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has navigated significant challenges in the past, most recently 9/11 and the 2008 global financial crisis, after which passenger numbers flatlined for 2-3 years before continuing their upward trajectory. ... As the theatre industry takes steps towards reopening after being closed for the majority of 2020, I'm reminded of this concept. Russia’s opposition leader is forcing the system to make decisions it wants to avoid. As part of ... More. After Coronavirus, Entertainment Will Never Be the Same The pandemic is revealing pressure points across the industry as consumers are left … Recovery Realities: How the Business Events Industry Will Move Forward After COVID-19. And the pandemic has only exacerbated many structural challenges and trends that companies already faced. And there are no reopening dates scheduled: A typical disaster movie ends with a resolution after two hours, but the broader reality for the M&E industry is a considerably longer period of triage, pragmatic continuity, and contemplation of the new normal, whatever that might look like. “I think we’ve seen the end of packed dining rooms for quite a while. This message will not be visible when page is activated. We must ensure stable living and working conditions for artists to flourish. Not likely, say both Japanese organizers and the mandarins of the International Olympic Committee. Cities that win this “prize” are likely to make considerably less upfront investment in new infrastructure such as sports venues, hotels, and transportation links than is currently the case. ... During And After COVID-19. The crisis has also demonstrated the incredible opportunities offered by digital technologies to connect culture with audiences across the world, which will no doubt continue as a major trend moving forward. There is obviously a cultural resiliency to our yearning for sports. Taking action against systemic bias, racism, and unequal treatment, Key opportunities, trends, and challenges, Go straight to smart with daily updates on your mobile device, See what's happening this week and the impact on your business. Basketball and football games are thinkable (if less enjoyable) as television-only events, but the Olympics have been just as much a festival of nationalities among spectators as among the athletes. After the darkness, the first professional sports are back—with major changes, of course: Empty stadiums, team bubbles to keep the players healthy, announcers and TV producers working remotely. The future of film: can cinema survive Covid-19? The COVID-19 pandemic is still ripping through the U.S.; the hardest-hit state, New York, is still weeks away from a projected peak of infections; and the prospect of … As recently reported in the Los Angeles Times, the media and entertainment industry has been significantly impacted by the new normal presented as a … Coronavirus has brought travel and tourism to a standstill, and may irrevocably change the industry. Some sports work better with precautions than others. After all, entire segments of the industry - in particular, movie theaters, live and out-of-home experiential entertainment - have shuttered. Celebrations were restrained—there were fist bumps, not high-fives. Audiences around the world became increasingly accustomed to nurturing their souls by enjoying these displays in magnificent settings everywhere. Nine experts on the future of education after the pandemic. COVID-19 appears to be reversing this trend, taking healthcare and labour goods out of the market and putting it into the hands of the state. Europe's fur industry is back in the spotlight after Denmark's mass culling of millions of mink following an outbreak of coronavirus at farms in the country. There is obviously a cultural resiliency to our yearning for sports. Experts Predict What Life Will Be Like After A COVID-19 Vaccine Arrives. In the short term, both international and domestic players will probably feel the pinch of cancelled and postponed tournaments that helped them get by. Following these crises many airlines and their supply chains merged and restructured in order to first survive and later thrive. Companies that rely on physical experiences and spaces will likely be challenged to reinvent their practices and content to ensure they are more agile and prepared when the next crisis eventually comes. Emptier dining rooms. Doing so can unlock new opportunities, capabilities, and experiences that can expand revenues while building resiliency. Millions of people have been deprived of revenues from tourism, which depends so heavily on cultural venues and products. I have no doubt that we will look back on this moment and recognize it as an impetus that served us well in the post-pandemic world. By James S. Snyder, the director emeritus of the Israel Museum in Jerusalem and executive chairman of the Jerusalem Foundation. Quarantined indefinitely. That business is over, too. COVID-19’s legacy will instead live on in the acceleration of the sport’s growing inequalities, especially between the handful of international teams around whom the global game revolves. Indeed, the longer-term effect of the coronavirus on the Olympics may well be that fewer cities show interest in hosting them. COVID-19 outlook on the US media & entertainment industry Recover: Insights from The Center for Technology, Media, and Telecommunications There are four key strategic issues that media and entertainment organizations should consider, to recover from the crisis while laying the foundations for a thriving future. The film industry in Iceland will grow because of the pandemic. The industry was hoping to make a comeback in late 2020 but several post-pandemic test voyages – such as a SeaDream cruise in November – were cut short as Covid-19 cases were discovered. I’m convinced that companies like ours that screen and send people to get tested help break the transmission. Forced by necessity and powered by creativity, digital reinvention is gathering speed. Demand for content—streamed, live and multi-playered—is skyrocketing while new content creation, has been largely turned off. Qantas has said it would likely require passengers to have proof of a COVID … Advertisers will surely resume spending, but the question is not just when, but also how and where. The silver lining: Eventually these developments will lead to renewed calls for player protections in a notoriously unregulated sport, including a minimum wage and other forms of welfare. They cannot survive years of little business; if they have any future at all, it will be as a redesigned, theme-park-like experience enjoyed at high prices once a year, relegating them to an exotic corner of the entertainment business. Stock prices for major streaming services, traditional entertainment conglomerates, and brick-and-mortar exhibitors have plunged amid the COVID-19 outbreak. Hollywood & Entertainment. ... Fur industry faces uncertain future due to Covid. There is so much work right now that our problem isn’t the virus; it’s that we can’t find the people we need. The virus has delivered a final blow to an already moribund patient, put on its deathbed by streaming services such as Netflix and 21st-century computer technology. In the perpetual war over broadcast deals and playing schedules, it easy to imagine the superpowers winning handily, and smaller cricketing nations falling in line. They are designed to bring people into close proximity for a collective experience. Other installments include: How the Global Order Will Be Changed Forever by John Allen, Nicholas Burns, Laurie Garrett, Richard N. Haass, G. John Ikenberry, Kishore Mahbubani, Shivshankar Menon, Robin Niblett, Joseph S. Nye, Jr., Shannon K. O’Neil, Kori Schake, Stephen M. Walt, How the Economy Will Look After the Pandemic by Joseph E. Stiglitz, Robert J. Shiller, Gita Gopinath, Carmen M. Reinhart, Adam Posen, Eswar Prasad, Adam Tooze, Laura D’Andrea Tyson, Kishore Mahbubani, How Urban Life Will Be Transformed by Richard Florida, Edward Glaeser, Maimunah Mohd Sharif, Kiran Bedi, Thomas J. Campanella, Chan Heng Chee, Dan Doctoroff, Bruce Katz, Rebecca Katz, Joel Kotkin, Robert Muggah, Janette Sadik-Khan, The Future of Government by James Crabtree, Robert D. Kaplan, Robert Muggah, Kumi Naidoo, Shannon K. O’Neil, Adam Posen, Kenneth Roth, Bruce Schneier, Stephen M. Walt, Alexandra Wrage, The Future of Travel by James Fallows, Vivek Wadhwa, Pico Iyer, Rolf Potts, Elizabeth Becker, James Crabtree, Alexandre de Juniac, The Future of Schools and Universities by Arne Duncan, Andreas Schleicher, Mona Mourshed, Jennifer Nuzzo, Ludger Woessmann, Salvatore Babones, Davesh Kapur, Michael D. Smith, Dick Startz. Going forward, museums will need new strategies for producing and presenting rich programming while no longer being able to rely on the robust attendance figures that have helped enable their success—and for continuing to engage and educate their audiences both on-site and throughout the communities they serve. Without question, Iceland will be a winner, along with a few other countries like Germany that have handled the pandemic with a steady hand, led by science, focused on endurance for the long term, and without panic. Do not delete! Smaller international cricketing teams with fewer television revenues, such as West Indies, have had to borrow funds to tide them over the pandemic. The Antwerp Olympics of 1920 were held under the lingering effects of the devastating Spanish Flu pandemic of 1918-19, and they suffered accordingly. Entertainment Culture & Arts Media Celebrity TV & Film. Global entertainment giant Cirque … Experts predict that COVID-19 will cut US$12 billion out of the entertainment industry in the United States alone. By Audrey Azoulay, the director-general of UNESCO. Sports, like the rest of society, will adapt. But the country’s system is broken in ways even Biden is unlikely to fix. Some things may be lost forever: Players high-fiving fans after a game, reporters crowding together with the team in the locker room. The bigger question is about long-term shifts and psychological effects. COVID-19’s effects on supply, demand, and industry dynamics That model was already under siege before 2020’s disaster, which only accelerated the changes unleashed by streaming services more than a decade ago. All M&E companies should ensure that their operational plans and longer-term strategies account for an extended period of adjustment. The world must come together to safeguard our cultural heritage. We were the guinea pigs to see if it could work. Please see www.deloitte.com/about to learn more about our global network of member firms. After all, many tourists are already paying substantial sums to go to see the pigs – and having a little extra to ensure the pigs remain in future, and in good health, is a sensible decision. A decade of robust philanthropy matched by an impressive record of global cultural diplomacy was enabling museums to present collections, share works, and showcase world culture in unprecedented ways. When we do reopen, it will be with socially distanced seating. The pandemic strikes at the heart of why orchestras exist: to bring people together and build community through the power and emotion of live music. Tokyo has already suffered twice—who wants to be Tokyo Number Three? COVID-19 outlook on the US media & entertainment industry Recover: Insights from The Center for Technology, Media, and Telecommunications There are four key strategic issues that media and entertainment organizations should consider, to recover from the crisis while laying the foundations for a thriving future. The impact goes far beyond the canceled games and postponed seasons: Fans aren’t spending money in sports bars, no one is traveling for games, and communities aren’t getting the revenues they normally enjoy. Cases are down, and there is so much work in film right now that our problem isn’t the virus; it’s that we can’t find the people we need. 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