Mike Masnick of Techdirt has a new study out coinciding with Midem that claims the music industry as a whole is not in a decline at all, rather it is undergoing a renaissance period.
Here are some of the key takeaways:
- Entertainment spending as a function of income went up by 15% from 2000 to 2008
- Employment in the entertainment sector grew by 20% ? with indie artists seeing 43% growth.
- The overall entertainment industry grew 66% from 1998 to 2010.
- The amount of content being produced in music, movies, books and video games is growing at an incredible pace.
For the full study, visit Techdirt.com
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