How record labels kept the money flowing in 2020

Mar 29, 06:00 AM
CMU’s Andy Malt and Chris Cooke review key events in music and the music business from the last week, including new stats from trade bodies the IFPI and BPI showing that streaming kept the record industry in growth in 2020, despite COVID-19, plus the new campaign launched by the Ivors Academy calling on labels to better compensate songwriters for their work. 

01: Stats! Stats! Stats! (00:05:15)
02: #PaySongwriters (00:21:40)
(Timings may be slightly different due to adverts)

Global record industry revenues grow 7.4% to $21.6 billion in COVID year
BPI stats show slowed growth for UK record label revenues in 2020
Wider music copyright market grew by 7% to $31.6 billion in 2019
Ivors Academy calls on labels to #PaySongwriters