Right now, there is more money in the music industry than ever! Yes, it’s true right now there is money floating around inside the industry than ever. It’s so much that several financial people consider it a financial bubble. So where is it you ask if you work as a musician or in a record company?
Of course, this is floating around in IT companies. In the past years, it has become trendy to invest in IT companies that contain music. Of course, the majority of these companies are start-ups with really no clear or good business structure. Let’s take a look at the second Swedish music wonder.
The first Swedish music wonder was in the 80’s 90’s and beginning in 2000. Here you have many songwriters and artists that made Sweden famous as a creative country with good musicians and songwriters. You have a bunch of cool artists that you know are Swedish beyond ABBA like The Hives, The Cardigans, Eagle Eye Cherry, Avicii, Europe, Ace of Base, Roxette, Ghost, In Flames the list just goes on and on. But at the end of the 90’s, the Swedish government made a decision that would change this wave into what is called the second Swedish music wonder.