Italy’s live entertainment sector has urged the government to give guaranteed income to workers in the entire supply chain as it predicted sector losses could reach €63m.
Assomusica, Italy’s association of organisers and producers of live music shows, has also called for an extension of the suspension of VAT payments and possibility of credit adjustment for companies that have undergone cancellations or postponement of concerts.
In March, the association welcomed the month-long suspension of VAT payments for the nation’s businesses that were outlined in the government’s Cura Italia Decree rescue package. As we enter April, Assomusica is seeking to extend these measures for its members.
Assomusica has also suggested a 12-month stop on the payment of mortgage instalments and leases for the organisers of shows, through the guarantee of the state, and tax credits for the costs of organising cancelled or postponed concerts.
It is also seeking compensation for entertainment companies that have suffered a drop in turnover above 25 per cent.
In Italy, more than 3,000 concert have been affected through to April 3, with 60 per cent of those being rescheduled and 17 per cent being cancelled, with a total loss of around €40m.
Assomusica warned that if the measures continue until May, the total number of suspended events would rise to 4,200, with an additional loss of €23m, and a total loss of €63m to the sector since Covid-19 forced a live events blackout in the beginning of March.
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