We’re awaiting the publication of the UK’s parliamentary report into the economics of music streaming, but the body behind that – the Digital, Culture, Media and Sport (DCMS) committee – has also been investigating the future for music festivals in the UK. That report was published this weekend, and it has some stiff criticism for the British government.
“Two years after they last generated revenue, festivals and their supply chains face the prospect of another lost summer,” claims the report. “We warned the Government this would happen at the start of this year. Although exacerbated by uncertainty around the spread of new Covid-19 variants, this situation is a direct result of the Government’s refusal to back insurance for the sector, and failure to accommodate the lead times involved in delivering large-scale events.”
More than a quarter of festivals with a capacity of more than 5,000 people have already cancelled for this year, with insurance concerns the prime reason. You can read the full report here.
Image by Dusan Petkovic / Shutterstock.com
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