Investors are pouring millions of dollars into new country music artists, independent labels, and production of upcoming talent in Nashville with overwhelming success. Billboard author Ken Tucker predicts the rise of the independent country label to superstar status in the next two years. During a recent week in November, a full third of all the songs listed in Billboard's Hot Country Songs chart were from independent labels. This was unheard of even 5 years ago.
With over $13 billion dollars spent on an ever increasing music market last year, and the stock market at its highest level in history, investors have poured over $3 trillion dollars in the entertainment industry. Country music continues to lead the markets with investors finding more and more acts at younger ages to put their money into. The number of country music listeners has grown in major metropolitan areas during this past year from 21% to 26% according to the Country Music Association. Country music leads all other genres of music and has since 1992 (fourteen years).
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9 months ago