Covid 19 jeopardized the whole world but nearly obliterated one industry. The music industry is going through very difficult times. Practically never since its beginning in modern form, this industry has faced a similar challenge. Festivals, promotions, tours, concerts have been canceled. The musicians and all those who maintain this business are cast away. Although there are currently some improvements in the general situation, it is clear that the consequences of this crisis will be felt for a long time. The panel initiates the discussion on what the music industry looks like today and how it will function in the future.