One of the more important pieces of the Music Modernization Act passed in 2018 was the establishment of the Mechanical Licensing Collective. Similar to SoundExchange, the MLC (as it’s commonly referred to) is a third party organization that exists for the purpose of collecting the royalties (mechanical) that are generated from plays on platforms like Spotify and Apple Music. In addition to collecting said royalties, the MLC (like Soundexchange) is also responsible for dispersing those royalties to self-publishing artists and publishers alike, who have registered with them, or who have had their info logged by the Harry Fox Agency.
With states opening up more and more spaces to the public, the question on some minds is “When will live music return, and what will it look like once it does?” Can venues enforce social distancing responsibly? Will half capacity be enough to sustain artists, venues and crew financially? What can venues do now to assure that they will survive long enough to re-open down the road? We get answers to these questions and more from the audio taken from a recent MusicBiz Live! session.
While the long term effects of the COVID-19 quarantine on the music business are yet to be known, there are lots of real-time metrics to be analyzed in the interim. With the postponement of Record Store Day, and most record shops being closed to the public, the effect on physical sales during this time should be obvious to most. The less obvious changes to global music consumption are the ones that are happening in the digital space, particularly around streaming services and music video plays. What genres are booming, and which ones are seeing a decline in listenership in those spaces? Listen now and find out from our panel of experts.
While many have speculated about what the long term economic impacts of the COVID-19 quarantine might be, fewer have openly discussed what the long term psychological impacts on society might be. In this episode, Portia speaks with several mental health experts who were actively working with musicians before the quarantine began, and gets their take on what was working for their clients pre-quarantine and what should happen next, if those mental health gains are to be maintained.
Over the past several episodes, Portia has had countless discussions with the heads of music business organizations who represent various facets of the industry within the United States. This week, she’s speaking with their peers and equivalents in the U.K. and E.U. about how they’re weathering the pandemic, and what efforts their various governing bodies are making to aid musicians and other cultural workers in this time of crisis. The six person panel also speculates on what happens next within the industry, as other interconnected industries come back online or remain closed for an indefinite amount of time.
While the effects of the COVID-19 quarantine on live entertainment and brick and mortar retail are already apparent, other sectors of the music industry like publishing haven’t truly felt the effects of the pandemic yet because of their buffered collection timeline. Will some sectors bare the brunt of this pandemic, while others thrive? Join us this week as Portia speaks candidly with members of the MusicBiz board about how they intend on mediating the effects of this pandemic on their particular niches inside of the music business, and what best practices look like moving forward.