global music industry

The global music industry involves creating, producing, distributing, and promoting music worldwide. It includes artists, record labels, streaming platforms, concert promoters, and more. Digital technology has transformed how people access music, shifting from physical sales to streaming services like Spotify and Apple Music. Revenue is generated through sales, licensing, live performances, and merchandise. The industry is dynamic, influenced by cultural trends and technological advances, and plays a key role in entertainment and cultural exchange globally. While it offers economic opportunities, it also faces challenges like piracy, copyright issues, and fair compensation for artists.