The Entertainment Industry Is Large & Growing… Not Shrinking http://t.co/mTpfHe2C
Actually this is no surprise. The traditional players – RIAA and MPAA – keep complaining about how their “industry” is shrinking, but in fact:
This all points to the fact that what is happening within the industry is not a challenge of a business getting smaller — quite the opposite. It’s about the challenge of an industry getting larger, but doing so in ways that route around the existing structures.
The industry is getting bigger, but recorded music on round discs isn’t. The film and TV business is getting bigger but not through the MPAA’s member studios. Remember these are lobby groups for legacy businesses, not representative of the modern industry.
This is a great study.
Some of the key points:
- Entertainment spending as a function of income went up by 15% from 2000 to 2008
- Employment in the entertainment sector grew by 20% — with indie artists seeing 43% growth.
- The overall entertainment industry grew 66% from 1998 to 2010.
- The amount of content being produced in music, movies, books and video games is growing at an incredible pace.
Read it for the conclusions and methodology and continue to resist the dinosaurs approach to protection: they don’t need SOPA/PIPA/ACTA or any of the other attempts to kill innovation to protect legacy business that do not represent any creative artist.