NYC Music Industry Study
New York, New York
New York City Mayor’s Office of Media & Entertainment
Boston Consulting Group
NYC Mayor's Office of Media and Entertainment
For the Mayor's Office of Media and Entertainment, Urbanomics, in collaboration with Boston Consulting Group, prepared economic research and analysis of New York City's music industry, including a detailed analysis of the size, dynamics, and impacts of the music industry. Urbanomics identified and assessed the size of 80 industry sub-sectors within the music industry.
For purposes of modeling long-term economic impacts, employment, revenue, and establishment data were collected for all related music sub-sector industries over the past 15 years. The multiplier effect of each sub-sector on the music industry as a whole was modeled using the Implan economic impacts model for each of the City's five boroughs. Long-term economic trends for the music industry's most significant sub-sector industries were analyzed against other major centers of the nation's music industry including Nashville, Chicago, Los Angeles, Seattle, Austin and San Francisco.