Survey: Third of musicians in Hungary considering leaving profession
Fully 47 percent of respondents lost 90 percent of their income in 2020, the survey of songwriters and performers asked about the dent in their incomes left by the pandemic in 2020 found. More than 700 responses were given, with 80 percent having been active in the industry for at least ten years. Fully 52 percent received no state support or any other subsidy earmarked for musicians.
Those who did received only 15 percent of their annual income on average. For 21 percent, tax relief for small entrepreneurs and subsidized loans provided some help.
Half of respondents already could rely on several sources of income beyond their own profession before the pandemic and this went some way towards alleviating their hardships.
Regarding online concerts, 23 percent of respondents broadcast concerts online, though many believe that after the epidemic online concerts are likely to fade away because they bring in lower revenue.
The vast majority of musicians said online concerts fell short of the real concert experience both for audiences and performers.
Fully 59 percent of respondents said their earnings this year would be even worse than in 2020.