Virtual Concerts Are Set to Reshape the Music Industry Post-Pandemic

“COVID is going to prove over time to be the greatest thing that ever happened to the music industry,” music technology investor Zach Katz tells TheWrap

Even when fans flock back to live music venues post-pandemic, virtual concerts will remain a key part of the industry and allow musicians to take their shows further on the road, experts said.

Live music is estimated to bring in $26 billion each year, a number PriceWaterhouse Coopers predicted was on track to grow pre-pandemic. In the absence of traditional concerts, music technology companies have found a valuable niche.

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Samson Amore

Samson Amore

Gaming and technology reporter • samson.amore@thewrap.com • Twitter: @Samsonamore