Music industry

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The music industry consists of individuals and companies who earn money, sell goods and services related to music.

CEEMID used the three income streams model presented in subchapter 3.3 of the Central European Music Industry Report 2020, which is essentially a value chain based model that was developed in the United States[1] and adopted by the European Commission’s Joint Research Centre[2] for European creative and cultural industries for policy purposes. We made minor adaptations in the three-income model for applicability in Central Europe and created survey programmes to estimate the strength of demand and the actual income in the three main streams.

The current classification of economic activities, NACE, does not define the music industry, therefore government statistical services do not have ready-made economic indicators about it. The activities of the music industry are spread over several rather distinct classes of the NACE nomenclature, and the presentation of the economic activities, such as turnover, employment, number of enterprises, gross value added or taxes paid requires an adequate mapping from various subsectors of the industry.

  1. Hull, Geoffrey P., Thomas W. Hutchison, Richard Strasser, and Geoffrey P. Hull. 2011. The Music Business and Recording Industry Delivering Music in the 21st Century. New York: Routledge
  2. Leurdijk, Adnra, and Nieuwenhuis Ottilie. 2012. Statistical, Ecosystems and Competitiveness Analysis of the Media and Content Industries. The Music Industry. 25277 EN. Edited by Jean Paul Simon. Luxembourg: Publications Office of the European Union, 2012: Joint Research Centre Institute for Prospective Technological Studies (IPTS).