A new report commissioned by the Irish Music Rights Organisation (IMRO) and produced by Deloitte, has found that the overall contribution of the music industry in Ireland stands at €703 million with employment at over 13,000.
The report underlines the opportunity for further growth in the sector through the development of a National Music Strategy, rooted in four key action areas:
- Coordination & collaboration through the establishment of a cross-Government music grouping to work with a cross sectoral Industry Advisory Panel to address barriers to growth in the sector;
- Concentration on copyright to help ensure a fair return for music creators, crucial at a time when the music copyright landscape has changed utterly as a result of technology and the industry is under threat from the extremely low level of return to writers and performers, from platform services;
- Creative skills development through advanced training and education services that will ensure musicians realise their potential, and that the ‘business of music’ is understood;
- Compensation that is adequate to address income uncertainty associated with work in the creative and cultural industries – perhaps the single greatest barrier faced by entrepreneurs in the sector.
Eleanor McEvoy, Chairperson of IMRO said, "I am pleased to present this report and to further shine a light on our members’ contribution – those music creators who write and perform musical works – to Ireland’s economy. If we are to continue to maintain and grow the success of Ireland’s music industry, and increase its economic and social contribution, now is the time for the development of a National Music Strategy.”
Read full report here.
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