Detroit has long been known as a center of both the automotive and music industries. While the former is still struggling to regain its footing, the latter still booms. A report released this week values the Detroit music industry as a $1.1 billion business.
According to a statement from Anderson Economic Group, who performed the study, “The Detroit area music industry has a great brand and legacy that spans decades. In the study, we found that our great music tradition not only continues, but directly or indirectly employs over 7,000 and contributes $170 million in worker earnings to the local economy.”
On top of its roots as the home of Motown Records, Iggy Pop, and The MC5, Alice Cooper, and Bob Seger, Detroit has seen exports like Eminem, Big Sean, The White Stripes, Kid Rock, and Danny Brown.
Let’s not discuss Ted Nugent. Hasn’t Detroit been through enough?
Instead focus, as NME did here, on a lot of great new acts coming from the Motor City.
MLive culled some additional data from the report:
-The metro area is home to 486 music-related businesses as well as over 400 bars, parks, restaurants, and other performance spaces. The report estimates indicate that there are between 40,000 and 50,000 live music days per year in the area.
-Higher education institutions in the metro area have awarded more than 3,000 degrees in music business, theory, composition, and performance in the past decade.
Continue reading ‘Music Business: The Pride Of Detroit’