A flash mob with pots & pans in Italy, & virtual concerts in Spain help soften the blow of the devastation to their music industries
Billboard
, president of FIMI, Italy’s major labels body. In addition to the live sector -- which suffered an estimated loss of 10.5 million euros for the last week of February alone -- FIMI is seeing a 60% drop in physical record sales, a 70% fall in synchronization revenues and a 70% drop in background music revenues collected from establishments like shopping malls, bars and hairdressers, he says.
In both Spain and Italy, the virus has spread quickly and shown no signs of slowing. The rapid changes were illustrated by two videos posted within a week by Uruguayan pop poet. In one, shot after he canceled a concert, he played a song he had written, “Codo a Codo” , and urged social distancing while strumming introspectively in a Costa Rican hotel room.
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