UN eyes bigger role for creative economy in promoting sustainable development

Arab News,
02 Enero 2021, International

COVID-19 has plunged theaters into darkness, thrown down the shutters on art galleries, and canceled innumerable concerts, exhibitions and book signings. According to the UN Conference on Trade and Development (UNCTAD), the cancelation of public performances alone has cost authors roughly 30 percent of their royalties worldwide, while the global film industry has reported a revenue loss of $7 billion.