Facts & Research
ALL MUSIC FACTS2024 | Industry Economics
Investing in Music: The Value of Record Companies | IFPI
Did you know that record companies are the biggest investors in music, spending more than $4.5 billion on discovering and marketing in 2015? Read on to learn about labels’ global investment in discovering, nurturing and promoting today’s most popular artists.
Source: International Federation of the Phonographic Industry (IFPI)
Related Research
The U.S. Music Industries: Jobs & Benefits | Economists Incorporated
2021 | Industry Economics
Robert Stoner and Jéssica Dutra of Economists Inc. prepared a report on the music industry’s contribution to the United States economy. The report finds the music industry creates $170 billion in value annually to U.S. GDP, supports 2.47 million jobs across a wide range of professions, and accounts for $9.08 billion in export sales. Revenues in the music industry are found to have a 1.5x