Posts Tagged ‘COVID-19

16
Dec
20

The Music Industry in the COVID-19 Pandemic – Live Nation

The COVID-19 pandemic hits the live music sector hardest since the end of World War II. The sector has been shut down since March 2020 in most of the countries. Concert and festivals were cancelled or postponed due to social distancing and lockdown measures. A report of Media Insight Consulting[1] estimates that 64 per cent of the UK’s live music workforce of 262,000 full-time employees will have lost their jobs by Christmas. Thus, 170,000 cultural workers in the music sector – most of them self-employed and freelance workers – will be out of work. At the end of March 2020, the German music industry associations estimated a loss of revenue for the live music sector of EUR 4,543 million for the period from April to September 2020. We can expect a much higher revenue loss for the last quarter 2020 due to the continued lockdown of the German music festival and concert sector.

However, the live music sector is highly fragmented and diverse. The international concert promoting market is dominated by large live music conglomerates such as the US-based Live Nation and Anschutz Entertainment Group (AEG) as well as the German CTS Eventim. They control an oligopolistic industry with myriads of small music venues, concert promoters, bookers and management agencies that have no impact on the market structure and processes. These medium and small sized live music organizers struggle for survival and are dependent on public financial support. However, how is the situation for the large conglomerates? Is their existence also at stake? This blog post tries to answer these question by analysing the impact of the COVID-19 pandemic on the world’s largest concert and ticketing conglomerate Live Nation. Based on the quarterly reports from January to September 2020, it is analysed how the live entertainment giant has been affected by the pandemic and highlights Live Nation’s strategy to weather the storm.

Continue reading ‘The Music Industry in the COVID-19 Pandemic – Live Nation’

20
Sep
20

Call-for Papers: Rethinking the Music Business – Music Contexts, Rights, Data and COVID-19

Call for chapters for an edited volume to be submitted to Springer’s Music Business Research Series

Editors
Guy Morrow (University of Melbourne, Australia)
Daniel Nordgård (University of Agder, Norway)
Peter Tschmuck (University of Music and Performing Arts, Vienna, Austria)

 

COVID-19 had, and is having, a global impact on health, communities and the economy. As a result of COVID-19, music festivals, gigs and events were cancelled or postponed across the world. This directly affected the incomes and practices of many artists and the revenue for many entities in the music business. Despite this crisis however, there are pre-existing trends in the music business – the rise of the streaming economy, technological change (virtual and augmented reality, blockchain etc.), new copyright legislation etc. Some of these trends were impacted by the COVID-19 crisis while others were not.

 

This edited volume will therefore be structured in two parts. The first part will feature more general perspectives and the second will focus on the impact of COVID-19 on the music business. This edited volume thus welcomes chapters that address issues within the music business before, during and after COVID-19.

 

The volume will be composed of 8000 word chapters (including footnotes and references), an Introduction by the editors and an Afterword.

– Deadline for submission of abstracts (300-400 words) and bio notes (100 words): 1 December 2020
– Notification of acceptance: 15 January 2021

– Book proposal submission: 20 January 2021
– Book contracted: February 2021
– First book chapter draft: 30 July 2021

 

Initial expressions of interest, enquiries and/or abstracts should be submitted to editors: Guy Morrow (guy.morrow@unimelb.edu.au), Daniel Nordgård (daniel.nordgard@uia.no) and Peter Tschmuck (Tschmuck@mdw.ac.at)

 

Continue reading ‘Call-for Papers: Rethinking the Music Business – Music Contexts, Rights, Data and COVID-19’




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