Music Inc. Magazine’s Post

What factors contribute to the #significantgrowth of the global music event market? The global #musiceventmarket witnesses substantial growth driven by a surge in #livemusicperformances, a crucial source of income for #musicians amidst declining recorded music sales #worldwide. The #highdemand for #musicevents, especially among the #youth population, becomes a key factor propelling the #significant expansion of the global music event market. Click to know more : https://lnkd.in/duP4YVkF Key Market Players: Colin Cowie Lifestyle, Outback Presents, Eventbrite., Rafanelli Events, BCD Group, Carlson. #AMR #MusicEventMarket #LiveMusicPerformances #GlobalMusicIndustry #RecordedMusicDecline #ArtistLivelihood #YouthDemands #Concerts #MusicShows #EventGrowth #EntertainmentIndustry #MusicTrends #LivePerformances #MusicalExperiences #YouthCulture #ArtisticExpression #MusicConcerts #MusicianLife #MusicEvents.

Did you know? Interesting Facts The global sports industry is a massive economic force, significantly outpacing the music industry in size and revenue. Sports Industry Revenue: Nearly $484 billion in 2023, expected to grow to $651 billion by 2028. Music Industry Revenue: Approximately $26 billion in 2022. That means the sports industry is almost 19 times bigger than the music industry! 🌟 Stay tuned for more fascinating comparisons in my "Did you know?" series. #SportsIndustry #MusicIndustry #DidYouKnow #IndustryComparison #EconomicPowerhouse RUSHMANS

Very interesting read on the new B2B landscape in the brands world!

Hosting your concert, showcase, or event around your music brand is a great way to get your community engaged offline. You get to connect with them and shake hands with people who’d love to support you. For example, let’s say a local emerging artist in your town starts a monthly event series. They get sponsors to cover the upfront costs and get 70 of their biggest supporters to come and pay $20 to see them perform. That would amount to $1,400 per event and $16,800 annually. Another idea is hosting a small concert and inviting other local musicians to play alongside yourself. This may take a lot of time and resources but it’s definitely worth it if you execute right. Not only do you get to play in front of your own fans but you get a chance to cross-brand with your counterparts and their communities. Overall there many different types of events you can produce both big and small. If you plan to tour (if you’re not already) this a good way to get your feet wet and get active in your local community. #musician #musicmarketing #musicindustry #musiclicensing

It's all about getting the right Connections.

BLACK BUSINESS SPOTLIGHT: Pete Rhodes III's Black Music America (BMA Networks) BMA Networks, a prominent Minneapolis-based black-owned interactive music and entertainment service, engages consumers via digital and broadband cable on Comcast channel 937. Black Music America, the network, reaches over 500,000 cable subscribers across Minnesota and western Wisconsin and various social media platforms. The channel showcases black culture, business, music artists, and exclusive shows and offers industry training, education, and career opportunities. #BlackOwned #blackownedbusiness #blackownedbusinesses  #SupportBlackBusinessMN #BuyBlackMN #CommunitySupport #BuyBlackMinneapolis #BuyBlackSaintPaul #SuportBlackBusiness #BlackOwnedMN #LocalEconomy #ShopBlackMN #InvestInBlackBusinesses #EmpowerBlackEntrepreneurs #MinnesotaBlackBusiness #RacialJusticeMN #EconomicEmpowerment #SupportLocalBlackOwned #MNBizSupport #BlackExcellenceMN #ShopSmallMN #FairEconomicOpportunity #MinnesotaEntrepreneurs #EqualityInBusiness #MinorityOwnedMN #CommunityEconomicEmpowermentMN

Music industry folks and musicians — what was your biggest take away from releasing music or touring this year? Was it easier or harder to get traction? Have you noticed an implosion of the music press? #musicians #musicindustry #musicbusiness #recordlabels

Some good insights on how Event Organisers are delivering additional value at events.

📄Gosh - Those contracts 🤯 Killing us, right?! But they are there to keep us 'alive' 🌼 Now there is a Super easy (and cheap!) way to create a contract by yourself whether you are a band, booker, festival, venue or crew🦸♀️ Check out Fair Play Music Contracts who we had onboard last month for our talk on how to optimize the communication in our dear industry ****Any questions directed to Fair Play Music Contracts will be answered by a lawyer from the music industry!

Registering with a Performance Rights Organization (PRO) is crucial for independent music creatives as it allows them to collect performance royalties from live shows and radio play. This ensures that they receive compensation for their music being played publicly, helping them sustain their careers and continue creating music. By registering with a PRO, independent artists can protect their rights and receive fair compensation for their creative work. #IndependentMusic #MusicCreators #PerformanceRoyalties #PRORegistration #MusicIndustry #IndependentArtists #MusicBusiness #RoyaltyCollection #MusicCareer #CreativeRights