Midia warns recorded music recovery depends on wider economy

Last month, we reported on research published by Goldman Sachs predicting that global music industry revenues would drop by 25% this year due to the Covid-19 pandemic. Those figures included a 75% plummet for live music revenues, and a slowdown in growth for recorded music (to 3%) and music publishing (3.5%). Yesterday, we reported on Kobalt CEO […]

Midia Research thinks we’re in a ‘song economy’ now

Consultancy firm Midia Research has published an interesting blog post triggered by the curious (and highly lucrative) afterlife of Journey’s ‘Don’t Stop Believin’’ through TV shows and now streaming playlists. Toto’s ‘Africa’ and Mariah Carey’s ‘All I Want For Christmas Is You’ are also under the microscope. “The three songs illustrate the development of the song economy,” […]

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