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A look at the current state of the Indian music industry
FirstpostHow closely does the music industry guard its trade secrets? Well, if you want the entire Global Music Report, published by the International Federation of the Phonographic Industry, which represents the record industry worldwide, you’d have to shell out £15,000, or almost Rs15 lakh. Sanyal was among those who shared how their market fared and because of this we know that the nation’s recorded music market grew by 20.3% to $219 million or approximately Rs 1,620 crore. The India data for the GMR is submitted by national trade body the Indian Music Industry, which has, thankfully, published at least some of the information used in that report in the public domain. Around the same time, the IFPI puts out the GMR, accounting firm Ernst & Young and the Federation of Indian Chambers of Commerce and Industry publish their annual Media and Entertainment Report, which provides us with an alternative take on the health of India’s music industry.
History of this topic
Fair play, fair pay: The Indian music industry and royalties
The Hindu)
All About Music: Here are some intriguing statistics about India's music industry, 2021 edition
Firstpost
How digitization saved India’s music industry from covid-19
Live MintDiscover Related
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