New Tools Reveal Music Industry's Secret Strength
If you believe everything you read, the music industry is swirling the financial drain. There’s always some new study or article that purports to show how business is much worse than it’s ever been. But every industry goes through changes at some point and either evolves or dies. Why should the music industry be any different?
The fact of the matter is that if you combine the global revenue from recorded music, licensing, publishing, merchandise and touring, 2012 was better than ever for the music business as a whole, with over $67 billion in global revenue. That said, revenue for the recorded music business slipped about .3% last year, according to the International Federation of Phonograph Industry (IFPI).
But there are some bright signs even in the recorded music part of the business. Take Adele, for instance. Read more on Forbes.
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