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△ National Grand Theater’s April Performance Cancellation Statement
Many practitioners in the performance industry said that although most staff members have resumed their daily work, the specific performance projects are still stagnant. After the emergency notice about the resumption of work at the performance venue was issued recently, it is still unknown when the first performance after the epidemic will take place.
2 Foreign countries: ticketing for performances, heavy losses
On March 12, Broadway announced that all theaters would be closed for 30 days. It is reported that a total of 31 works were staged before Broadway closed, and it is estimated that the loss of business will exceed 100 million US dollars.
On March 16th, the London Theatre Association (SOLT) formally issued a statement to close all venues of the London Theatre Association and British Theatre members. According to statistics, London’s theatre and musical theatre audience in 2019 exceeded 15.3 million, more than 1 million more than Broadway.
The British Music Agents Forum (MMF) and the Artists Federation (FAC) released a survey of more than 150 music agents and artists, and the results show that the epidemic crisis has cost the music industry more than £ 50 million and more than 2,100 Show cancellations and delayed events. Among the 50 million pounds of lost revenue included approximately 3.1 million pounds of commission income from music brokers. If the show continues to be cancelled in the next six months, the music industry is expected to lose more than £ 68 million.
Assomusica of the Italian Live Performance Industry Association estimates that with the cancellation of concerts around Italy, it will bring a loss of 10.5 million euros to the live performance market, and the industry supply chain is also facing a loss of 20 million euros.
Layoffs, salary cuts for executives
On March 20, Paradigm CEO Sam Gores announced a layoff notice. Because the outbreak has caused serious damage to live music activities and the industry, Paradigm plans to lay off more than 100 employees. Headquartered in Los Angeles, Paradigm is one of the world’s most successful live performance agencies for artists. Gores said the layoffs were “temporary” and that unemployed employees would be able to re-apply for jobs once the worst coronavirus crisis has passed.
On March 20th, the Metropolitan Opera announced the cancellation of the remaining performances of the season, and stopped singing to the orchestra at the end of March.%. Other Disney executives will also receive pay cuts. Among them, the salary of vice president level employees will be reduced by 20%, the salary of senior vice presidents will be reduced by 25%, and executive vice presidents and above will be reduced by 30%.
Fund-raising, industry self-help
Live Nation has established the Crew Nation Charity Fund to help tour and live staff who depend on the show industry for their livelihood. Live Nation provided the fund with an initial $ 5 million, and CEO Michael Rapino will donate $ 250,000.
Sacem, a Paris-based association of writers, composers and music rights agencies, raised a € 6 million ($ 6.7 million) fund and copyright advance to help music industry-related practitioners during the epidemic . The organization said that the operating arrangements of the emergency fund will take effect on April 2, and Sacem members can apply for support through the member area on sacem.fr.
After SXSW 2020 was cancelled due to the impact of the epidemic, corporate sponsors launched a fundraising program called “Banding Together ATX” to help Austin’s businesses, employees and artists compensate for their lost revenue.
The American Academy of Recording and its philanthropic organization MusiCares have donated $ 2 million to help members of the music industry suffering from the Coronavirus (COVID-19) pandemic. Both the American Academy of Recording and the MusiCares Foundation have pledged $ 1 million to the COVID-19 relief fund, which is currently accepting public donations.
Recently, Amazon Music, Facebook, SiriusXM and streaming platforms such as Pandora, TIDAL, Spotify, and YouTube Music have announced that they will donate to MusiCares, the Corona Rescue Fund. The MusiCares COVID-19 bailout fund will support needy music industry workers.
Under the impact of the epidemic, all walks of life have been hit to varying degrees, but the particularity of the music industry is that its core competitiveness is always high-quality works and content. At the moment when the live performance industry is still trapped, the only thing that cannot be hindered by outsiders is the creation and exploration of music. In the past few years, the domestic music industry has been pushed forward by the stream media and copyright standardization. A brief press of the “pause button” may calm the water and allow more valuable high-quality content to settle.Come.
So wait a minute. When the spring blossoms bloom, I have a bad passion, and you bring your work with concentration, we meet at Livehouse, and we will revel to Tianming!