Wednesday, April 15, 2015

Music And The Creative Economy

     What does advertising, architecture, art, craft, design, fashion, film, and music have in common? They are all fields involved in the creative economy. The music business is a combination of companies and individuals that make-up the music industry by creating, making, and selling music. Working in music are musicians, companies and professionals who create and sell music. Also included in music are those who present live music, professionals that assist musicians with their careers, those who broadcast music, journalist, educators, instrument makers, and others. Music as an industry is apart of an economic system known as the creative economy.

     The Commonwealth of Massachusetts gives the definition of the creative economy as "the enterprises and people involved in the production and distribution of goods and services in which the aesthetic, intellectual, and emotional engagement of the consumer gives the product value in the marketplace". The creative economy includes for-profit creative service businesses, nonprofit arts groups, and independent creative businesses.

     Musicians participate in the creative economy by performing in bands, work with groups accompanying dance troupes or musical theaters, working as professional studio musicians, and providing music to churches and other religious institutions. Musicians are also participants in fields such as education and medicine.

     As stated, the creative economy is huge, and music and musicians are well in the thick of it. Students, music is a business, and make sure you understand that! A career in music comes with its ups and downs; feast or famine. You can have a rewarding and enjoyable career in music, but you must plan, practice, and persevere. See you on the bandstand in our creative economy.

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