Featured Artists Coalition and Music Managers Forum call for recoupment holidays from label & publishing deals for struggling musicians
News: 2nd April 2020 by Stef Loukes under Artist Managers, Finance, Law & Music Business, Music Publishing, Record Labels
The Music Managers Forum and Featured Artists Coalition have joined forces to suggest a number of ways larger music businesses and organisations can help support artists and smaller, independent businesses during the COVID-19 outbreak.
These include donating to emergency relief funds already set up by the likes of PRS for Music, Help Musicians etc., as well as collection societies offering an advance on royalty payments to members. It was also suggested that the unallocated royalties which are often distributed to artists with the greatest market share, should be designated towards a new relief fund.
Finally, a recoupment holiday from record and publishing deals for artists is another idea which would allow artists and songwriters whose revenue is currently used to pay off advances. Income during this short term holiday would instead be paid directly to the artist/songwriter to help support them through these difficult times.
Read more about this via the links below. What do you think? Feel free to leave a comment!
MMF and FAC call for recoupment holiday and other support for struggling musicians