Electronic music business value declines due to the pandemic but a strong recovery could be on the way for late 2021 and 2022.

The electronic music business value dropped by 54% due to the pandemic but there were signs of growth in the recorded music sector.

COVID can’t kill the music: Music streaming revenues grew to $10 billion+

After a difficult year for so many reasons, we do at least have something to smile about looking back at 2020 as music saw immense growth that – if anything – was aided by the pandemic.