an extract of project about how Covid-19 pandemic is affecting the music industry
The COVID-19 crisis is having a devastating impact on the whole music value chain, including authors and performers, the live sector, and the recording and publishing sectors. It is a value chain that employs 12 million full-time workers in the EU, mainly on a self-employed basis or through small and medium-sized enterprises. Due to the confinement measures, physical music and live music sales are paralyzed. Public communication rights are also affected as they are directly linked to music being played in public spaces. In the same way, revenue from synchronization rights will be severely reduced as the audiovisual sector will not need any new licenses.