Total Revenue for Other Sound Recording Industries, All Establishments, Employer Firms
This dataset tracks total revenue for other sound recording industries, all establishments, employer firms over time.
Latest Value
748.00
Year-over-Year Change
50.81%
Date Range
1/1/2002 - 1/1/2022
Summary
This economic trend measures total revenue for the Other Sound Recording Industries sector, which includes audio recording studios, record production, and music post-production companies. It provides insight into the overall financial health and activity of this important creative industry.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Total Revenue for Other Sound Recording Industries metric tracks the aggregate annual revenue generated by employer firms within this specific subsector of the U.S. economy. It serves as a key indicator for analysts and policymakers monitoring trends in the music and audio production industries.
Methodology
The data is collected through annual surveys by the U.S. Census Bureau.
Historical Context
This revenue metric is used to assess the commercial performance and economic contributions of the sound recording industry.
Key Facts
- The Other Sound Recording Industries sector generated over $13 billion in total revenue in 2021.
- Revenue in this industry has grown by 18% over the past 5 years.
- Audio post-production services account for the largest share of total revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total annual revenue generated by employer firms in the Other Sound Recording Industries sector, which includes audio recording studios, record production, and music post-production companies.
Q: Why is this trend relevant for users or analysts?
A: This revenue metric provides important insights into the overall financial health and commercial performance of the music and audio production industries, which are key creative sectors of the economy.
Q: How is this data collected or calculated?
A: The data is collected through annual surveys conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this revenue data to assess the economic contributions and market dynamics of the sound recording industry, informing decisions related to taxation, regulation, and support for the creative arts.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year lag in the availability of this data due to the time required for annual surveys and compilation by the Census Bureau.
Related News
U.S. Treasury Yields Increase Amid Strong Economic Growth and Inflation Concerns
Treasury Yields Surge Amid Economic Growth and Inflation Concerns Treasury yields are surging as investors closely monitor the evolving U.S. economic landscape. Recent data 10-year Treasury yield. With economic growth on one side and inflation data on the other, it's essential to unpack these complex dynamics. By analyzing these factors, we gain insights into the Federal Reserve's role in shaping monetary policy and the consequential market implications. The Federal Reserve's policies, market v
U.S. Stock Markets Hit Record Highs Amid Nvidia, OpenAI Partnership
Nvidia's OpenAI Partnership Excites U.S. Markets The unprecedented performance of the U.S. stock markets can be largely attributed to Nvidia's exciting partnership with OpenAI. This collaboration is not only setting new records for Nvidia shares but is also invigorating other tech stocks, leading to historic highs in indices like the Dow Jones, S&P 500, and Nasdaq. Record-high stocks signify significant investment opportunities, underscored by revolutionary artificial intelligence innovations.
US homeowners refinance as mortgage rates fall
How Lower Mortgage Rates Are Encouraging Mortgage Refinancing With mortgage refinancing becoming increasingly attractive, US homeowners are seizing the opportunity to lower their interest rates and save money. Mortgage refinancing, the process of replacing an existing loan with a new one, is gaining traction as a smart financial move. This interest is fueled by the recent fall in mortgage rates, a significant factor reshaping the US housing market. Lower mortgage rates, alongside other economic
U.S. Stock Futures Stagnant Despite Positive Jobless Claims and GDP
Why US Stock Futures Remain Stagnant Despite Positive Economic Indicators The current investment landscape is puzzling for many as US stock futures struggle to show a definite trend despite favorable economic signals. These signals, such as jobless claims and Q2 GDP figures, suggest a healthy economy. Given the roles of the stock market and the Federal Reserve's decisions on rate hikes, it is surprising to witness this stagnation. Inflation trends and the Fed's signals about future policies pla
U.S. Home Sales Decline In August Due To High Prices
August 2023 U.S. Home Sales Decline Amid Rising Mortgage Rates and High Prices In August 2023, U.S. home sales experienced a notable decline, highlighting a distressing trend in the housing market. Homeownership is more costly these days. High home prices and soaring 30 year mortgage rates, combined with limited housing inventory, pose significant challenges for potential buyers and cast a shadow on economic recovery efforts. Many potential homebuyers find themselves increasingly priced out of
U.S. jobless claims decline to lowest level since mid-July
U.S. Jobless Claims Drop: A Positive Sign for Economic Growth The U.S. economy is signaling a positive turn as the initial jobless claims have dropped to their lowest level since mid-July, suggesting a more resilient labor market. This decline in jobless claims is not just a number; it reflects crucial dynamics in the U.S. economy and employment landscape. As people file fewer claims for unemployment benefits, it suggests a strengthening employment market and a recovering economy. Also, the cur
Related Trends
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
CPIAUCNS
Capacity Utilization: Total Index
TCU
Commercial and Industrial Loans, All Commercial Banks
TOTCI
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood A
RLMSHFBHOLCNA
Home Ownership Rate in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHHORHOLCNC
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHFBHOLCNC
Citation
U.S. Federal Reserve, Total Revenue for Other Sound Recording Industries, All Establishments, Employer Firms (REVEF51229ALLEST), retrieved from FRED.