RIO DE JANEIRO, BRAZIL - The report What Brazil hears, prepared by the Central Bureau of Collection and Distribution (Ecad), reveals that the suspension of events and carnival blocks will have a strong impact on the music industry, resulting in a drop of more than 60% in copyright revenue.
Ecad's forecast is to collect R$6 million during the carnival period, which represents a 62% reduction in the amount collected in 2020, before the covid-19 pandemic. By the end of January, were collected 41% of this estimate, which refers to events already licensed and paid in advance.
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