IMPF Covid-19 Response
IMPF Covid-19 Medium to Long Term Recovery Plan
The biggest challenge of our time can only be solved through collaboration
As the scale and nature of disruption caused by the Covid-19 pandemic continue to evolve, our industry faces one of the most significant challenges we have ever encountered.
With high levels of self-employment and scant access to social benefits, any loss of income directly threatens the very existence of not just thousands of authors, composers, and performers, but publishers and the rest of the music chain, many of whom struggle to earn a living even under normal circumstances.
The music sector has been among the first and hardest hit by this unprecedented crisis. The global lockdowns have affected concerts, music festivals and shows and cancelled the travelling opportunities for a sector that relies on being particularly mobile.
As the hub for independent music publishers internationally, IMPF continues to respond to the crisis by assisting our members, especially some of those who run smaller micro-businesses that may well feel isolated at this time. The wellbeing of members of our forum is our duty of care and we try to ensure that there is a rolling outreach to each other at this time so we can offer support as needed.
Economically, losses due to Covid-19 will impact music publishers throughout 2021.
But this is about more than just economic losses. It brings into focus other geo-political considerations, such as governments seeking to strengthen their protectionist policies and thus creating more risk for global business as a result of the virus. Added to that, reduced tax-returns, dwindling economies and massive spikes in unemployment rates will result in governments struggling to justify continued support of the arts and culture. This, despite the fact people across the world now, more than ever, need access to music and entertainment.
The main objectives of the IMPF Covid-19 Medium/Long Term Recovery Plan are;
- to liaise with members on the impact to their music publishing business
- to enable members preserve their livelihood and continue investing in talent and their businesses
- to promote members companies
- to encourage a strong climate of collaboration throughout our membership and the music chain, including regulators, politicians, streaming services, and other stakeholders
ACTIONS FOR THE IMPF COVID-19 MEDIUM/LONG TERM RECOVERY PLAN
1. Economic assessment of Covid-19
Having reliable forecasting of the impact of Covid-19 enables members to update their budgets to better serve the creators they represent. IMPF offers information to members on the financial impact of the lockdowns. IMPF undertook the first of its kind global study on the state of independent music publishing which helps our sector assess the losses due to Covid-19 and provides focus on where help is most needed to boost recovery (see Point 10).
2. Enhancing member collaboration
Smaller, independent businesses need to work together to compete with larger companies. Collaboration is key, and even more so during this period of great change and uncertainty. One of the consequences of Covid-19 is an aversion to global business and globalisation by some governments. It is crucial for our members to continue investing and developing business worldwide.
The IMPF website will drive traffic to individual member sites. We have set up a “Company of the Month” initiative on the site, where visitors can explore an individual company and browse their offering of genres and artists. The ‘Company of the Month’ focus is supported across all our social-digital channels.
3. Resource Education
IMPF provides members with information on the resources available to deal with the impact of Covid-19, including what other organisations are doing worldwide. The IMPF website promotes best practices among members by informing you of steps taken by others in dealing with the crisis and showing examples of measures that can be adopted and adapted.
4. The Opportunities
The dangers and negative impacts of this pandemic are very real and very concerning. However, within a crisis are the seeds of opportunity. The cancellation of live performances and the worldwide lockdown have led to fresh licensing opportunities; DJ sets, the use of master recordings on live streaming, the increasing use of services such as Zoom and other platforms for entertainment purposes, off-site ticketing and subscriptions where the offering is music content (live or recorded), making the most of the advertising revenue on those licensed platforms now offering more and more online entertainment. IMPF engages with industry bodies to discuss potential new and mutually beneficial approaches to licensing models.
5. Indie publishers and composer supports
IMPF continues to coordinate and support projects relevant to composers and music publishers. IMPF has set up an ‘ideas bank’ where all members can contribute, with topics chosen for a series of meeting roundtables via webinar. The ‘ideas bank’ offers the opportunity for members to discuss any concerns or questions about global, national, or business-related issues.
6. Industry relations
IMPF considers cooperative and collaborative relations between music publishers and collective management organisations (CMOs) of vital importance. It is of utmost importance to conserve the highest levels of transparency and smooth information exchange, in each territory so that communication is as seamless as possible for the benefit of all our members.
IMPF is actively addressing what streaming services make off the back of creators’ work and the gross disparity and inequality of what they pay out. Streaming services need to better support, pay-up and pay fair, composers and authors for their work.
7. Coordinated response
IMPF will continue liaising with other likeminded organisations in the creative sector and supports and echoes those organisations that are making similar calls for a coordinated response across member territories and where there has been direct approach to governments.
IMPF engages with policy and decision makers unilaterally and via broader creative industry coalitions. It is important to ensure that specific cultural crisis funds are put in place at national, regional, and international levels to assist the smaller actors.
At European level, it is of utmost importance that the Copyright Directive is transposed and implemented by Member States as this will ensure an essential source of revenue for all rightsholders. IMPF also drives deeper engagement with national governments via our members to ensure that the value of copyright, culture and music is not undermined during this period.
9. Structural changes and measures
As governments implement long-term recovery plans for the broader economy, we will be working on issues long under discussion, such as specific loan guarantees; increased licensing rates; vat rebates; the creation of new revenue streams (e.g., online concerts); interest free loans to micro-businesses, and any other relevant matters.
10. Study on Indie Music Publishing
IMPF has carried out a study of existing data and statistics on independent music publishing. These figures also help policymakers to better understand the economic significance of protecting our rights.
MEMBERS OF THE COVID-19 TASK FORCE ARE:
David Alexander, Managing Director – Sheer Music Publishing
Ender Atis, COO – Budde Music Publishing
Annette Barrett, Managing Director – Reservoir/Reverb Music
Niclass Björlund, Managing Director – Edition Björlund
Mark Chung, Managing director – Freibank Musikverlags
Pierre Mossiat, CEO – Strictly Confidential Music Confidential
Teri Nelson Carpenter, President and CEO – Reel Musik Werks
Simon Platz, Managing Director – Bucks Music Group
John Telfer, Chairman – Rocking Gorillas Music
Francesca Trainini, Managing Director – Oyez!
If there are any parts of this plan to which you would like to contribute, such as:
- Company of the Month
- Ideas bank
- Webinar and meetings
Please feel free to contact Secretariat at email@example.com
RESOURCES AND NEWS
Links to funding, initiatives and information related to the cultural and creative sectors being rolled out in response to Covid19. For any specific information please contact the Secretariat on firstname.lastname@example.org
Visit our Company of the Week from the
Indie Music Publishing Community
Organizacion Musical Sudamericana (OMSA) SRL was established in Buenos Aires in 1992 by Roberto Barry and John Nathan as a full-service Publisher and Sub-publishing company. A study of the Argentine music publishing business showed that many foreign publishers were...
Based in Copenhagen, Denmark, GL Music Entertainment is one of the biggest Scandinavian independent music publishing, production and artist development companies. Having the GL founders originating from the creative side of the music industry by being producers and...
Based out of Toronto, Canada, Red Brick Songs/Casablanca Media Publishing started out of a passion for music. We are a full-service music publisher that discovers and supports songwriters. We share and support their musical talent, and create opportunities that...
International Response to Covid-19
Follow the links to news on what’s happening worldwide during Covid-19
In April, IMPALA proposed a recovery roadmap to boost growth in Europe through music and culture, in sync with the EU Recovery Plan.
EU Creatives Unite – A resource platform by the Cultural & Creative sectors for the Cultural & Creative Sectors
Commissioner Mariya Gabriel proposed the launching of a platform for the cultural sector to share information and good practices between themselves. This is how Creatives Unite was born. Creatives Unite is a platform that aims to balance this gap by gathering all the...
IFPI has provided a really useful map with detailed information about music industry-related measures and initiatives in place across the world to combat the impact of COVID-19.
IMC has complied a list of resources which will be updated regularly. It contains measures from governments and other policy-makers and initiatives from the sector.
At the outbreak of COVID-19, MWA asked for much needed government relief for ALL gig economy workers and are now calling for economic justice for content creators in the digital marketplace.
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Mayor of London working with Music Venue Trust and others, launches fund to support London’s at risk culture
The Mayor is working with the Music Venue Trust, the LGBTQ+ Venues Forum, the Creative Land Trust and BFI to help venues and artists across the capital through the new Culture at Risk Business Support Fund.
On Thursday, March 26, the Sacem board of directors adopted a plan with emergency measures to assist and accompany authors, composers and publishers of music. It includes a rescue fund, exceptional advances on royalty payments, and a reinforcement of the support...
Despite the uncertainty of COVID-19, the Make Music Day will still be happening on June 21. Unlike traditional music festivals, Make Music Day is an open invitation for everyone to make music anywhere and everywhere. Join one of the online Make Music Day initiatives...
UK Music has published a list of resources during COVID-19.
Commissioner Mariya Gabriel responds to Call from Cultural Creative Sector. Letter from Commissioner Mariya Gabriel.
Europe’s cultural and creative sectors CCS Joint Call Covid-19 for ambitious EU budgetary measures to get through the Covid-19 crisis.
Nashville Songwriters Association International announces that songwriters, musicians, sound and light techs, road crews, producers and other self-employed music industry workers will be eligible for both grants and loans under the stimulus bill passed by the United...
MusicCovidRelief.com is a resource brought to you by partners in the U.S. Music Community to help music professionals access information and applications to receive benefits made available by the CARES Act (Phase III of the Coronavirus Stimulus bill signed into law...
Musikwirtschaft Fordert Schnelles Hilfsprogramme. Please contact email@example.com for a translation of the report.
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