Taskforce needed to develop music industry

Opportunities for developing Ireland’s music industry that contributes almost half a billion euro to the economy and supports more than 11,500 jobs are outlined in a major report published yesterday.

It says there are significant job creation, export, commercial and educational opportunities that can be opened up for the country’s indigenous music industry if the right support structures can be put in place.

However, the report by Deloitte and commissioned by the Irish Music Rights Organisation also reveals that while digital sales have grown significantly in the four years to 2012, recorded music sales fell by almost €40m from €72m to €33m per annum.