The losses caused to the live music sector in Spain, due to the stoppage caused by Covid-19 could exceed 1,200 million euros one year after the arrival of the pandemic to our country, according to the estimates of those affected.

As the national federation has informed EFE Its music, which includes the main associations and agents of the Spanish music industry, between March 2020 and February 2021, the hole caused by the coronavirus would amount to 1,265 million euros.

This figure doubles what they initially offered, seven months ago, when they began to warn of the losses. Until September 2020 these have been more than 600 million euros due to the impossibility of developing festivals in the summer season and that “would put the survival of the sector in question.”

Its music goes further and points out that, indirectly, the stoppage that Covid-19 has caused in this sector and that of concerts would represent a negative impact on the country’s economy of more than 7,000 million euros.

It is, therefore, a complete contrast with the data of the last Live Music Yearbook what, presented in 2019, stated that this sector generated profits of 382 million euros, a positive figure that was a record for Spain after six years of consecutive growth.

The data is, without a doubt, painful, since it affects one of the great legs of the music sector in our country, hovering far above the recorded music data, despite the emergence of the latter due to the proliferation of platforms for streaming.

The world of shows and events, grouped on the platform Red alert, in which musical workers play a fundamental role, has made a distress appeal in the last weeks to public administrations in search of aid and better legislation that serves to regulate a panorama accustomed to a certain legal limbo as is the case of job categories and recruitment models.

Beside Its music, this platform has held recent bilateral meetings with Ministries of Culture, Labor and Finance looking for firm commitments.

Among the promises reached with Minister Yolanda Díaz (Ministry of Labor and Social Economy) is value a subsidy to all those people who, at the time of the start of the pandemic, were outside the Social Security system or were on sick leave and who can demonstrate the intermittence of their activity.

Likewise, the minister would have committed to establishment of “a recovery plan and a sector development plan, working transversally with the Ministry of Culture and Sports “, and to help in achieving negotiation of the collective agreement of the sector.