3 ms·

Ok slight miscalculation, having looked again, by revenue it would be around the size of the 250th largest company, ie the recorded music industry has the same

Ok slight miscalculation, having looked again, by revenue it would be around the size of the 250th largest company, ie the recorded music industry has the same revenues as GAP or Nordstrom. If GAP disappeared overnight, few would be impacted. If all recorded music disappeared overnight, it would be a disaster. Ok piracy then, and free music, but I think there’s a serious crisis in the production of new and innovative music, and it’s indicative that recorded music was a 20th century phenomenon.

smugma 3y ago
Another miscalculation by a factor of ~2: you’re only looking US music revenues. And further: the numbers are only recorded music revenues, which excludes publishing, which accounts for another 20% error (or 40% of your base number). So now we are at Fortune 100 for this arbitrary statistic. More relevant is that music companies’ multiples are higher than ever. 9 figure ($100M+) sales for songwriter/artist catalogs aren’t common but we see several per year for older catalogs like Bob Dylan and newer ones like Bieber and Ryan Tedder (whom many have never even heard of, he’s a songwriter and lead singer of One Republic). Over the past five years, there has been lot of investment flowing into music companies.