Music Canada and CONNECT Music Licensing release new research report, Supporting Artist Entrepreneurs in the Evolving Music Economy
To help enable sustainable careers for artist entrepreneurs, Music Canada and CONNECT Music Licensing have released a new research report, titled Supporting Artist Entrepreneurs in the Evolving Music Economy.
The report summarizes the findings of a national research study of more than 300 artist entrepreneurs, conducted by Music Canada and CONNECT. The study shows that a lack of business and entrepreneurial training, as well as gaps in understanding of music sector structures, are key barriers to success for artists.
“Too often overlooked in economic development conversations, artists are a remarkable segment of Canadian entrepreneurs who contribute to both the economic and cultural fabric of our society, and help create jobs for themselves and others in the Canadian music economy,” says Sarah Hashem, Music Canada’s Vice President, Strategic Initiatives. “According to the COVID-19 Artist Impact Survey we conducted with CONNECT earlier this year, each artist creates an average of 3.7 jobs. However, a gap exists in entrepreneurial support and training available to artists.”
The report identifies artists’ key business needs within an evolving music economy, outlines industry-wide strategies to promote artists’ business success, and makes recommendations that can be applied by government and artist-serving organizations to better support artists in sustaining their livelihoods through music.
“Artist entrepreneurs represent more than 90% of CONNECT’s members, and the great majority of the creative middle class,” says Catherine Jones, Executive Director of CONNECT Music Licensing. “Like entrepreneurs in other fields, artists are creative, they are risk-takers, and they are job-creators. By supporting them with training and resources, we can help empower more artists to achieve their goals and earn a sustainable career.”
Music Canada and CONNECT have begun addressing some of the gaps with initiatives such as the Industry Insider Video Series. We hope the report can inspire artists serving organizations and government agencies to incorporate entrepreneurship and business resources in their artist support offerings.
