Moneybagg Yo's Feeling The Economic Impact Of COVID-19

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The Coronavirus pandemic has impacted the economy from small mom & pop shops to major acts in the entertainment industry.

Coronavirus' economic impact has had negative effects across the board from the biggest corporations to mom & pop shops. However, the entertainment industry is also getting hit heavily by this. The increasing number of shows and festivals that are being forced to cancel means that a lot of artists aren't making bread including Moneybagg Yo. "This corona shit fuckn da money up," he tweeted with a facepalm emoji.

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Despite this, Moneybagg Yo is a hustler at heart with various sources of income. Shortly after sharing his thoughts on how Coronavirus is impacting the economy, he shared a link to a new collection from BreadGang Clothing. Since shows and merch are a primary source of income for most artists, we'll likely see a lot more rappers try and supplement their tour income with merch sales. 

Coronavirus got everyone shook right now. In the last two weeks, the fear surrounding the global pandemic has increased exponentially with many people working remotely to avoid any possibility of contracting this disease. Because of the growing panic and fear surrounding COVID-19, health officials have advised that any sort of large gatherings should be postponed or canceled altogether. Several festivals and conferences, such as SXSW and Coachella, have canceled plans to host their respective events this spring.

Stay locked into HNHH for more news surrounding Coronavirus. 

About The Author
Aron A. is a features editor for HotNewHipHop. Beginning his tenure at HotNewHipHop in July 2017, he has comprehensively documented the biggest stories in the culture over the past few years. Throughout his time, Aron’s helped introduce a number of buzzing up-and-coming artists to our audience, identifying regional trends and highlighting hip-hop from across the globe. As a Canadian-based music journalist, he has also made a concerted effort to put spotlights on artists hailing from North of the border as part of Rise & Grind, the weekly interview series that he created and launched in 2021. Aron also broke a number of stories through his extensive interviews with beloved figures in the culture. These include industry vets (Quality Control co-founder Kevin "Coach K" Lee, Wayno Clark), definitive producers (DJ Paul, Hit-Boy, Zaytoven), cultural disruptors (Soulja Boy), lyrical heavyweights (Pusha T, Styles P, Danny Brown), cultural pioneers (Dapper Dan, Big Daddy Kane), and the next generation of stars (Lil Durk, Latto, Fivio Foreign, Denzel Curry). Aron also penned cover stories with the likes of Rick Ross, Central Cee, Moneybagg Yo, Vince Staples, and Bobby Shmurda.
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