COVID-19 wipes nearly $1 billion off song royalties
Nov 01, 2021, 08:14 AM
CMU’s Andy Malt and Chris Cooke review key events in music and the music business from the last week, including the 10.7% (or 775 million euros) drop in royalties collected by the song right collecting societies across the world as a result of COVID-19 in 2020, and the leaked UK government report that suggests that COVID passports might be counterproductive.
SECTION TIMES
01: CISAC stats (00:03:39)
02: COVID Passports (00:20:50)
(Timings may be slightly different due to adverts)
STORIES DISCUSSED THIS WEEK
• COVID caused 775 million euro drop in song royalty collections in 2020, CISAC confirms
• Leaked government report warns that COVID passports could drive up infections
01: CISAC stats (00:03:39)
02: COVID Passports (00:20:50)
(Timings may be slightly different due to adverts)
STORIES DISCUSSED THIS WEEK
• COVID caused 775 million euro drop in song royalty collections in 2020, CISAC confirms
• Leaked government report warns that COVID passports could drive up infections