Music Industry In Lebanon Case Study
Question 1:
The members in the music industry in Lebanon always tried to accomplish different markets to raise the development level in the Arab world. The music industry has reached an actual growth in Lebanon. This progress is still facing a rejection that is affecting the economic situation of Lebanon. The Lebanese music market is common between Lebanese and international companies. For example,”Anghami” this company serves customers in the Middle East and North Africa. It has a strategic partnership with MBC group; it was founded in 2011 and is based in Jounieh, Lebanon. .Most of the Arab performers has signed copyrights agreements with Anghami since its market share is growing wider. The music industry has been active for involving many …show more content…
However, the national demand is too low due to piracy and a large percentage of potential sales is not achieved which explains these costs. On the other hand, the return on investment is achieved from selling these records in the international market since the popularity of the Lebanese musicians is increasing mainly in the Arab world. In Lebanon the performance of the music industry is due to private sector effort and not to government support. On the contrary, public policy is seen as having a contrary effect on the music industry. Music industry in Lebanon is accepted in the Middle East and in some African countries since there are many Lebanese and Arab immigrants who are living there. The export process of records and CDs appears to be poor and bounded by the low existence of Lebanese manufacturers. Moreover, the Arab music is worldwide spread and performers to related firms and people are benefiting from the increase of international events and …show more content…
Tax rates, political stability, size of the economy and labor skills. Its location at the cross roads of Europe, Africa and Asia, being the starting point to enter the world markets, Lebanon is trying to attract FDI and to use them to gather the greatest possible of project and a further development of Lebanese production sectors.
Tax rate, fair tax system and tax incentive, because the tax rate in Lebanon is classified among the lowest in the world. The Lebanese government wants to strengthen the positive environment for investment by implementing exemptions such as, exemption from land registration, release from the income tax on profit sharing, fees reduction for work and residence permits in Lebanon, ease in obtaining work permit for categories of workers needed to the completion of undertaken projects, reducing building permit fees. Governments have to actively promote their countries as investment locations to attract rare reserved capital and related technology and managerial skills in order to help reach their development goals. They have to increase accepted measures to enable the entry of foreign
The members in the music industry in Lebanon always tried to accomplish different markets to raise the development level in the Arab world. The music industry has reached an actual growth in Lebanon. This progress is still facing a rejection that is affecting the economic situation of Lebanon. The Lebanese music market is common between Lebanese and international companies. For example,”Anghami” this company serves customers in the Middle East and North Africa. It has a strategic partnership with MBC group; it was founded in 2011 and is based in Jounieh, Lebanon. .Most of the Arab performers has signed copyrights agreements with Anghami since its market share is growing wider. The music industry has been active for involving many …show more content…
However, the national demand is too low due to piracy and a large percentage of potential sales is not achieved which explains these costs. On the other hand, the return on investment is achieved from selling these records in the international market since the popularity of the Lebanese musicians is increasing mainly in the Arab world. In Lebanon the performance of the music industry is due to private sector effort and not to government support. On the contrary, public policy is seen as having a contrary effect on the music industry. Music industry in Lebanon is accepted in the Middle East and in some African countries since there are many Lebanese and Arab immigrants who are living there. The export process of records and CDs appears to be poor and bounded by the low existence of Lebanese manufacturers. Moreover, the Arab music is worldwide spread and performers to related firms and people are benefiting from the increase of international events and …show more content…
Tax rates, political stability, size of the economy and labor skills. Its location at the cross roads of Europe, Africa and Asia, being the starting point to enter the world markets, Lebanon is trying to attract FDI and to use them to gather the greatest possible of project and a further development of Lebanese production sectors.
Tax rate, fair tax system and tax incentive, because the tax rate in Lebanon is classified among the lowest in the world. The Lebanese government wants to strengthen the positive environment for investment by implementing exemptions such as, exemption from land registration, release from the income tax on profit sharing, fees reduction for work and residence permits in Lebanon, ease in obtaining work permit for categories of workers needed to the completion of undertaken projects, reducing building permit fees. Governments have to actively promote their countries as investment locations to attract rare reserved capital and related technology and managerial skills in order to help reach their development goals. They have to increase accepted measures to enable the entry of foreign