IAFAR Calls For Action Plan From CMOs
While most of the music industry was fast to react to the growing crisis devastating its revenue, we’ve yet to hear from the neighbouring rights CMOs.
The plan from indie music rights organisation IMPALA was detailed and focused. It ends with three crisis-management steps: (1) bolstered collecting efforts, (2) better digital services (including faster payments), and (3) increased independent music radio airtime and promotion.
PRS, representing writers, joined forces with its partners at the PRS Members’ Fund and the PRS Foundation to launch the PRS Emergency Relief Fund. Money was made available to PRS writer members globally and offers grants up to £1000 per member, depending on need and eligibility. Applications went live at 9am on Thursday 26 March. Writers can apply here Emergency Relief Fund page. They also pledged to have royalties in member accounts by April 15th as normal.
IAFAR encourages all artist performance rights CMOs to use their black box funds and reserves to mirror the PRS relief efforts and to reassure their members that they are open for business, working on interim solutions for the short term survival of their members and the timely payment of royalties already due.
Other resources for the music industry include:
- Spotify/Twitch team up for new platform and revenue stream for live video events
- Reme Harris MBE’s creative toolkit with a list of sites for financial help – https://creativefreelancec19.glideapp.io
- Jammacard/Winston House’s site to pair music people in need with those offering help – https://www.winstonhouse.com/creativecommunityfund
Please check back on this website for more information and breaking news. We’ll update as more resources follow.
