NTIA Comment on CMS Report on Grass Roots Levy 14 Nov 2024
“The CMS Committee’s report is a vital step in recognizing and addressing the immense pressures on grassroots music venues across the UK. We welcome their support for a levy on arena and stadium tickets, alongside a VAT reduction, as immediate actions to stabilize this critical part of the music ecosystem. Grassroots venues are not just cultural spaces; they are where new talent is nurtured, where creative communities thrive, and where diverse musical genres find a platform. Without targeted intervention, we risk losing the foundation of the UK’s globally renowned music industry."
"Our industry is facing an existential crisis, with venues closing at an alarming rate due to unsustainable costs and reduced revenues. The proposed levy and VAT reduction would bring much-needed financial relief, giving venues, artists, and promoters the support they need to continue operating. This report highlights that the burden cannot fall solely on grassroots venues; rather, all players in the music ecosystem, including larger arenas and stadiums, must contribute to the solution."
"However, it is crucial that this approach remains ecosystem-led, considering the broader spectrum of creatives, technicians, and professionals who make up the live music sector. We must ensure these measures benefit not just the venues but also the full range of associated creatives and support roles that underpin the industry. By working together—industry leaders, government, and fans alike—we can create a sustainable future for live music, preserving local venues and fostering a vibrant, diverse music culture across the UK.”
NEWS & PRESS
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NTIA Comment on CMS Report on Grass Roots Levy
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AIF statement on Government response to Culture, Media & Sport Committee Inquiry into Grassroots Music Venues
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THE HEADLINES
Minister urges live music industry to introduce voluntary ticket levy to protect grassroots venues (see News)
Spotify reported continued subscriber growth (see Business)
Bill Ackman’s influence on Universal Music Group (see Analysis)
MMF publishes Management Deals Guide (see Reports)
Interscope: The making of a modern hit factory (see Features)
PRS for Music responds to accusations by PACE (see News)
PRS under fire over its Major Live Concerts Service (see News)
Proposed UK copyright amendment will see US performers frozen out of equitable remuneration deal (see News)
Is music stardom in decline? (see Analysis)
Believe pledges to ‘fight’ Universal Music copyright suit (see News)
Tributes pour in for Quincy Jones (see Features)
Universal Music accuses Believe of rampant piracy via knockoff tracks (see News)
Jason Iley presented with the 2024 MITS Award (see News)
Greatest hits albums, once a must purchase, have lost their mojo (see Comment)
Universal reported year-on-year growth (see Business)