Post-COVID pay cuts and Jay-Z's love chat

CMU’s Andy Malt and Chris Cooke review key events in music and the music business from the last week, including Live Nation's planned changes to artist agreements post-COVID that will mean performers receiving lower fees and taking on more risk, plus Jay-Z and Beyonce being sued for allegedly using a spoken word recording on their track 'Black Effect' without permission. SECTION TIMES 01: Artists face lower pay, higher risks for live shows post-COVID (00:02:59) 02: Jay-Z and Beyonce sued of ‘Black Effect’ spoken word section (00:18:31) STORIES DISCUSSED THIS WEEK • Live Nation memo confirms promoters want artists to share the risk when the live industry swings back into action • Beyonce and Jay-Z sued over Black Effect monologue ALSO MENTIONED • EMI Records is “reborn” • The 40 year old Virgin announces birthday plans (2013 report) MORE FROM CMU • Get notified with the new ‘Dissecting The Digital Dollar’ book is out • Sign up to receive the CMU Daily news bulletin