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.
In spite of a pandemic and lockdowns across the globe the global recorded music industry grew by $1.5 billion in 2020.
A Recently Published Study Shows A 47% Year-Over-Year Drop In New Artists Touring Europe
America’s largest instrument retailer has filed for bankruptcy.