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Crowd shot at SXSW 2019

Crowd shot at SXSW 2019

Photo: Hutton Supancic/Getty Images for SXSW

News
How Coronavirus Is Impacting The Music Community how-global-coronavirus-pandemic-directly-impacting-songwriters-musicians-and-artists

How The Global Coronavirus Pandemic Is Directly Impacting Songwriters, Musicians And Artists

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With the worldwide concert industry now in flux, the coronavirus disruption has created a volatile environment for artists, musicians, songwriters and producers on every level
John Ochoa
Advocacy
Mar 13, 2020 - 3:35 pm

By now, the detrimental effects of the global coronavirus pandemic on the music industry are loudly heard. Major festivals around the world are postponing or outright cancelling their 2020 editions. This month alone, Coachella and Stagecoach, Ultra Music Festival, SXSW, Lollapalooza Argentina, Treefort Music Fest, Brussels' Listen! Festival and several other major events were called off or postponed due to the coronavirus. The aftermath has impacted everything from music conferences and award shows—this year's Winter Music Conference, ASCAP Experience, Nickelodeon Kids' Choice Awards and BMI Latin Awards were all cancelled or postponed—while the amount of cancelled national and international tours continues to grow seemingly on the daily.

As the coronavirus itself continues to spread, so too does its ramifications on the music industry. While industry experts and analysts are projecting that the live concert business could stand to lose billions, the financial fallout is virtually immeasurable at this point.  

But music's financial collapse is already taking its industry-wide toll. 

"You have people delaying on-sales for tours, and you have people who are going to postpone tours. It's chaotic and stressful, from agents and managers to artists, their families and their support teams," Allen Kovac, an artist manager who represents Mötley Crüe and other acts, told The New York Times.

The downfall of the live music space comes in the streaming era when the majority of professional recording artists and performing musicians rely heavily on touring and live performances as their main source of income. A 2018 survey by the Music Industry Research Association and the Princeton University Survey Research Center, in partnership with the Recording Academy's MusiCares, found that live performances were the "most common income source for musicians," according to Rolling Stone. (Pitchfork's in-depth feature on the booming music streaming market visualizes these financial percentages in a helpful graph.) 

Crowd shot at SXSW 2018

Still, even as the streaming industry continues to grow, with streaming accounting for 80 percent of the music industry’s overall revenue, the low royalty rates make it difficult for small and independent artists to even earn a minimum wage through streaming. And artists continue to make nothing from traditional AM/FM radio platforms (a major reason why Congress needs to pass the AM-FM Act). 

This all makes the live music industry all that more important for artists and musicians, especially for those considered to be non-superstar acts who rely on paychecks from touring and live gigs just to make a living. A coronavirus-sized pandemic that causes festival cancelations and cuts touring schedules short will undoubtedly impact the bottom line of artists and creators of every size on a global scale. Simply put: No shows = no paycheck. 

The coronavirus cancellations will also trickle down to songwriters, who depend on performance royalties from the live performances of their songs. A decrease in shows unquestionably equates to a decrease in potential gains via live performance royalties.

Then, of course, there's the legion of audio engineers, sound and light crews, backstage teams, tour managers and other behind-the-scenes hands who have doubtlessly lost work due to canceled tours, conferences and festivals. As DJ TechTools, a DJ- and gear-centric outlet, points out, audiovisual technicians are reporting a massive wave of job cancellations as more and more music conferences are cancelled in the wake of the coronavirus pandemic. 

With the global concert industry now in flux, the disruption has created a volatile environment for artists, independent musicians, songwriters, producers and the like on every level. As tours and festivals continue to cancel, these same industries are, too, impacted, leaving session players, live musicians and all sorts of creative workers to face potentially empty touring and recording schedules for months on end. Worst of all, there is no end in sight just yet. 

Still, as the coronavirus story develops and the world continues to adapt, so will our beloved music industry. The artist and musician community can tap into the national and local resources available to alleviate any financial, mental and social distress caused by the coronavirus pandemic.

If you are an artist or music professional who has been impacted by this unprecedented circumstance and are in need of assistance, please visit our MusiCares page to learn more about the financial, medical and personal emergencies services and resources offered by the Recording Academy.

For more information and developments related to the coronavirus, visit the World Health Organization and Centers for Disease Control and Prevention for ongoing news and updates.

Going Viral: The Music Industry Grapples With The Worldwide Coronavirus Outbreak

Nick Demangone of Exeter Township sanitizes his hands before browsing records for sale at Vertigo Music in West Reading

Photo: MediaNews Group/Reading Eagle via Getty Images / Contributor

News
RIAA 2020 Mid-Year Report Shows Growth In The U.S. riaa-2020-mid-year-report-recorded-music-revenues-us-grew-more-5-percent-during-first

RIAA 2020 Mid-Year Report: Recorded-Music Revenues In The U.S. Grew More Than 5 Percent During The First Half Of 2020 Amid Coronavirus Pandemic

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A new study from the RIAA shows that revenues from recorded music in the U.S. grew to $5.7 billion in the first half of the year, a boost largely driven by strong streaming numbers.
John Ochoa
GRAMMYs
Sep 10, 2020 - 11:55 am

A new mid-year report from The Recording Industry Association of America (RIAA) shows that revenues from recorded music in the U.S. grew to $5.7 billion, up from $5.4 billion as Billboard reports, in the first half of 2020; the change marks an increase of 5.6 percent.

Paid streaming subscriptions, which increased by 24 percent to more than 72 million on average, a growth of 14 percent in the first half of 2020 when compared to the first half of 2019, largely drove the aforementioned revenue growth.

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A post shared by RIAA Gold & Platinum Awards (@riaa_awards)

Streaming music revenues—returns from subscription services like paid versions of Spotify, Apple Music, Amazon and others; digital and customized radio services, including revenues distributed by SoundExchange like Pandora, SiriusXM and other internet radio; and ad-supported on-demand streaming services like YouTube, Vevo, and ad-supported Spotify—grew 12 percent to $4.8 billion in the first half of 2020. 

Paid subscription revenues grew 14 percent to $3.8 billion, and further increased their share as the largest contributor, accounting for 67 percent of total revenues in the first half of 2020, according to the RIAA report. 

Digital downloads, a market that continues to shrink in the streaming age, fell from 8 percent to 6 percent for the category's share of total revenues in the first half of 2020. 

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A post shared by RIAA Gold & Platinum Awards (@riaa_awards)

As the COVID-19 pandemic continued to wreak havoc on the U.S. and international music business as well as the global advertising markets, "growth in ad-supported streaming revenues slowed dramatically," the RIAA writes.

As well, revenues from physical products decreased by 23 percent year-over-year to $376 million in the first half 2020, Variety reports. The RIAA report indicates a "significant impact from music retail and venue shutdown measures around COVID-19, as Q1 2020 declines were significantly less than Q2 compared with their respective periods the year prior." 

Revenues from vinyl albums increased in this year's first quarter, but later decreased in the second quarter, resulting in a net overall increase of 4 percent for the first half of 2020, the report reports. Vinyl album revenues, which reached $232 million, accounted for 62 percent of total physical revenues, marking the first time vinyl exceeded physical CDs for such a period since the '80s, as well as 4 percent of total recorded-music revenues.

Read the RIAA's 2020 mid-year report in full.

RIAA Report: Latin Music Is Growing Faster Than The Overall U.S. Music Market

GRAMMYs

District Advocate Day 2020

 

Courtesy Photo: GRAMMY Advocacy

News
District Advocate Day Unites Creators & Lawmakers district-advocate-day-unites-music-makers-lawmakers-toward-pandemic-relief

District Advocate Day Unites Music Makers & Lawmakers Toward Pandemic Relief

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Nearly 2,000 Recording Academy members – including GRAMMY winners and nominees – took part in over 250 meetings today in the year's largest grassroots music advocacy movement
Advocacy
Aug 12, 2020 - 9:39 am

Worlds collided today, as across the country the Recording Academy's seventh annual District Advocate day brought together the professionals who make the music we love and the members of Congress who make the laws affecting their livelihoods. Academy members engaged in a series of virtual meetings with their elected officials to discuss pressing issues impacting the music community, such as providing pandemic-related relief and assistance to the creative community, pushing for equitable treatment and social justice reforms, and ensuring that the rights of all creators are always protected.

https://twitter.com/GRAMMYAdvocacy/status/1293522630847483906

Today is #DistrictAdvocate day––the nation's largest grassroots music advocacy movement! 🎵

Join @RecordingAcad members and take action: https://t.co/F1gq8QYEDq pic.twitter.com/RQnWMlgxkh

— GRAMMY Advocacy (@GRAMMYAdvocacy) August 12, 2020

District Advocate Day participants included GRAMMY winners Yolanda Adams, Brandy Clark, José Feliciano, John Legend and Ziggy Marley and GRAMMY nominees Victoria Monét and Offset, plus nearly 2,000 other music professionals.

The event marked the crescendo of the Academy's "Summer of Advocacy," an ongoing effort to help provide pandemic relief for music creators, to support survival of music businesses and to promote positive social change through legislation.

And it’s working. Earlier this year, Academy members helped secure important provisions in the CARES Act that provided critical support for the music community dealing with the COVID-19 pandemic. Today's conversations between Academy members and their Senators and Congressional Representatives took the next big step to ensure the music community is heard at a critical time for legislative support.

https://twitter.com/GRAMMYAdvocacy/status/1293580095542575104

Thank you to Senator @gillibrandny's staffers––Caitlin Rooney (Director of Economic Development) and Gil Ruiz (Legislative Assistant)––for meeting with us today to talk about important legislation that is vital for our music community. #DistrictAdvocate pic.twitter.com/hA260UKM4C

— GRAMMY Advocacy (@GRAMMYAdvocacy) August 12, 2020

"District Advocate Day has always been an important initiative for music advocacy and it's especially true now," said Harvey Mason jr., Chair and Interim President/CEO of the Recording Academy. "Creators are among the hardest hit and first out of work, yet music is what brings the world together in hard times — and for many, it brings hope. Today, we raise our voices to remind legislators of the vital role music plays during this pandemic and, equally as imperative, the creators behind it who are struggling and desperately needing a helping hand from this country's leaders."

With District Advocate day, the Academy continues to amplify the voices of creators and small businesses, while also endorsing and developing additional legislation to deliver aid to creators. For instance, developed and endorsed by the Recording Academy alongside Rep. Linda T. Sánchez (D-Calif.) and Rep. Ron Estes (R-Kansas), the Help Independent Tracks Succeed (HITS) Act would allow individuals to fully expense the cost of new studio recordings on their taxes, up to $150,000, within the same year of production. Academy members encouraged their representatives to co-sponsor the HITS Act during today's meetings.

Members also advocated for passage of the Reviving the Economy Sustainably Towards a Recovery in Twenty-twenty (RESTART) Act, a loan program that would provide funding to cover six months of payroll, benefits, and fixed operating expenses for businesses that have taken a substantial revenue hit during the COVID-19 pandemic. For independent workers with mixed-income types, a category which includes many music creators across the country, the Mixed Earner Pandemic Unemployment Assistance Act proposed a solution to ensure unemployment relief and assist freelance workers unable to receive just unemployment aid. 

Members discussed these key issues and more today in year's largest grassroots music advocacy movement. District Advocate, along with the Recording Academy's annual GRAMMYs on the Hill in April, which is on hiatus this year due to COVID-19, are the Recording Academy's premiere advocacy events, and are credited by bipartisan legislators with helping to pass the Music Modernization Act into law — the largest update to music legislation in the past 40 years. 

For more information about District Advocate Day and Recording Academy advocacy initiatives, visit www.grammy.com/districtadvocate.

Take Action Today: Learn About The Key Issues Facing Creators And How You Can Help

TikTok logo

TikTok logo

Photo: Mustafa Murat Kaynak / Anadolu Agency

News
TikTok Donates $2 Million To MusiCares tiktok-donates-2-million-musicares-covid-19-relief-fund-we-want-help-support

TikTok Donates $2 Million To MusiCares' COVID-19 Relief Fund: "We Want To Help Support The Community That Keeps Us Entertained"

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The donation is part of the social media app's larger charity initiative toward COVID-19 relief efforts, which totals to $375 million
John Ochoa
MusiCares
Apr 9, 2020 - 9:32 am

TikTok, the viral video-sharing social media app, is stepping in to support the artist and creative community that thrives on the platform. Today (April 9), the company donated $2 million to MusiCares' COVID-19 Relief Fund, which provides help to the people and professionals in the music industry affected by the coronavirus disease (COVID-19) pandemic and the subsequent cancellation of multiple music festivals and events and venue closures.

"At TikTok, creativity is our heartbeat. And music is often part of many forms of self-expression that we see on TikTok; often in the background of hilarious moments, cinematic storylines, and for dropping like it's hot," Corey Sheridan, head of music partnerships and content operations for TikTok US, wrote in a statement. "We know that musicians, artists, and those working in the industry have seen countless gigs canceled because of this pandemic. And we want to help support the community that keeps us entertained. Today we donated $2M to MusiCares®, an organization supporting artists, songwriters, technicians, crew, and other music professionals whose livelihoods have been severely impacted as a result of cancelled performances and work. While we know this won't replace being on tour, we hope it can help working artists and music industry professionals through this challenging time."

Read: Recording Academy And MusiCares Establish COVID-19 Relief Fund

The donation is part of TikTok's larger charity initiative toward COVID-19 relief efforts, which includes $250 million in cash contributions to aid healthcare workers and their needs; diverse communities, including musicians, artists, nurses, educators, and families; and education and creative professionals, including educators, professional experts and nonprofits. 

TikTok is also donating $125 million worth of advertising credits on the platform, which includes $100 million in ad credits for small- and medium-sized businesses (SMBs) as well as $25 million in prominent in-feed ad space to nongovernmental organizations (NGOs), health sources and local authorities who are informing users on important health issues and practices related to the coronavirus pandemic and beyond. 

Altogether, TikTok's coronavirus aid donations total a whopping $375 million. 

Read: Pickathon's 60 Concerts in 60 Days: Margo Price, Drive-By Truckers, Tank And The Bangas, Ex Hex & More

"COVID-19 is giving all of us a new perspective, and in the face of this unprecedented crisis, we are collectively seeking moments of joy and inspiration," TikTok President Alex Zhu said in a statement. "Sometimes that means dancing and having fun where we can. Sometimes that means experiencing the comfort and warmth that comes through simple human connection in the face of adversity. The TikTok community is uplifting one another, caring for one another, and lending a hand to one another. This may be a serious time, but on TikTok it can still be joyful – and deeply inspiring. 

"We are committed to playing our part in that global outpouring of mutual support and giving. We want to magnify all we are seeing across our community and translate it into concrete relief for those most affected by this crisis."

Since the coronavirus pandemic virtually shut down the global concert and live events industry in early March, TikTok has become a go-to resource for musicians and artists to connect with fans experiencing isolation and social distancing. Several major artists, including Alicia Keys, Megan Thee Stallion, Dolly Parton and many others, have taken to TikTok to host digital at-home concerts and other various online projects. Teens and young users, for their part, are using TikTok to cope with the coronavirus pandemic and to create unique self-isolation content.

TikTok itself has launched its own digital initiatives to help users deal with the COVID-19 pandemic, including the #HappyatHome: Live! livestreaming series and the newly launched Live Sessions series in the U.K.

MusiCares COVID-19 Fund: MCR's Frank Iero, Rita Wilson & Naughty By Nature, Ellie & Drew Holcomb & More Support With Livestreams & Beyond

GRAMMYs
News
Top Music Orgs & Charities Donate To MusiCares musicares-covid-19-relief-fund-update-top-music-organizations-charitable-foundations

MusiCares COVID-19 Relief Fund Update: Top Music Organizations, Charitable Foundations & More Make Major Donations

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The fund provides financial assistance for music creators and industry professionals affected by the coronavirus pandemic
MusiCares
Mar 31, 2020 - 9:00 am

Support continues to mount for the COVID-19 Relief Fund established by the Recording Academy and its affiliated charitable organization MusiCares. Today the organizations announced a group of top music organizations including the Latin Recording Academy, StubHub, Universal Music Group, Warner Music Group, City National Bank and Bill Silva Entertainment, and charitable foundations and trusts including the William, Jeff, and Jennifer Gross Family Foundation, George Harrison's Material World Foundation, the Michael Jackson Estate, Alicia Keys and She Is The Music and Yoshiki Foundation America. have made significant contributions to the fund.

"It's incredible to see how many within the music industry have continued to show support for COVID-19 Relief Efforts," said Steve Boom, chair of MusiCares. "The impacts of this virus are very real, as many struggle to know where their next rent payment is coming from, or how next week's groceries are going to be paid for. Our fund is there to help meet those needs as much as it can, and every gesture of support counts."

The MusiCares MusiCares COVID-19 Relief Fund was created to help music people affected by the pandemic due to the cancellation of income-generating music events and other industry work opportunities. Since the fund's establishment two weeks ago with initial seed donations of $1 million each by MusiCares and the Recording Academy, millions more have been raised with the support of numerous partners. However, more is needed to meet the demand.

https://twitter.com/RecordingAcad/status/1243683930638712832

Let's take care of people whose music inspired and helped us through dark times. Support our foundation's, @MusiCares, efforts to help musicians in need during this difficult time: https://t.co/uRRrsyG5mn

Music by:@tonesandimusic "Colourblind"@charmingliars "Something Dark" pic.twitter.com/9OTBm1AZAO

— Recording Academy / GRAMMYs (@RecordingAcad) March 27, 2020

"So many people in our community remain in desperate need and many are living day to day whether they are a gigging musician, sound engineer or event logistics person," said Harvey Mason jr., Chair and Interim President/CEO of the Recording Academy. "We are thrilled that so many in our community are coming forward to support each other and we are grateful for all the organizations who are standing in the gap for music people in need."

Beyond the initial donations, all Recording Academy Chapters have committed to fundraising in their local communities. Additionally, the Recording Academy appealed to Congress to further protect musicians, performers, songwriters, and studio professionals such as self-employed gig workers who are impacted by cancellations due to the ongoing pandemic. The stimulus package has since passed, and includes key provisions and protections that will benefit countless music industry professionals who are struggling in the wake of Coronavirus.

With the MusiCares COVID-19 Relief Fund, music industry professionals, including artists, production crews, technicians, and anyone impacted by the loss of income due to live music event cancelations, can apply for basic living assistance.

If you wish to support our efforts to assist music professionals in need, visit: www.grammy.com/musicares/coronavirusrelieffund

If you are a member of the music industry in need of assistance, visit: musicares.org.  

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Some of the content on this site expresses viewpoints and opinions that are not those of the Recording Academy. Responsibility for the accuracy of information provided in stories not written by or specifically prepared for the Academy lies with the story's original source or writer. Content on this site does not reflect an endorsement or recommendation of any artist or music by the Recording Academy.