A Deep Analysis Of Global Copyright Value Offers Suprising News
Spotify's director of Economics has done some number crunching, and his finding is that the transactional value of international copyrights is exploding.
By External Source
What is the entire music industry actually worth?
Such a seemingly simple question went without an answer for years until Will Page, Spotify's Director of Economics, previously published a landmark analysis via Music Business Worldwide.
Now Page is back to present his latest analysis covering the calendar year 2016, which you can read right here.
The reason this number-crunching takes time to emerge is exactly what differentiates it from any other work: Page brings together complex revenue sources for all rights-holders in the relevant year – from labels to publishers and collective management organisations (CMOs).
The headline stat: in 2016, the combined publishing and recorded music industry grew by US$1.5B, up significantly on the sub-billion-dollar rise seen in the prior year... (MBW)