Despite Pandemic, Global Consumer Electronics Revenues Rose 7% in 2020

While most analysts and market intelligence firms predicted significant declines in the first months of the COVID-19 global pandemic, it seems that the global consumer electronics sector did very well, given the circumstances. According to Strategy Analytics latest report Global Consumer Electronics Market Forecasts 2014-2024, consumer electronics revenues rose 7% in 2020, reaching $358.5Bn. Home computers, tablets and games consoles led the way.

The Berklee Institute for Creative Entrepreneurship issued a report on fairness and transparency in the music industry, highlighting the evolution of music in the digital age. The study explores the underlying challenges within the current compensation structure while proposing solutions to improve licensing, revenue transparency and cash flow for musicians.