Together 18 per cent: the music industry ecosystem is growing - figures for the sub-sectors of the music industry now also confirm the overall positive trend in detail

Berlin/Hamburg, 25 November 2024 'The music industry is growing and allowing others to grow' - that is the core message of the study Music Industry 2024. Initial findings on the economic performance and significance of the entire music industry were presented and discussed at the Musikdialog Hamburg in September. The final report of the study, which has now been published, shows that everyone in the music industry is growing together - as the positive trend in the overall figures is reflected in each individual sub-sector. At the same time, the industry is characterised by particularly close integration, which means that successes and risks are shared. For example, cost increases in concert production are leading to higher revenues, but are also putting pressure on smaller music venues and young talent in the live sector. More...