It seems that 90% of US music venues
are set to close, due to the lockdown. In response, someone has raised money to
buy up the failing concerns, creating an organisation called SaveLive,
which will take a 51% stake in each.
This must
be a big gamble, for any investor.
However,
what seems likely, in practice, is common ownership may mean the venues all
become part of a national chain. This may create a national US circuit for
music acts - effectively, one chain controlling nearly all live music. On the
one hand, this could mean some acts find it much easier to get a series of
gigs; on the other hand, music could become a lot more controlled, restricted,
filtered, commodified, making it much harder for anything new and different to
be heard. Musicians may also have to deal with a monopoly. (Anyone remember
TOBA? Pre-WWII, it forced down black musicians' wages - Tough On Black Acts.)