What Kind of Year Will It Be for the Record Business? The Forecasts Are Getting Worse

Universal, Sony, and Warner face deleterious effects from COVID not only on their physical record sales and merch, but also on their share of touring ticket sales, plus a reduction in performance licensing income — in particular, money collected from bars, restaurants and retailers whenever they play records within their premises. In addition, all three majors own large-scale music publishing companies, who cannot collect their usual percentage of ticket sales for every live concert at which their catalogs are performed.

Source: What Kind of Year Will It Be for the Record Business? The Forecasts Are Getting Worse, Not Better

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