Folks wait in line for the Gordon Lightfoot live performance on the newly re-opened Massey Corridor in Toronto, Thursday, Nov. 25, 2021. THE CANADIAN PRESS/Cole Burston
TORONTO --
Widespread capability limits, venue closures and different government-mandated COVID-19 security measures left Canada's performing arts sector going through a serious monetary downfall in 2020.
A report this week from Statistics Canada says efforts to forestall the unfold of the virus through the first yr of the pandemic drove revenues to their lowest stage for the reason that federal company started monitoring the info in 2014.
General, the performing arts business's working revenues plummeted 31 per cent to $1.8 billion from $2.6 billion in 2018 when the figures have been final out there.
The toughest hit have been for-profit performing arts firms which noticed working revenues tumble 40 per cent to $942 million as worldwide tourism successfully stopped and fewer Canadians visited cities with theatre hubs.
Organizations in Quebec have been hit with the largest income declines, adopted by Ontario, Alberta and British Columbia, with all 4 provinces comprising almost 95 per cent of the business's revenues.
Non-profit firms additionally confronted monetary setbacks, although the report famous that impression was softened by help from authorities grants and subsidies.
Their revenues dropped $166.3 million, largely attributable to evaporating single ticket gross sales, which have been down $113.7 million. Subscription gross sales fell $31 million.
On the similar time, these non-profits turned extra reliant on fundraising, subsidies and company sponsorship, which offered 62 per cent of working income in comparison with 46 per cent in 2018, based on the info, launched Monday.
With fewer ticket patrons displaying up for reside performances, some firms started reside streaming occasions, and that helped bolster e-commerce gross sales, which accounted for almost 24 per cent of all gross sales revenues.
This report by The Canadian Press was first printed Jan. 25, 2022.
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