EDM Global Producers, Djs & Artists
A “much-needed lifeline for live venues” is coming. The Shuttered Venue Operators Grant (SVOG) will soon begin funding over $16 billion worth of pandemic relief to venues across the United States. Venues can apply for the long-awaited financial grant starting in April via the Small Business Administration (SBA). This funding could potentially reimburse up to …
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Despite the hardships the music industry faced in 2020, recorded music revenues experienced growth for the fifth consecutive year. According to the Recording Industry Association of America (RIAA), United States recorded music revenues grew 9.2% in 2020 to an estimated retail value of $12.2 billion. Meanwhile, recorded music measured at wholesale value rose 8.9% to $8.0 …
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by: Mitchell Rose Mar 1, 2021 According to the Recording Industry Association of America’s (RIAA) year-end report, United States recorded music revenues grew 9.2% in 2020 to $12.2 billion. The largest driver of the growth was streaming services, which accounted for 83% of reported revenues. Physical music sales were the next largest income source providing …
by: Rachel Narozniak Jan 21, 2021 Why don’t you just meet Zedd in the…1 billion club? Over the years, streams have hardly been scarce for Zedd, but on January 21, they led the German-Russian producer to realize a new career benchmark: his first billion-play production. Coproduced with Grey, “The Middle” has officially broken 1 billion …
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Martin Garrix is the newest entrant into the Billion Spotify Streams club, and it’s not for “Animals.” “In The Name Of Love” with Bebe Rexha has just crossed the one billion threshold, Garrix’s first on the platform, surprisingly. The song came out in 2016 and instantly became one of his biggest pop hits, and has …
Dave Grohl has hailed the long-awaited $900 billion (£666 billion) Save Our Stages Act that passed into the law in the US at the weekend. The money will go towards preventing the permanent closure of independent music venues, which have been forced to shut amid the coronavirus pandemic. The bill includes $15 billion (£11.1 billion) …
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As of Sunday, Congress has thankfully reached a deal on a $900 billion stimulus bill that will provide urgent aid to those most affected by the pandemic. The hard-hit music industry has been included in the measure via a designated $15 billion package called the Save Our Stages Act. The bill is expected to officially …
by: Rugby Scruggs Dec 21, 2020 On December 20, the United States Congress reached an agreement on a $900 billion relief package that, in addition to granting an individual payment of $600 to each qualifying American, will afford $15 billion to “venues, independent movie theaters, and cultural institutions.” Senate Minority Leader Chuck Schumer said, “I’m …
The live events industry reportedly lost over $30 billion globally in 2020. Pollstar has published its year-end review for 2020, which details startling statistics amid the global pandemic. What was projected to be a trailblazing year for live entertainment, including massive concert tours and box office success, has amounted to an over $30 billion loss …
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by: Sami Weisband Dec 12, 2020 As the world continues to fight the ongoing effects of COVID-19, the music and entertainment industry has incurred colossal damages, coming as a shock to none. Now, in the final month of an incredulous year, the numbers have arrived and, albeit unsurprising, the calculations remain ever-agonizing at a $30 …
Continue reading “Concert industry sees devastating $30 billion loss worldwide – Dancing Astronaut”
