As I noted in the main thread, this is going to absolutely destroy the livelihoods of most bands, including my brother- and sister-in-law’s, which was on a multi-country tour that had to be cut short with all of their remaining venues closing, had just signed a bigger record deal, and were starting to get national and international attention before the outbreak.
They’re now doing their best to shift everything to virtual shows and ramp up digital engagement with their fans, but most revenue for bands outside of the global elite these days is via live shows and merchandise, and you just can’t get people to pay similar amounts for online performances (for many reasons, not even counting that people are just not going to have the money to spend in the future). I spent several hours talking with their manager recently about how horribly things are likely to go for them this year as even with the shift they’ll probably lose about 75% of their yearly revenue over the next few months, with a large junk evaporating with the SXSW (US) cancellation.
They are genuinely expecting to have to give up touring for a few years (at least) and go back in to the various work they were doing before forming the band with one of their mates five or six years ago. But they have no idea if there will be any available positions or if anyone will hire them given their long absence from those fields.
And they just bought their first home six months ago.