Who’s Investing in Music?
Many major labels report that only 10% to 20% of their investments in new artists are profitable. That means that 80% to 90% of the time, major record labels loose money.
To make matters worse, the recorded music industry overall is experiencing a significant decline, shrinking from $35 billion in revenues in 2001 down to $25 billion in 2013 globally.
That makes it tougher for labels to justify investments in new artists. So what to do? Watch this fascinating MIDEM panel that discusses investments in music and who’s investing in music these days.