American Arts Organizations Stand to Lose a Staggering $6.8 Billion This Year as a Result of the Shutdown, a New Study Says

18 May 2020, USA

When arts organizations across the United States closed their doors indefinitely two months ago, revenue from ticket sales fell to zero overnight—and, for some, their very survival was thrown into question. Now, a new study estimates that cultural institutions stand to lose a total of $6.8 billion year over year, equivalent to a loss of 26 percent of operating expenses on average.