Spectator sports, event promoters, artists and related industries, 2021

Spectator sports, event promoters, artists and related industries continue to struggle in 2021

In 2021, the operating revenue of spectator sports, event promoters, artists and related industries rose 7.8% to $7.4 billion but were 30.1% lower than the level observed in 2019, before the COVID-19 pandemic. Rolling COVID-19 health restrictions in 2021 continued to disrupt this subsector, as businesses had to adapt to operating with limited or no live audiences. Businesses in the spectator sports industry group (-3.4%) and the promoters (presenters) of performing arts, sports and similar events industry group (-2.4%) were affected by public health restrictions because they rely on larger, in-person events to generate much of their revenue. However, independent artists, writers and performers (+32.1%) as well as agents and managers for artists, athletes, entertainers and other public figures (+19.0%) fared better in 2021, as operating revenue rose.

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