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In Reply to: RE: music is still alive and I'm not sure the business is "destryed" posted by tunenut on May 26, 2015 at 11:22:51
Compared to the 70's and 80's, live music and the number of record labels and bands on tour being promoted is very much reduced. Same for music education in schools and so are sales of musical instruments.
EDM which is mostly pre-recorded music is huge though, the top 5 EDM acts grossed more than all of live / touring sound / all genres combined last year.
Follow Ups:
Please share!
I suppose Tangerine Dream ain't one of the top 5.
;-)
Thanks!
You made some sweeping statements. I live in southern California and it does not seem to me that "live music" is very much reduced compared to the 1970s.Anyway, I can't check everything, but I thought I would check whether "sales of musical instruments" are "very much reduced."
So I checked the NAMM global report.
And there is a lot of nuanced data. Sales of some instruments are up, sales of others are down. The overall summary begins "The retail value of music products shipped in 2013
advanced 2.1% to $6.81 billion, basically keeping pace
with the tepid growth of the economy. Although 2013
represents the fourth straight year of sales gains, shipments
are still below the pre-financial crisis peak."Of course, DJ equipment is counted as part of musical products. Bottom line, sales seem to be pretty good.
Edits: 05/27/15
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