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Facts & Research

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…
In the first half of 2019, the U.S. recorded music market continued the overall trends and double digit growth rates of 2018. Revenue increases were driven by the number of paid subscriptions exceeding 60 million for the first time. Total revenues grew 18% to $5.4 billion at retail in the…
Stephen Siwek, an expert on determining the economic impact of intellectual property, prepared a report on the music industry’s contribution to the United States economy. 
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.
Major record labels are still focused on what we do best: finding great artists, helping them reach their creative potential, and connecting them to fans. The difference is that we’re embracing new digital tools to do a better job than ever before.

Investing in Music | IFPI, WIN

2014 | Industry Economics

The recording industry is a dynamic and highly creative industry whose work depends on copyright. The core mission of record companies is to discover, nurture and promote artists. Record labels bring together teams with the experience, expertise and dedication to help artists take their music to the widest audience. Record companies are the primary investors in the careers of musicians.
The core copyright industries in the United States—whose primary purposes are to create, produce, distribute or exhibit copyright materials—add significant value to the country’s overall GDP. Copyright industries contribute an increasing number of high-paying jobs, real economic growth and substantial foreign sales and exports, many of which surpass other industry sectors.
Nashville is both the commercial center and the showcase of musical talent, performance and delivery. No other U.S. city is so linked to music production and performance as an identity, and none has as broad a base of genres involved at so many industry levels.
As part of a broader focus on creativity and its role in the community, this study evaluates the relationship between culture, creativity, and economic activity in Austin, TX for the past decade. This paper provides an update to the previous assessments, and documents creative sector issues that emerged from focus groups and individual stakeholder conversations.
In the challenging economy of 2009, the creative sector remained robust in Southern California. The creative economy continued to support one in six jobs in the region, generating an estimated $127 billion in sales revenues and $4.6 billion in state and local tax revenues. It held its place as one of the largest regional business sectors, and was, in fact, the second largest in Los Angeles County.