Music Financing Is Down 38.1% In 2012
Looks like 2011 may have been a bit ‘frothy’ for music, to use some VC-speak. Which basically describes a funding climate in which a lot of money is flowing, often on ill-researched, speculative bets. That certainly describes the crash-and-burn Beyond Oblivion, which couldn’t even burn through its $77 million before imploding last Christmas. That grandiose meltdown helped to put year-to-date financing a massive 38.1 percent below the 2011 mark.
And, for additional kicks, here’s a graph of all funding levels, starting in 2011.