The Music Industry and its Role in the Global Economy
The Music Industry and its Role in the Global Economy

Author(s): Dobroslav Mollov
Subject(s): Economy, Fine Arts / Performing Arts, Music, Supranational / Global Economy, Socio-Economic Research, Sociology of Art
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: global music industry; recording industry; International Federation of the Phonographic Industry; global economy
Summary/Abstract: The paper presents the essence and structure of the music industry, analyzes its current state and outlines the latest trends in its development. The thesis is argued that this industry has a global character and is significant for the global economy. The annual report of the International Federation of the Phonographic Industry is presented and analyzed. Example of a leading company operating in the global music industry is also presented. The paper ends by outlining and commenting on some future trends in the evolution of this industry.

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