90% of independent music venues could shut down due to pandemic
A new study has revealed that the current pandemic could lead to a tragedy of catastrophic proportions to grassroots music venues. The research has suggested that the current crisis could lead to the permanent closure of 90% of concert hosting businesses across America.
This shocking survey was conducted by the National Independent Venue Association who have over 2,000 members across 50 states.
The survey revealed 90% of their members currently feel like they will have no choice but to permanently close venue doors if the lockdown lasts six months or longer and there is still no federal support provided.
NIVA has now put together a proposal for congress that aims to adjust the ‘Paycheck Protection Program’ in order to help out venues. The initiative would help to contribute to half a year’s payroll for full-time and part-time employees, benefits and fix operating costs that include costs such as rent and mortgage payments, utilities, taxes and insurance.
In late May, a letter sent to the House of Representatives read: “Live event venues were among the first to close as COVID-19 spread across the country, and they are likely to be among the last to reopen… Concerts and live events may not be possible until a vaccine is readily available to the public, which could be months away.”
“Until that time,” the statement continued, “live event venues will remain shuttered, leaving employees without jobs and businesses without revenue. The continued closures will impact the hundreds of contractors, suppliers, and business partners that support the live entertainment industry in our states and districts.”