Israel’s Music Business Has the Ears of the Majors
Shirley Halperin Executive Editor, MusicThe 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).