Lizzo’s keeping her $5 million cancelled festival fee

CMU’s Andy Malt and Chris Cooke review key events in music and the music business from the last week, including the ruling that Lizzo can keep the $5 million fee she was paid to play the 2020 LA Virgin Fest that never happened because of COVID, and YouTube's announcement that it handed more than $6 billion over to the music industry in the twelve months to June this year. STORIES DISCUSSED THIS WEEK • Lizzo can keep $5 million fee from COVID cancelled Virgin Fest, judge rules • YouTube paid out $6 billion to the music industry over the last year ALSO MENTIONED • Worldwide FM to pause new programmes so to “re-organise and re-evaluate” • Loud & Quiet financial troubles statement (Twitter) • Loud And Quiet announces subscriptions to help weather COVID-19 crisis (April 2020) • CMU Podcast: Convergence Sessions Special (March 2016) • Lyor Cohen blog post (YouTube Official Blog) MORE FROM CMU • Upcoming CMU webinars • Buy MMF and CMU Insights’ Dissecting The Digital Dollar book on Amazon • Sign up to receive the CMU Daily news bulletin • Listen to the full Setlist theme tune