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1、Music in the EU 2024MUSIC IN THE EUA GLOBAL OPPORTUNITY2O24directly generated or invested by record companiesleads to an additional1.8 GDPcontribution in other parts of the music sector value chainEvery 1ForewordMUSIC IN THE EU:A GLOBAL OPPORTUNITYThe EU music market has long stood as a leader in th

2、e global music landscape.From the great classics of Beethoven and Mozart to the pop phenomenon of ABBA,from the electronic innovation of Daft Punk to the catchy Schlager of Helene Fischer,and from the glam rock revival of Mneskin,the electrifying French hip-hop of Ninho to the captivating flamenco p

3、op fusion of Rosala,the European Union(EU)boasts a rich musical history that has thrilled and delighted music fans worldwide for generations and helped to maintain Europes place on the global cultural map.Europe remains a leader today.Fans have extraordinary choice in the abundance of diverse music

4、they can enjoy from within their own countries and globally.Local artists are benefitting from the growing breadth of opportunities to connect with fans across Europe and around the world.Powered by the work,investment and passion of record labels and their partnership with incredible European artis

5、ts,Europes music market continues to evolve.Music works like an ecosystem one that includes everyone from artists and songwriters to producers and managers,labels,publishers,digital music services and beyond.Like any vibrant ecosystem,music thrives when its in balance as resources are recirculated,o

6、r reinvested,within it.European music companies of all types from record labels and music publishers to DSPs and music managers.European music companies are an important*Based on The Economic Impact of Music in Europe report produced by Oxford Economics,2020.THE WORK AND INVESTMENT OF RECORD COMPANI