Don’t Mistake Music Industry for Record Industry

May 9, 2007

The record industry is seeing hard times, everbody knows, but actually not the music industry, and not most of the artists.

New figures from eMarketers are showing that again.

emarketer-music.jpg

While CD sales will continue to decline sharply, the music industry as a whole is healthy, and growth in many other areas will more than make up for the shortfall.
The growth will come from online and mobile music, the live concert industry and the licensing of music for public performance, commercials, TV shows, films and video games, according to eMarketer’s report Global Music: Tuning in to New Opportunities.
“The climate for marrying brands to musical artists has never been more favorable,” says Paul Verna, senior analyst and author of the report. “Music remains as vibrant as ever.”

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