If you have experienced canceled work services or reduced hours, need to care for a family member who has contracted COVID-19, can no longer work full time because your child's school has closed, or if you become sick or quarantined due to coronavirus, you may be eligible to file a claim with the California Employment Development Department (EDD).
If you have experienced canceled work services or reduced hours, you may be eligible to file a claim with the California EDD.
The Hollywood Music industry has been hit hard by coronavirus with live performance revenue the biggest casualty. A six-month shutdown is estimated to cost the music industry more than $10bn in sponsorships, with longer delays being even more devastating.
The industry is fighting back with new ways to monetize music consumption and innovative models: ‘Fortnite Music’ hosted a live rap concert that attracted nearly 30 million live viewers.
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.
The global music industry is worth over $50 billion, with two major income streams. The first, live music, makes up over 50% of total revenues and is derived mainly from sales of tickets to live performances.
The second, recorded music, combines revenue from streaming, digital downloads, physical sales and synchronization revenues (licensing of music for movies, games, TV and advertising). Recorded music today is close to the industry’s pre-piracy peak, a testament to the growing adoption of streaming services by both music labels and consumers. Streaming now makes up almost half of recorded music revenue.
Compiled by Rhydhima Raj from Los Angeles