A new white paper presented today a Midem, Techdirt founder Mike Masnick heralds a very different present and future for the music and entrainment industries than the doom and gloom often presented in the mainstream media. Combining statistics from a number of sources, “The Sky Is Rising” shows that:
- 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.
Techdirt created this graphic representation of their findings: