Impact of the Coronavirus Crisis on the Entertainment Industry

May 12, 2020

There are few truly bright spots in the economy during the pandemic, and for the Entertainment industry, it’s a mixed bag. Within the music and entertainment space, many channels are experiencing significant growth, while anything related to live events and sports is obviously shuttered. Streaming services like Spotify, Pandora, and Amazon Music are all experiencing large gains in users and usage, thereby providing record labels and other music producers a rich haven for listenership.

But beyond music, the real massive gains in the entertainment space are being experienced by the gaming industry. It is the single industry that is growing in advertising revenue. Gaming companies are experiencing rapid growth, as gamers hunker down with their consoles and play away. Check out the full report for more on the state of the Entertainment industry.