The Music Managers Forum (MMF) and Featured Artists Coalition have called for greater assistance from the U.K.’s largest music businesses and organizations, especially as Government support measures for the self-employed—who make up 72% of the music business, according to UK Music research—will not pay out until June, and won't be applicable to everyone.
A survey conducted by the MMF and FAC found that managers and artists have already lost £50m in earnings due to the coronavirus. This includes £3.1m lost by music managers in commissions.
Survey findings detail the impact of more than 2,100 cancelled shows, delayed campaigns and lost earnings.
”Artists and music makers are faced with a short term crisis and a longer-term catastrophe,” MMF CEO Annabella Coldrick said. “This MMF and FAC survey is only a snapshot, but it highlights that millions of pounds have already been lost through canceled shows and campaigns. We need the biggest record labels, music publishers and licensing organizations to act. We need them to do more, and we need them to do so now."
