Musicians will lose two-thirds of their income this year

Music creators in the UK will lose 65% of their income in 2020 due to Covid-19, according to the new annual Music By Numbers report by UK Music. The effective shutdown of concerts and festivals will also cause live music revenues to fall by 85% this year. UK music industry contributed £5.8 billion to the UK economy in 2019, and employment in the industry hit an all-time high of 197,168, NME reports.