Friday, June 13, 2008

Music Performance Fund in Peril

From Mike Boehm, Los Angeles Times

For 60 years, the Music Performance Fund, an unsung charity financed by a small fraction of record company sales, has paid the piper -- and just about every other kind of musician -- by helping to bankroll thousands of free concerts annually all over North America.

Now, though, the popularity of music downloads and file-sharing via the Internet has eaten away at record company revenues. And as the industry has dwindled, so has the performance fund's ability to underwrite pro bono shows.

"'Dwindled' is an easy way of saying it's gone to pot," said John Hall, the trustee who has managed the Music Performance Fund for most of the last 18 years.

At its peak in the early 1980s, Hall said, the fund got more than $20 million a year from record companies. Last year, the figure was $3.4 million. In 1984, the fund helped pay musicians' salaries for 55,000 free performances. Last year, there were 9,060. The organization's staff is down from 36 to eight.
Link

No comments: