Songwriters fear 35% royalty drop in 2020

CMU’s Andy Malt and Chris Cooke review key events in music and the music business from the last week, including global collecting society grouping CISAC's positive revenue stats for 2019 and very gloomy predictions for 2020, and the news that Harry Styles has invested in a new arena venue in Manchester. SECTION TIMES 01: CISAC figures (00:04:45) 02: Harry Styles (00:20:16) (Timings may be slightly different due to adverts) STORIES DISCUSSED THIS WEEK • Song right societies saw collections grow 8.4% in 2019, but fear a 35% drop in 2020 due to COVID • Harry Styles invests in new Manchester arena Co-op Live ALSO MENTIONED • Spotify boss discusses price rise strategies in latest investor report • US musicians group calls for cent-per-stream payouts in Justice At Spotify campaign MORE FROM CMU • Book your place on CMU’s end of year webinars • Buy the new Dissecting The Digital Dollar book on Amazon • Sign up to receive the CMU Daily news bulletin