A report on the cultural economy before + after Covid-19
With facts + figures, “Rebuilding Europe: the cultural and creative economy before and after Covid-19” by EY Consulting illustrates the significance of the sector and the effects of Covid-19. Read it here!
At the end of 2019, the cultural + creative economy was a European heavyweight, making a higher economic contribution in the EU than telecommunications, high technology, pharmaceuticals or the automotive industry.
Moreover, all the players point to a period of intense innovation – not only in search for greater live experience, but also the explosion in demand for online content.
However, since the outbreak of the Covid-19 crisis, the sector has seen a los of 31% of its revenues. In performing arts spefically, this loss is 90%. While the crisis has hit Central and Eastern Europe the hardest, all sectors in the cultural + creative economy have been affected.
When it comes to rebuilding Europe after the crisis, the report identifies 3 challenges: Public funding, providing empowering conditions for businesses and creators, and leveraging the cultural + creative economy as a major accelerator in Europe.
Read the full report below!
YOU MIGHT ALSO BE INTERESTED IN...

Pastorale.SOAP
ORF-Enterprise GmbH & Co KG
Styriarte resumes the interrupted Beethoven year 2020 - with the master's most cheerful symphony, the “Pastorale”.

Panoptikum - new dance production of Czech TV
Czech Television
Live broadcast of an award-winning performance by the renowned ensemble Lenka Vagnerova & Company. Another instalment in ČTart’s cycle "Live Theater".

Spectrum Concerts Berlin perform Shostakovich
NAXOS Audiovisual Division
Jens Peter Maintz and Eldar Nebolsin live from MetaHaus Berlin.

The Gershwins’ “Porgy and Bess”
Clasart Classic
This gripping new production of the Gershwins’ famed American opera features Eric Owens and Angel Blue in the title roles.





