Beijing’s music industry to be worth $17bn by 2025
The local government in Beijing wants the city to become an “international music capital” by 2025, with plans for venue builds and music tech innovation
News By | 6 January 2020
The Beijing municipal government has unveiled plans to position the city as an “international music capital”, aiming for revenue from the Chinese capital’s music and related industries to reach ¥120 billion (US$17.2bn) by 2025.
The city, which generated ¥60bn, or $8.6bn, from its music industry in 2017 according to government officials, is to become the “global centre of Chinese music”.
The proposal calls for Beijing to build more small-sized live music venues, offer artists better copyright protections and increase development of…
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