The Coronavirus Stimulus Bill Gives the Music Industry a Fighting Chance

  • 📰 RollingStone
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Thanks to music advocacy groups, relief package passed by the U.S. Senate will apply to songwriters, sound engineers, independent recording artists, and more

Herbison says conversations kicked off when he received a call last week from Rep. Ted Deutch , the chair of the “Songwriters’ Caucus” — a small group that handles music-industry concerns — in the U.S. House of Representatives.

For the past week, the NSAI, NMPA, and SONA worked closely with Deutch and Sen. Marsha Blackburn — who spearheaded the Senate’s version of Deutch’s efforts — along with other members of Congress to push the music-inclusive stimulus deal in both chambers of the legislative body. Herbison says that though the airline and travel industries were hit first by the coronavirus outbreak, the music industry spiraled into crisis as soon as live events began shutting down across the country. “I heard from songwriters saying, ‘I’ve just lost $14,000 of gigs’ and ‘I literally can’t pay my rent,'” Herbison says. “We had a House Democrat and a Senate Republican signed on board to help us and I’m proud of what we’ve done.

The bill approved by the Senate Wednesday also includes a $25 million package for the John F. Kennedy Center for the Performing Arts in D.C., as well as $75 million for the $75 million for the National Endowment for the Arts. Catch up with Rolling Stone’s earlier reporting on how the coronavirus pandemic has upended the music industry

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 483. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here’s Why Stocks Just Had Their Best Day Since 1933The market surged 11% as Congress neared a deal on the $2 trillion coronavirus stimulus bill. skleb1234 Chinaconspiracy ChinaLiedAndPeopleDied ChinaLiesPeopleDie coronavirus Spain Italy USA China wants to rule..by hook or by crook...they really don't care Chinaconspiracy skleb1234 Because as usual Trump is giving away stuff or money that isn't his? How else do you explain bankrupting effin CASINOS for Christ's sake and the investors? BANKRUPTED and no money back!!! skleb1234 👍
Source: Forbes - 🏆 394. / 53 Read more »