeds of hope in our hearts.
Document source and reference:
"China Performance Industry Association"
"Time Weekly"
"Nandu Weekly"
"Music Finance"
"People's Daily"
"Global Information"
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