Israel’s Music Business Has the Ears of the Majors

The estimated $55 million music market in Israel, like the Middle Eastern country’s comparatively small size, would quantify as the equivalent of a rounding error for a global music company. But its recorded music revenue growth was up 10.2% in 2021, per the IFPI, and the majors are taking notice. In 2021, UMG opened a Tel Aviv office housing a recorded music division and an arm of Universal Music Publishing Group (headed by managing director Yoram Mokady and general manager Itamar Shafrir, respectively). Universal Music Israel’s A&R team has hit the ground running, signing local talents like Michael Ben David… Read Full Article