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.

The Global Recorded Music Industry Grew By $1.5 Billion in 2020

In spite of a pandemic and lockdowns across the globe the global recorded music industry grew by $1.5 billion in 2020.

Liveurope Study Estimates a 47% Drop In Young Musicians Touring Europe

A Recently Published Study Shows A 47% Year-Over-Year Drop In New Artists Touring Europe

Guitar Center Files For Bankruptcy

America’s largest instrument retailer has filed for bankruptcy.