A report published today finds that the Irish music industry supports 9,000 direct jobs, and contributes almost half a billion to the Irish economy.
Research commissioned by the Irish Music Rights Organisation (IMRO) and carried out by Deloitte has says that an additional 2,480 jobs are supported by the industry.
It also suggests that there are significant job creation, export, commercial and educational opportunities that could be better exploited if the correct support structures are put in place.
The group is calling for a new music industry task force - with input from the government - to further boost its contribution to tourism and jobs.
IMRO says that despite the positive outlook, challenges do remain as more fans turn to illegal downloads.
While digital sales in Ireland have grown significantly, latest figures show that in the four years to 2012, recorded music sales fell by almost €40 million from €72 million to €33 million per annum.
A survey of IMRO members, which includes artists, label representatives, publishers, songwriters, management companies, retail and broadcast personnel raised a number of concerns about the industry.
Based on this input, report outlines a number of recommendations, including:
- The establishment of a Music Industry Taskforce, with representatives from Government, the business community and industry to help reinvigorate the sector and encourage collaboration;
- Appointing an IP ‘Tsar’ to consider the impact of IP and copyright legislation and enforcement in both the music and technology industries;
- The development of advanced training courses for music professionals to focus on ‘business of music’ education, particularly for early career musicians;
- Establishing a Music Office – Music Ireland – to act as a focal point for the music industry, similar to the Irish Film Board. This office would provide assistance to individuals in the music sector and those looking to enter new overseas markets; Greater collaboration between the music, tourism, gaming and technology sectors;
- Greater support for musicians, many of whom are self-employed, in accessing finance and ensuring that fiscal supports are effective and appropriately structured.
Victor Finn, CEO of IMRO discussed the report with Newstalk Lunchtime.
Addressing the issue of changing music consumption patterns, he welcomed a move away from illegal downloading and towards paid-for subscription streaming services. He also highlights the strength of Ireland's live music scene.
Commenting on the report, Minister for Arts, Culture and the Gaeltacht Heather Humphreys TD said: Ireland’s rich musical heritage is a very important element of our image on the international stage and it acts as a major draw for tourists."
He adds: "I look forward to working further with the music industry as my Department develops our first even national cultural policy; Culture 2025. I am very keen to get the views and input of the music industry and stakeholders across the arts."
Originally posted at 13.08