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The music industry is a time-honoured and valuable sector that focuses on music. It includes composing, writing, recording, creating, distributing, and selling music. It also incorporates the organisations and specialists associated with this process. Likewise, it consists of supporting, training, representing and supplying music creators. Additionally, it includes music label production, publishing, and sound engineering. Also, it consists of retail, promotion, venue organisation and talent scouting. The sector is often considered part of the entertainment, leisure, and hobby industries. The reason for this is the popularity of music to entertain and spend leisure time. It is also a segment with links to various sectors. For example, it has links to the electronics, miscellaneous and education segments. It also has links to publishing, broadcasting, the electrical industry and engineering. Thus, it is a high-value sector. For example, some leading record labels and companies have earned EUR 10 340 000 000 in recent years. The industry frequently implements innovations and presents new wares. This aids it in maintaining its competitive position. These occur once every two years. This ensures that the sector remains up-to-date on the latest trends.