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Music affected by the coronavirus crisis

2020-03-31T17:28:06.445Z


The sector suffers mainly from the closure of points of sale.


Like other cultural sectors, the music market was not spared from containment measures during the worldwide coronavirus epidemic. Warner Music preferred to freeze its IPO project while waiting for better times. And Vivendi has just secured the sale of 10% of Universal Music to a Chinese consortium led by Tencent ( see box ). More generally, the album launches are postponed and the video clips, impossible to shoot. Difficult, in any case, to communicate about news in such a serious context.

France has 4,000 points of sale, what will remain of this distribution network after the crisis?

A market expert

In France, the health crisis could put a serious stop to the current improvement in the sector. Last year, the sector had indeed displayed sustained growth of almost 5.5% for a turnover of more than 770 million euros. However, in recent weeks, music has been attacked on all fronts. Beyond the concerts, silenced, almost

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Source: lefigaro

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