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.
It should come as no surprise that independent record stores have been particularly hard hit by the “shelter in place” orders established by many states around the country in the wake of the COVID-19 outbreak. Some retailers have pivoted to online sales and other creative means to keep customers happy, but for many brick and mortars, this move just isn’t enough to maintain community or their bottom line. To make matters worse, the revenue generated by Record Store Day will not be coming anytime soon, as the worldwide event has been pushed back until June, at the very earliest. How will your favorite record stores survive this pandemic? Tune in and find out!
On this week’s episode, we’re revisiting another MusicBiz LIVE! event that features candid conversation about what music business trade associations are doing to help their specific constituencies navigate the COVID-19 quagmire. Joining Portia in conversation about the CARES Act and more are : Mitch Glazier and Michele Ballantyne of the RIAA, Richard Burgess of A2IM, Bart Herbison of the NSIA, David Israelite of the NMPA and Sarah Trahern of the CMA. Listen in to find out what relief is coming your way, and learn how to access it in your particular district or state with the help of this week’s guests.