The retrospective show sparked a fallout discussion where people wondered what the future of concerts could be. A vital consideration was how important live shows are for music revenue.
Social distancing and fear of catching the virus are obviously huge problems to overcome. We found over 1m mentions, from March 1 to May 17 2020, from people stating they wouldn’t go to a show because of them.
An ongoing workaround is live virtual events. Streamed events have been a hit on social, with 565k positive mentions from March 1 to May 17. One third of Finland tuned into a virtual concert to celebrate May Day, and Fortnite has been breaking records with its in-game shows. Generally, consumers have praised how technically impressive these virtual shows are, but have also complained that they lack atmosphere.
Drive-in concerts, which require concert-goers to park in a field and rock out, are already being rolled out. From March 1 to May 17, 39k social posters were in favor of these kinds of shows.
As the Eurovision throwback episode highlighted, we can’t rely on retrospectives forever to keep consumers entertained. The entertainment industry needs to be looking into new and exciting ways to keep business afloat.
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Brandwatch Response Team