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Analysis of market trends and gaps in funding needs for the music sector
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Analysis of market trends and gaps in funding needs for the music sector

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The European music sector is rich and diverse but faces many challenges. The EU has a key role to play if it wants to support a competitive, diverse and sustainable music sector, which is challenged by 1) concentration trends in the recorded and in the live music sub-sectors; 2) the fast-evolving consumptions habits and; 3) decreasing funding for core musical institutions. The music sector has painfully re-structured after the digital shift, but it remains fragile and requires tailored measures in order to strive in a competitive global music market. Whilst some support schemes exist at different levels of governments – from local to national and European – they fall short in terms of complementarity. Current European funding is only partially aligned with the strategic needs of the sector. This study investigates possible EU action to address some of these gaps and calls for more appropriate funding and support mechanisms by proposing concrete proposals for actions.
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