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Creative Industries

German recorded music broke the €2bn mark for the first time since 2002 in 2022

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The music industry in Germany generated €2.07 billion in sales in 2022. It is the first time in 20 years that the 2-billion-euro-mark has been passed. The last time it happened was in 2002 (€2.21bn), according to music trade body BVMI.
The market grew by 6.1% compared to 2021. The vast majority of revenues — 80.3% — came from online sales, with 19.7% from physical sales. Overall, the digital business grew by 11.7% in 2022, while the physical market declined by 11.9%.
By far the strongest market...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

Creative Industries

ORCA report finds indie labels generate ‘tangible value and income for artists’

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A report based on data from nine prominent independent labels found that independent recorded music companies generate "tangible value and income for artists through long-term partnerships and investment." In 2023, the participating labels generated $239 million in revenue, with 33.5% ($79.9m) distributed to artists. That investment supported the careers of 569 artists across genres and geographies.
The report, 'The Economic and Social Impact of Independent Record Labels', commissioned by global...

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Creative Industries

Reservoir Media inks global publishing agreement with US band Say She She

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NASDAQ-listed independent music company Reservoir Media, has signed a global publishing deal with Brooklyn-based band Say She She, comprised of Nya Gazelle Brown, Sabrina Cunningham, and Piya Malik. The deal includes each member of the band’s catalogue, as well as future works.
Say She She, alongside the members of the funk band Orgone, combine elements of disco, soul, funk, pop, and more. The group’s debut album, 'Prism', which was released in 2022. Since then, the band released their second a...

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Creative Industries

A2IM promotes General Manager Lisa Hresko to Chief Operating Officer

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The American Association of Independent Music (A2IM) has promoted General Manager Lisa Hresko to the position of Chief Operating Officer. In addition, Hresko has been appointed as the first President of the Foundation of Independent Music by its board.
A2IM said Hresko has been "pivotal" in the New York-based organisation's growth since 2017. "Over the past eight years, she has helped guide A2IM through a period of growth and transformation, helping to strengthen the organisation’s advocacy pos...

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