CMU’s Andy Malt and Chris Cooke review key events in music and the music business from the last week, including UK Music stats revealing that the COVID-19 pandemic wiped out 69,000 music industry jobs in the UK and caused the economic contribution made by the music industry to slump by 46%, plus IFPI music stats showing that free services dominate how people consume music around the world. 




SECTION TIMES
01: UK Music stats (00:06:37)
02: IFPI stats (00:19:44)
(Timings may be slightly different due to adverts)

STORIES DISCUSSED THIS WEEK
• COVID-19 cost the UK music industry 69,000 jobs and caused a 46% slump in economic impact
• Free, social and video platforms online account for 45% of music consumption, according to IFPI




ALSO MENTIONED
• UK competition regulator announces market study into music streaming
• Artists and songwriter groups welcome Competition & Market Authority’s streaming market study
• Streaming services push for pre-2018 song royalty rate in US Copyright Royalty Board proceedings




MORE FROM CMU
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