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STREAMING. The most obvious lens to examine the scope of the coronavirus' impact on music is through sales, the numbers measuring our consumption of music. Following the beginning of the pandemic, physical sales—representative of 25% of recorded music revenue—have fallen by about one-third, while digital sales have fallen 11%.

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Although COVID-19 has devastated the music industry, certain contract provisions, insurance policies and federal support can help reduce or mitigate financial losses, say Carly Kessler and Lauran.

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Nearly 2.7 million people in the U.S. lost their health insurance over a 12-week period in the spring and summer of 2020 during the COVID-19 pandemic, according to a new study led by researchers.

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Despite the return of gigs and festivals, the UK live music industry is still full of uncertainty due to a lack of clarification from the government about vaccine passports and an events insurance.

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John Watson of music company Eleven, which manages artists including Midnight Oil and Missy Higgins, said the lack of insurance options was a "market failure" the government needed to step in and fix.

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The live music industry and the insurance industry are battling over who's responsible for canceled shows' multimillion-dollar losses. A contract obtained by Rolling Stone shows coronavirus specifically excluded in coverage. Coachella is on hold for six months. Concert giants Live Nation and AEG are pausing all tours.

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Having recently marked the one-year anniversary of the COVID-19 pandemic, it seems like an opportune time to consider how the pandemic has impacted the insurance industry. While business.

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Why owners of live music venues are having trouble finding insurance for COVID : The Indicator from Planet Money The pandemic forced the closure of music venues around the country. Owners of many.

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The biggest such case in the music industry is a sweeping lawsuit filed by Live Nation, seeking coverage from Factory Mutual Insurance Co. for more than 10,000 shows (encompassing a whopping 15.

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Consolidation. In 2021, consolidation continued to sweep the insurance industry. There were 418 completed mergers and acquisitions (M&A), which marked a 2.7% increase from 2020 overall, and 180 deals in the U.S. was the highest total since 2015. The flurry of M&A activity in the property and casualty insurance sector has been attributed to the.

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Throughout the pandemic, music venues have had to close across the country. Many owners believed their business insurance would help. But, it turns out, their policies weren't designed for COVID-19.

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The H.R.6201 act requires health plans to fully cover COVID-19 testing without any deductible, copay, or coinsurance. This includes the lab services for the test as well as the fees charged by the doctor's office, urgent care clinic, or emergency room where the patient is tested. The law also prohibits health plans from requiring prior.

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Coronavirus Cancellations: Festivals, Concerts, Tours, Films Affected by the Outbreak. The music industry is postponing or canceling tours, concerts, and major festivals to stop the spread of the.

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It will begin next month with a £750m budget to cover cancellation costs if events are legally unable to happen due to government Covid restrictions. The live events industry, which has.

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A slew of artists have had to postpone or reschedule concert dates in recent months due to COVID-19 complications.. insurance are generally covered when. matters in the music industry.

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Music fans' confusion over insurance cover. 2 July 2021. Getty Images. Confusion surrounds the extent to which insurance covers people affected by Covid who have bought tickets to gigs and other.