How much is the music industry really worth

How Much Is the Music Industry Really Worth? Try $168 Billion...

The recording industry has been fractionalized over the past decade. The touring sector suffered its worst decline ever last year. And music publishers are struggling to keep things flat.

So how is the broader music industry somehow worth $168 billion? The answer comes from a broader list of music-related sectors, including those tied to consumer electronics, radio advertising, and musical instruments.          

Take a look at this 2010 estimate from global trade group IFPI, which pegs the figure at $167.7 billion, with radio advertising squarely in the lead (larger graph here).  Recognize this business?  

 167.7 Billion? Really? When all of this is sorted out in facts, it's really not that hot for the record industry or radio. Globally , the record industry is down from 16 billion in 2009 to 6.4 billion in 2011. Radio is scrambling to hold onto its market share and is losing ground fast. Yes, the digital age is here and it's swallowing up all its competition.

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