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by tedpower
4571 days ago
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One thing that has always surprised me is just how small the entire music industry is. The entire recorded music industry was $16.5 billion in 2012 (According to the IFPI). To put that in perspective...
- $364b: The TV industry (2009)
- $557b: Our spending on the war in Afghanistan
- $523b: The amount the world spends on beer each year (excluding other types of booze) The point here is that the cultural value of recorded music is (I believe) not reflected in it's market footprint. For better or for worse (mostly for better I think) music is cheap. |
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