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The U.S. recorded music industry grew its revenue by 8% in 2023, reaching an all-time high of $17.1 billion and marking eight consecutive years of growth. However, there’s no question that the ...
The music industry refers to the individuals and organizations that earn money by writing songs and musical compositions, creating and selling recorded music and sheet music, presenting concerts, as well as the organizations that aid, train, represent and supply music creators. Among the many individuals and organizations that operate in the ...
The beginning of the 2020s decade was a difficult time for the music industry, as the COVID-19 pandemic resulted in widespread concert cancellations due to risks of mass infection. However, by mid-2023, the music industry recorded its highest annual revenue of all time ($8.4 billion), propelled by increased growth of streaming subscriptions.
The United States has remained the biggest market for recorded music in IFPI history, except in 2010 when Japan topped the list. The largest Asian music market, Japan has always stayed within the top two. The other largest music markets by region include the United Kingdom in Europe, Australia in Oceania, and Brazil in South America.
Big Loud Records and its Canada-based, Dallas Smith-founded imprint Local Hay Records have signed country singer Hailey Benedict. In addition to the record deal, Benedict has also signed a global ...
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.
t. e. The COVID-19 pandemic has had a significant impact on the music industry, mirroring its impacts across all arts sectors. Numerous music events, including music festivals, concert tours, and award shows, have been cancelled or postponed.
The music industry of Asia is an industry in which people sell music-related products to earn money. [1] The business structures of the industry include recorded music, live music, radio broadcasting, and digital and online distribution. [1] The Asian music industry consists of music industry of Central Asia, East Asia, North Asia, South Asia ...