The year the music died. Industry needs an insurance scheme or risks total collapse.
7th February 2021 (City AM). Over the course of the past year, the COVID-19 pandemic has caused unprecedented disruption and harm to the live music industry. Lockdown affected physical sales. The shutting of public venues, such as restaurants and bars, caused lost revenue from background music services and performance income. Undoubtedly, significant restrictions to our everyday lives have forced the music industry to veer even more heavily towards the web. Music festivals, concert tours and award shows continue to be cancelled or postponed as restrictions in the UK show no signs of easing significantly any time soon.
By Gregor Pryor
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