Canadian Musician - July/August 2020 | Page 12

CHANGES Data Shows Canadians Wary of Going to Concerts Again, Even After Restrictions Are Lifted Recent research from Abacus Data that was commissioned by Music Canada, which looked into how Canadians’ feelings around music have changed during the pandemic, indicates it could take up to six months after physical distancing restrictions are lifted for even self-identified “live music lovers” to feel comfortable going to concerts again. The findings show that it will be at least six months after government restrictions are lifted before many feel comfortable going to: bars/pubs (28%); small-venue concerts (35%); large-venue concerts (42%); festivals (41%); and community events with live music (31%). Also, 59% said they are unlikely to go to concert venues or bars until there is a vaccine for COVID-19, even if they reopen with reduced capacity to allow for physical distancing. Another striking finding is that 50% of respondents said they may never feel comfortable going to a concert in the United States again, with another 32% saying it would take at least six months before they felt comfortable again. Overall, older Canadians expressed longer time horizons before they would feel comfortable going to live events again, as did women generally. The research also demonstrated how important music has been in helping Canadians to get through the pandemic. Nearly two-thirds (58%) of respondents reported feeling worse about the pandemic because of the cancellation of live music events. Half of those identified as “live music lovers” also reported listening to more music during the pandemic, and for the vast majority (86%), listening to music is a way to relieve stress. For more information on the findings, go to www.abacusdata.ca/live-music-after-pandemic. Canadian Music Market Grew 8% in 2019; Streaming Now Generates Half of Global Recorded Music Revenue According to the IFPI’s latest Global Music Report, which details the recorded music industry’s financial results for 2019, total revenues for the global recorded music market grew by 8.2% to US$20.2 billion last year. This continued growth, which has been fairly consistent in recent years, was again driven by the streaming market. Streaming revenue grew by 22.9% to US$11.4 billion and for the first time accounted for more than half (56.1%) of global recorded music revenue. Growth in streaming more than offset a -5.3% decline in physical revenue, a slower rate than 2018. The numbers are for 2019 only and do not reflect the more recent effects of COVID-19. The report also showed that the U.S. and Canada grew by 10.4%, remaining the largest region for recorded music revenues, accounting for 39.1% of the global market. The U.S. grew by 10.5%, its fifth consecutive year of growth. Canada, which was largely flat in 2018, increased by 8.1%. Streaming’s overall growth was driven by a 24.1% increase in paid subscription streaming with nearly all markets reporting growth. Worldwide, there were 341 million users of paid streaming services at the end of 2019 (+33.5%), with paid streaming accounting for 42% of total recorded music revenue. For more information, go to www.ifpi.org. ‘Alberta Spotlight’ Launched to Pay Province’s Musicians for Recorded Performances The Government of Alberta, in partnership with Alberta Music, the National Music Centre, CKUA Radio Network, and Stagehand, has launched the Alberta Spotlight online series, which is meant to connect Albertans across the province with music while paying professional and semi-professional musicians for their online performances. The Government of Alberta has pledged $125,000 to support the initiative. Selected artists will receive a $1,000 grant to create a three-song, pre-recorded, high-quality video to be shared via partner websites and social media channels. There is no hard deadline and applications will be accepted until all the funding has been allocated. For more information, including eligibility criteria, go to www.albertamusic.org/ programs/alberta-spotlight. 12 CANADIAN MUSICIAN