According to wired.com, the Save Our Stages bill was passed back in December of 2020 as a second round of pandemic relief, and has offered a lifeline. However, even when it’s safe again to hold live shows, the underlying driver of the music industry’s deep inequity will still continue. Moreover, the streaming of music platforms and ticket sales has now shifted over to tech giants, leading to the effect on the music industry revenue, especially with independent artists.
Live concerts, a crucial space for independent artists, are at a risk of going out of business due to Covid. Moreover, at risk for Music industry giants to buy them out. However, there is a silver lining of all this because of the pandemic. There have been more independent bands, artists, and music today than ever before where distribution is more simplified nowadays, helping those independent artists live and make their dreams happen.
Anyways, that’s all the news for now. Until then, stay creative and peace out!