Abstract:

This article provides a sketch of the main features of the global macro-economy of music followed by comments on World Music and its relation to the macro-economy. The article contains key financial data of the worldwide music industry in 2006 and an estimate of the royalty flows between global regions. The corporate structures of the major international music companies are analysed. The main characteristics of World Music as a ‘genre-market’ and as a sub-set of the global music industry are discussed.

Author: Dave Laing