The music industry has been hit hard by coronavirus with live performance revenue the biggest casualty. The shutdown is estimated to cost the industry more than 28 billion.

  • The crisis is likely to accelerate underlying trends in the music industry, based on the importance of streaming, which has grown from 9% to 47% of total industry revenues in just six years.
  • Companies like Spotify Soundcloud and Distrokid has increased in value due to the importance streaming during this time.
  • Fortunately with every loss its a win and Indy artist has been taking advantage of the losses due to cancelations of live performances mainstream artist are now willing to do collaborations for low prices and club appearances and even small birthday performances to make up in the loss of tickets sales from live performances. 






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