Friday , February 26 2021

Brexit, a stone in a shoe For the British music industry



From the Beatles and David Bowie to the Arctic Monkeys and Franz Ferdinand, Pop music There was a main one Exporting products from the UK. Almost a source of source for examining changes in the market and changes in the market.

Yet, Brexit Can be a stone in the shoe for this market is estimated at 4,000 400 million pounds, a figure similar to the cost that would entail the abolition of NAICM (120 billion pesos, according to the current exchange rate), according to the report Music Measurement 2018, in the UK.

God Keter Capital , Which will take place next weekend at Hermanos Rodriguez Autodromo – has a broad British proposal: almost a third of the 48 bands of the cartel.

The proportions are similar in Coachella (EU), Lowlands (Netherlands), Sónar (Spain), Rock Am Ring (Germany) and Lollapalooza (France, Germany, EU, Chile, Brazil and Argentina). But they could reduce in the next few years if the Teresa May government fails to reach the necessary agreements with the EU that will allow free movement of people and capital, as well as tax areas where groups can tour Europe without tariff barriers or cumbersome procedures, experts say Financial, And a study circulated last month by activist Bob Geldof, who sent a letter – signed by about 100 musicians, such as Bernard Summer, Sting Ed Sheeran – to Downing Street to prevent the British music Surrounded by a "cultural prison".

"There is a difficult moment British Artists. The main problem will be bureaucratic, because they will have to work visa for each European country in which they will play. In Mexico, however, they are only asked for an invitation letter processed by a lawyer in coordination with the National Migration Institute, "says artistic programmer Diego Jiménez Labora, who will bring the SUNAR Festival in 2019.

In this way, the interviewees overlap – Brexit This could be a window of opportunity for Latin American festivals, as bands will not require so much paperwork to present themselves.

Inside Keter Capital They will play groups – among others Cox, the Chemical Brothers and Jesus and Mary – who had the best moments in the 80s and 90s, exactly when UK It enjoyed the fiscal and trade policies of the European economic community, which in 1993 became the European Union.

"If the required agreements are not reached, the tours will have to be planned with more time in advance and this could raise costs and create logistical problems," says Jimenez.

But if the May government comes to an agreement on visas, artists will have to pay up to 20 percent of their fees for National Insurance costs, which they are currently exempt from, Ivan points out. His Huight Tour The telegraph. "The paperwork for ordering a European orchestra – demonstrates – requires one hour of administrative work, but with Brexit it can increase to 100 hours," he says.

In Mexico, fewer formalities are required, and if artists have an American visa, everything is easier, says Lase Gus, EDC's music programmer. "It could be a window of opportunity for Latin America, although the reality is that we still do not have many festivals to compete in the summer season in Europe."

A new order has a 62-year-old anti-Brixite leader: Bernard Sommer, who said: "Leaving Europe is a stupid decision." He was one of the beneficiaries of European multiculturalism. The successes of the new order would not have taken place without the electronic scene in Berlin or the Italian disco. In 1988, Blue Monday reached the top of the charts in Germany, the Netherlands, Belgium and Switzerland, when Europe was no longer a neighborhood of nationalism.

"It will be interesting to open doors in Latin America to express their anger, because in Europe the processes may be more complicated," says Leizer.

The effects on the industry, Geldof says, will be numerous, from declining royalties and copyright and intellectual property problems to declining physical and digital disk sales.

In its latest report, the British popular industry also warns: "Brexit threatens the impressive revenues of the music industry in Britain, the country that exports most of the music after the US." According to the agency, 2017 was the most popular year of British music in the century. Sales of label labels operating in the UK increased 12 percent to 408 million pounds.

And that's what Bitmania There was no decade in the music exempt from British characters. The pop of the 90s could not be understood without Robbie Williams, one of Corona's high points, who told Talkradio that he would like to see "a tough and strong Brexit." Unexpected words from someone whose tours occur mainly in Europe, which earned him $ 46 million a year. His contract with EMI in 2002 – worth 94 million euros – is the second juiciest for the UK soloist, according to the Sun.

The most affected industries by Brexit without an agreement – says the legal tax claims on Brexit, KPMG's – will depend on the use of Community passports For the free distribution of goods and services that enjoy EU tax laws.

"The immediate impact of the departure of the United Kingdom, the research warns, is that it will no longer be part of the application area," he said. Of VAT and customs union, which can lead to the existence of tariff rates and indirect taxes on imports / exports that have not been applied so far.

The study continues: "This could also imply the removal of the common tariff rates applicable to non-EU countries, parallel to the VAT effect, harmonization of special taxes or initiatives to introduce tax on transactions will decline in the UK. Financial institutions (FTT) in the European Union.


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