(Hypebot) – As a June 23rd UK referendum on exiting the European Union approaches, we've been getting lots of reaction to this post on how a Brexit could affect the music industry. Ticket reseller Ticketbis looked at the impacts, from touring artists to fans travelling to gigs.
The major aspects of the music and events industries which could be affected by Britain leaving the EU include: working visas, tax paid on records and merchandise, the touring ability of smaller acts, travel costs, and British fans being able to attend concerts in Europe.
The research looked at each:
“It is difficult to say until the votes are in and new agreements are made, but Brexit could have a huge impact on the music industry in the UK and on music fans across the globe," says Jaime de Miguel from Ticketbis. “Over half (54%) of ticket sales through Ticketbis for events in the UK in 2016 have been from international fans that travel to the UK to attend music events. If the UK was to leave the EU these figures could be seriously affected and opportunities for fans to see their favourite artists live could be slashed.”