How record labels kept the money flowing in 2020
Mar 29, 2021, 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.
SECTION TIMES
01: Stats! Stats! Stats! (00:05:15)
02: #PaySongwriters (00:21:40)
(Timings may be slightly different due to adverts)
STORIES DISCUSSED THIS WEEK
• 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
01: Stats! Stats! Stats! (00:05:15)
02: #PaySongwriters (00:21:40)
(Timings may be slightly different due to adverts)
STORIES DISCUSSED THIS WEEK
• 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
DIRECT LINKS TO REPORTS
• IFPI Global Music Industry Report 2021
• UK recorded music revenues grew 3.8% in 2020 (BPI)
• Music needs to know how much it’s worth (Will Page/Tarzan Economics)
• IFPI Global Music Industry Report 2021
• UK recorded music revenues grew 3.8% in 2020 (BPI)
• Music needs to know how much it’s worth (Will Page/Tarzan Economics)