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

 

CONTEXT

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.

8. Advocacy

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 secretariat@impforum.org

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 secretariat@impforum.org

FEATURED MEMBER

Visit our Company of the Week from the

Indie Music Publishing Community

Company of the Month: Sentric Music Publishing

Company of the Month: Sentric Music Publishing

Sentric Music Group is a global independent Music Publishing company headquartered in Liverpool and with offices in London, Hamburg, New York and LA. Collectively Sentric’s portfolio of brands provide rights management services to over 200,000 songwriters and...

Company of the Month: Dancing Bear Publishing

Company of the Month: Dancing Bear Publishing

DANCING BEAR PUBLISHING is a part of Dancing Bear Group and one of the biggest publishers in the region, sub-publisher of Warner/Chappell Music for Croatia, Macedonia and Bosnia & Herzegovina. Dancing Bear Publishing also sub-publishes and represents independent...

Company of the Month: Music Asset Management, Inc.

Company of the Month: Music Asset Management, Inc.

Celebrating its 15th Anniversary in 2021, MAM is a leading global independent music publishing and consulting company founded in 2006 by industry veteran Mary Jo Mennella, one of the most well-known and respected rights administration and licensing experts in the...

Company of the Month: All Stars Music

Company of the Month: All Stars Music

All Stars Music is a music publishing company known especially for its high standard, transparent and accurate work registration operations, and good command of the digital field. The writers we work with are choosing us to receive reliable reporting service regarding...

Company of the Month: PEN Music Group, Inc.

Company of the Month: PEN Music Group, Inc.

Awarded Indie Music Publisher of the Year (2019) by the Association Of Independent Music Publishers (AIMP - L.A. Chapter), PEN Music Group, Inc. has operated as a full-service independent music publishing company since 1994 when Michael Eames co-founded it as an...

International Response to Covid-19

Follow the links to news on what’s happening worldwide during Covid-19

$250 million JobMaker plan to restart Australia’s creative economy

$250 million JobMaker plan to restart Australia’s creative economy

MEDIA RELEASE 25 June 2020 Prime Minister, Minister for Communications, Cyber Safety, and the Arts - Australia Thousands of jobs across Australia’s arts industry will be backed with a new $250 million targeted package to help restart the creative economy and get the...

IMPALA Recovery Roadmap

In April, IMPALA proposed a recovery roadmap to boost growth in Europe through music and culture, in sync with the EU Recovery Plan.

News Archive

Featured Members

Company of the week: GL Music Entertainment

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...

Company of the week: Red Brick Songs/Casablanca Media Publishing

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...

News 

Future of Culture and Creative Sectors in Post COVID-19 Europe

Article from the European Cultural Foundation. The cultural and creative sectors are among the most severely impacted by the pandemic crisis according to preliminary estimates by Eurostat, the COVID-19 crisis may affect about 7.3 million cultural and creative jobs...

Music Venue Trust

Music Venue Trust is calling on the music industry, cultural sector and the UK’s most successful musicians to come together to create a £1 million fighting fund to prevent the permanent closure of hundreds of Grassroots Music Venues across the UK.

SACEM launching emergency measure for members

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...

Make Music Day NAMM Foundation

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...

Music Covid Relief US Platform helping music professionals

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...

Find out more about IMPF membership

Being an IMPF member means you will add your voice to an international network focused on your concerns.