Have you read TechDirt’s The Sky Is Rising report yet? It’s proves what we at The New Rockstar Philosophy have been saying for years; The music business is doing very well… it just takes some creativity and vision.
For years now, the legacy entertainment industry has been predicting its own demise……What we found is that not only is the sky not falling, as some would have us believe, but it appears that we’re living through an incredible period of abundance and opportunity, with more people producing more content and more money being made than ever before. As it turns out… The Sky Is Rising
The Music Business:
- Ultimately, though, the conclusion should still be that the production of music is growing and, at worst, being vastly under-counted
- Ultimately, while these transaction figures may be somewhat inaccurate (Nielsen SoundScan), the trend of listeners consuming more and more music is still valid.
- From 1999 to 2009, concert ticket sales in the US tripled from $1.5 billion to $4.6 billion, according to Pollstar.
- The music industry is actually positioned to have a wide variety of income streams as more and more people gain increasingly convenient ways to listen to music.