What is the entire music industry actually worth?
Such a seemingly simple question went without an answer for years until Will Page, Spotify's Director of Economics, previously published a landmark analysis via Music Business Worldwide.
Now Page is back to present his latest analysis covering the calendar year 2016, which you can read right here.
The reason this number-crunching takes time to emerge is exactly what differentiates it from any other work: Page brings together complex revenue sources for all rights-holders in the relevant year – from labels to publishers and collective management organisations (CMOs).
The headline stat: in 2016, the combined publishing and recorded music industry grew by US$1.5B, up significantly on the sub-billion-dollar rise seen in the prior year... (MBW)