Facts & Research

Music’s impact is most often seen through culture, connection, and the powerful emotions it stirs. But new research from Secretariat Managing Director Robert Stoner and Director Jéssica Dutra describes the significant financial benefits music drives in communities all across America.

According to this new report reflecting data provided by independent labels, performing rights organizations, independent venues, music museums and other organizations across the US, the music industry is a powerful driver of US economic prosperity and growth that contributes $212 billion to the GDP (5.7% annually from 2017-2020) and accounts for 2.5 million jobs. The report’s detailed state-by-state breakdown provides an even sharper window into how recorded music is an economic engine rippling through the broader ecosystem from venues, festivals, brick-and-mortar stores, digital platforms to artists, songwriters and music schools, among others.

Source: Robert Stoner and Jéssica Dutra, Secretariat

Download the full report here.
Website here.