CD Report
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General
The purpose of this study, which was commissioned by the Music Board of Ireland, was to establish the economic importance of the Irish music industry, through:
providing an overview of the structure of the industry, identifying the elements of the industry which contribute most to the economy and employment;
establishing the magnitude of Irish musicians' earnings on the domestic and export markets;
establishing the value added and employment generated throughout the industry as a whole, including that of the entities such as record companies and music publishers, that support the activities of music artists; and
evaluating the wider economic importance of the music industry in terms of its contribution to other sectors of the economy such as overseas tourism and inward investment.
Detailed research and surveys were undertaken to elicit details of music artists' incomes and to measure value added and employment in the support sector of the industry, that is in the record companies, music publishers and other parts of the industry that help bring the creative output of music artists to the market.
The study focused on the creative elements of the music industry. As a result, the estimate of industry value added (and employment) does not include that occurring in the record retailing sector or in the operation of music venues. This results in a conservative estimate of value added and employment in the industry.
Value Added and Employment in the Irish Music Industry
The size of the Irish music industry in terms of value added in 2001 was some 478.4m. Of this, 268m or 56 per cent represents the earned income of recording artists who have earnings from record sales as well as live performances, while a further 144.6m or 30.3 per cent is due to the activities of performance artists...