A Number-Crunching Look at the Music Industry
Darren Choy, President of the Recording Industry Association of Malaysia (RIM) and Managing Director of Warner Music
We don't think about it but the music industry plays a huge part in generating a country's economy. For Malaysia, the industry contributed between RM5.5 billion and RM6.1 billion to the GDP per year, and as a result created between 75,000 and 83,000 job opportunities per year too. These findings are based on the Economic Impact Study of the Malaysian Music Industry; a first-time study carried out by the Recording Industry Association of Malaysia, in collaboration with PwC. Ezra speaks to RIM President about the findings of this study and what it means for the future of our music industry.
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