Music Financing Is Down 38.1% In 2012

Music Financing Is Down 38.1% In 2012
0 comments, 12/04/2012, by , in News

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.

 
012:

$83.25 million

 
011:

$134.4 million

 

The Difference:

- 38.1%

 

And, for additional kicks, here’s a graph of all funding levels, starting in 2011.

 

About IAmNotARapperiSpit.com

Creator: IAmNotARapperiSpit.com; Owner: iSpitMarketing & Consulting Solutions; CEO: Monkeybread Multimedia Conglomerate, Sporty Marketing Firm & Temp Agency. Marketing Director: Star & BucWild Enterprises Visionary | Philanthropist | Innovator @King_Spit

Leave a Reply