As we continue to navigate the global changes brought to the music industry by coronavirus, Dataclef has gathered a few key resources for those seeking support. These financial resources may be available to you or your company.
Music industry professionals may apply for grants up to $1000 to compensate for cancelled work that was scheduled and lost. Simply provide:
Performing Rights Organizations (PROs), including the American Society of Composers, Authors and Publishers (ASCAP), Broadcast Music, Inc. (BMI), and SESAC have announced that they are contributing to create a special fund as part of the MusiCares COVID-19 Relief Fund to support music creators who are affected by the coronavirus pandemic. While the COVID-19 Relief Fund was created to help all music industry workers in need, the funds collected from the PROs will be focused on helping their respective songwriters, composers, and lyricists.
Other contributors include Spotify, Pandora, Amazon Music, Warner Music Group, Universal Music Group, and many more that will match donations.
Artist Relief is: distributing $5,000 grants to artists facing dire financial emergencies due to COVID-19; serving as an ongoing informational resource; and co-launching the COVID-19 Impact Survey for Artists and Creative Workers, designed by Americans for the Arts, to better identify and address the needs of artists.
To be eligible for an Artist Relief grant, applicants must be:
Sweet Relief provides immediate assistance and funds to be used specifically for musicians and music industry workers affected by the Coronavirus.
Live Nation has established the Crew Nation fund to help support concert crews around the world. The fund will provide monetary relief for concert crew members impacted by the COVID-19 pandemic.
Bands In Town + Twitch
Artists with more than 2,000 followers on Bandsintown Concerts will be able to monetize their live-stream performances on Twitch via paid fan subscriptions, with fans who tune in given the option of purchasing virtual “tips” known as Bits.
Apple Music has created a $50 million advance fund to help independent labels and distributors weather the downturn due to coronavirus. One-time payments on future royalties are available to labels and distributors that earn over $10,000 per quarter and have direct deals with the streaming service.
The National Endowment for the Arts
The NEA will award funds to nonprofit arts organizations across the country to help these entities and their employees endure the economic hardships caused by the forced closure of their operations due to the spread of COVID-19.
Support is limited to any or all of the following:
Twenty Summer launched an emergency fund for artists and arts organizations suffering from unexpected and unmanageable financial loss as a result of the COVID-19. Artists can receive up to $500, while arts organizations can receive up to $1,000.
Universal Music Group
“Our companies – including our labels, Universal Music Publishing Group, Universal Music Enterprises, Bravado as well as our independent distribution services – are offering various forms of assistance (such as interest-free royalty advances and fee waivers, among others) to help qualifying artists, songwriters and independent labels affected by COVID-19 weather these challenging times. We are also providing our artists with tools and platforms to reach fans and generate income when touring and other live appearances are not possible.”
In addition to implementing programs to protect workers’ pay and offer enhanced benefits to these employees, Universal has launched the UMG All Together Now Foundation which, it says, will support employees who face “extraordinary needs.”
The foundation has launched All Together Now: Stay Connected, a philanthropic program to “support those in the music community most deeply impacted by the virus” in two ways:
Symphonic has set up a page on their website to help supplement the income of independent artists and record labels affected by the pandemic. Each time the page is refreshed, a link to donate to a different artist or record label will appear (Symphonic notes it will not be taking a cut of donations). Artists interested in being featured can are being invited to apply.
Article by: Sydney Glaser
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