According to old Wikipedia files; the global music industry generates about $40 billion. $12 billion of that 40 is enjoyed by United States GDP. I’m sure a
huge chunk of this $12 billion comes from exports. These exports could be from online sales, radio/film royalties and shipping of hard copies. The revenue
mediums are quiet vast this days.
Japan is second to the USA.
New records I’m told; stand at $33 billion; globally. I trust with these new figures; USA and Japan’s ratios haven’t changed much; if not improved. Well I
rarely care much of these stats. Ideas make money; which is what matters most.
Well I couldn’t find any stats specific to Africa as a whole. I know South African music industry contributes over R800 m to the SA GDP. It’s so little
compared to what USA and Japan make.
I’m told it’s almost impossible to compile comprehensive stats on the Nigeria scene. Read the rest of this entry »