Economic Impact Study
An Economic Impact Study in the music industry assesses the financial contributions and effects of music-related activities on a specific economy. These studies quantify aspects like job creation and GDP contribution. For instance, in 2020, music added $212 billion to the US GDP¹, and supported over 2.5 million jobs².
Sources
Economic Impact Study
An Economic Impact Study in the music industry assesses the financial contributions and effects of music-related activities on a specific economy. These studies quantify aspects like job creation and GDP contribution. For instance, in 2020, music added $212 billion to the US GDP¹, and supported over 2.5 million jobs².
Sources
Economic Impact Study
An Economic Impact Study in the music industry assesses the financial contributions and effects of music-related activities on a specific economy. These studies quantify aspects like job creation and GDP contribution. For instance, in 2020, music added $212 billion to the US GDP¹, and supported over 2.5 million jobs².
Sources
Related News
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UK Music Managers Add £714 Million in Value to the Nation’s Music Industry
For every £1 invested in managers, £8 is generated for the wider sector
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For every £1 invested in managers, £8 is generated for the wider sector
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UK Music Managers Add £714 Million in Value to the Nation’s Music Industry
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Spend reached £6.7bn, as one gig took place every 137 seconds
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LIVE’s Annual Report Signals a Record Year for Live Music in the UK
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