Jens Michow (Executive President Bundesverband der Konzert- und Veranstaltungswirtschaft (BDKV) e.V.):
Called the situation right now the destruction of the concert industry. The coming 12-18 months will not allow space for tours. Expects a recovery of the live music industry by the third or fourth quarter of 2023. He also said that most of the businesses won’t survive without (financial) support (nothing new here)… The live biz will be stronger than ever before, once Corona is history. In his eyes, livestreams (of performances) carry potential to provide added value to any event. Concert promoters will focus strongly on a “live plus digital” approach. In addition, he prospects that livestreams will be around as digital only offers more than before.
Complete talk: https://www.youtube.com/watch?v=hAXeFHn5uPo (German only)