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Inside the Supersonic Boost That Oasis’ Reunion Tour Will Bring to the UK Economy, Live Sector
How Oasis' reunion tour will bring a major boost to the UK music economy and live sector.
LONDON — Nearly three decades after Oasis ‘ cultural and commercial peak, the Gallagher brothers — songwriter/guitarist Noel and singer Liam — are once again making headlines around the world, following the shock announcement that the long-warring siblings are to reunite for a series of huge outdoor shows in the United Kingdom and Ireland next year. Susannah Streeter, head of money and markets at investment firm Hargreaves Lansdown, says the frenzy of interest in Oasis’ return ensures it will create large revenues for hotels, taxis, bars, restaurants and pubs in cities where the band is performing “bringing a significant boost to the U.K. economy.” Alongside the financial benefits, live execs hope that the explosion of interest in Oasis will strengthen support for the U.K.’s struggling grassroots music sector, where the band cut their teeth in the early 1990s, but has experienced a tide of small venue closures in the decades since.
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