Facts & Research
ALL MUSIC FACTS2024 | Industry Economics
The U.S. Music Industries: Jobs & Benefits | Economists Incorporated
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. The report finds that the music industry creates $143 billion annually in value when both direct and indirect effects are included, and supports 1.9 million American jobs across a wide range of professions.
Source: Stephen E. Siwek, Economists Incorporated
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