Davies added that government regulations and policies geared towards boosting the industry will go a long way to keep artistes in business even after they stop singing or their death. “Where structures to support are lacking, it becomes almost impossible to leverage and the music economy,” he said. In his words: “If people don’t have the buying power there’s no way they can harness market on the digital space. Balogun said music business should be taken seriously as any other business that keeps financial goals in perspective. Also, there should be structured educational plans for people to understand the music economy,” he added.

Source: The Guardian February 07, 2019 03:22 UTC