COVID-19 wipes nearly $1 billion off song royalties

CMU’s Andy Malt and Chris Cooke review key events in music and the music business from the last week, including the 10.7% (or 775 million euros) drop in royalties collected by the song right collecting societies across the world as a result of COVID-19 in 2020, and the leaked UK government report that suggests that COVID passports might be counterproductive.

SECTION TIMES
01: CISAC stats (00:03:39)
02: COVID Passports (00:20:50)
(Timings may be slightly different due to adverts)

STORIES DISCUSSED THIS WEEK
• COVID caused 775 million euro drop in song royalty collections in 2020, CISAC confirms
• Leaked government report warns that COVID passports could drive up infections

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