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Investing in the music industry provides long-term opportunities. As the industry evolves, retail investors have access to public stocks, exchange-traded funds and crowdfunding platforms.
Record sales Table is a meta-analysis of eight IFPI annual reports In 2008, 123m physical albums were sold in the UK, compared with 131m in 2007 and 151m in 2006. At an average price of £7.72, CDs were more than 25% cheaper in 2008 than in 2000.
The world's largest recorded music markets are listed annually by the International Federation of the Phonographic Industry (IFPI). The ranking is based on retail value (rather than units) each market generates respectively per year; retail value generated by each market varies from year to year.
The main branches of the music industry are the live music industry, the recording industry, and all the companies that train, support, supply and represent musicians. The recording industry produces three separate products: compositions (songs, pieces, lyrics), recordings (audio and video) and media (such as CDs or MP3s , and DVDs ).
Record sales or music sales are activities related to selling music recordings (albums, singles, or music videos) through physical record shops or digital music stores. [ 1 ] [ 2 ] [ 3 ] Record sales reached their peak in 1999, when 600 million people spent an average of $64 on records, achieving $40 billion in sales of recorded music.
New Music Economy is a term describing the emergent social, technical, political and economic context of the creative industries.This shift in context has been fueled by concurrent evolution within an ecosystem of interdependent technologies, institutions, and individuals; the result of which impacts the nature of creative property, identity, production, distribution and imagination.
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