DCMS Committee: Chair calls on Chancellor to provide urgent support for festivals 26 Feb 2021
Chair calls on Chancellor to provide urgent support to enable opening up of festivals' sector
DCMS Committee Chair Julian Knight has urged the Chancellor to announce support next week to encourage more festivals to go ahead this summer.
The Treasury had earlier rejected a call, which had the support of more than 100 organisations and individuals in the performance sectors, to extend an underwriting scheme offered to other creative industries including film and TV.
In correspondence to the Chair which has been published today, John Glen, the Economic Secretary to the Treasury, had suggested that the publication of a roadmap for the reopening of the events sector could be the 'right point' to consider potential support, including insurance-based options.
DCMS Committee Chair Julian Knight MP said:
"The Treasury rejected our earlier call for a government-backed insurance scheme that would have provided a safety net for festivals to go ahead, saying the time was not right.
"While we've seen welcome news for fans that the Reading and Leeds festivals will happen, the rest of the sector needs more than a roadmap to give them the confidence it takes to get events underway. For some, like Glastonbury, it's already too late.
"We're calling on the Chancellor to review that decision now that the government has a better sense of the road to recovery. There's still time ahead of next week's Budget to give the festivals' industry, which makes a significant contribution to the economy, the helping hand it needs."
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THE HEADLINES
Lyor Cohen: AI won’t replace artists — it will make them unstoppable (see Opinion)
Omdia tips music publishers’ revenues to hit $10bn this year (see Reports)
Unit1 Studio launches offering potential for immersive avatar concerts through lower production costs (see Digital)
Are we still in the music business? When your POV is worth more than your mp3s (see Opinion)
Is rock’n’roll dead? (see Features)
Book extract: Body Of Work: How The Album Outplayed The Algorithm And Survived Playlist Culture (see Comment)
With MTV channels switching off, is the music video under threat? (see Features)
Spotify partnering with multinational music companies to develop ‘responsible’ AI products (see Digital)
Sam Fender wins 2025 Mercury Prize (see News)
Spotify working on ‘SongDNA’ feature that showcases the people behind tracks (see Digital)
How far should cultural boycotts go? (see Features)
How Subvert is building a co-op owned Bandcamp alternative (see Digital)
Lucian Grainge outlines UMG’s strategy for generative AI partnerships and product development (see News)
The future of music streaming: Change or be changed (see Comment)
Sam Altman: the man who stole the rights from copyright. If he’s the future, can we go backwards? (see Features)
Warner Music Group CEO Robert Kyncl discusses the company's “tremendous catalogue” (see Features)
There’s a £1 idea that could save small music venues. Is Live Nation holding it back? (see Features)
Breaking down the arguments around VMG’s Downtown Music acquisition (see Analysis)
