{"id":80941,"date":"2020-03-11T04:00:00","date_gmt":"2020-03-11T08:00:00","guid":{"rendered":"https:\/\/www.noticel.com\/?post_type=article&#038;p=80941"},"modified":"2025-07-16T10:04:08","modified_gmt":"2025-07-16T10:04:08","slug":"the-sweet-sounds-of-music-as-an-economic-export","status":"publish","type":"post","link":"https:\/\/noticel.com\/en\/opiniones\/20200311\/the-sweet-sounds-of-music-as-an-economic-export\/","title":{"rendered":"The sweet sounds of music as an economic export"},"content":{"rendered":"<h3>From the Publisher&#8217;s desk.<\/h3>\n<p>Over the last 20 years, Latin music has increasingly gained popularity. Ricky Martin\u2019s \u201cLivin\u2019 la Vida Loca\u201d became one of the best-selling singles of all time and helped begin the <a href=\"https:\/\/www.nytimes.com\/2003\/05\/20\/arts\/crossover-star-tries-crossing-back-ricky-martin-returns-to-his-latin-roots.html\" id=\"link-2a2978f6239620784ffa9f18680a3d9e\" target=\"_blank\">Latin pop explosion<\/a> of the late 90s. Then in 2004, Daddy Yankee\u2019s \u201cGasolina\u201d brought an international breakthrough of reggaet\u00f3n music. Thirteen years later, Latin artists continued to gain popularity as Daddy Yankee charted again with his feature in Luis Fonsi\u2019s 2017 \u201cDespacito.\u201d<\/p>\n<p>To this day, Puerto Rican artists are continuing to make history and achieve global success with Bad Bunny among <a href=\"https:\/\/noticel.com\/en\/pop-\/musica\/bad-bunny-entre-los-cinco-cantantes-mas-escuchados-de-2019\/1147873688\/\" id=\"link-ee19ad5ad763901101d8830c60151cf3\" target=\"_blank\">the five most listened to singers in 2019<\/a>, and thanks to streaming platforms, this growth likely won\u2019t stop any time soon. Just in the first two months of 2020, Bad Bunny has already become this year\u2019s artist with the most streams on Spotify in one day. We have also already seen Puerto Rican artists performing at one of the most-watched events in American television at the Super Bowl half time show and witnessed Puerto Rican artists winning both \u201cRemix Of The Year\u201d and \u201cNew Artist Male\u201d at the Premio Lo Nuestro in Miami.<\/p>\n<p>The tale of the tape? In about five years, Bad Bunny went from aspiring urban singer packing groceries to winning coveted awards and appearing at the Super Bowl\u2019s halftime show alongside Shakira, Jennifer L\u00f3pez and J Balvin.<\/p>\n<p>With Latin music revenues showing the <a href=\"https:\/\/www.ifpi.org\/news\/IFPI-GLOBAL-MUSIC-REPORT-2019&amp;lang=en\" id=\"link-96c708ff7e7d70a31ddfba32d71338c7\" target=\"_blank\">fastest growth in the global music industry<\/a>, it\u2019s an interesting time to start considering music as an economic export. Right now, pharmaceuticals and rum account for <a href=\"https:\/\/tradingeconomics.com\/puerto-rico\/exports\" id=\"link-2790fdc3fe024daf8c6cf320322acc96\" target=\"_blank\">over 50 percent<\/a> of the island\u2019s exports, but where would these stand if exporting music was worked into the economy?<\/p>\n<p>Music as an export is not a new concept. In fact, South Korea\u2019s boyband BTS is worth <a href=\"https:\/\/nypost.com\/2018\/12\/18\/k-pop-band-bts-brings-3-6-billion-a-year-to-south-korea\/\" id=\"link-339cff995583d772b2fb85d8a835d293\" target=\"_blank\">more than $3.6 billion to the country\u2019s economy every year<\/a>, and experts estimate their economic value over the next 10 years at $37 billion. BTS\u2019 global success is not the only thing they have in common with Puerto Rican artists, though. The boyband\u2019s songs are mostly sung in Korean, not English, like Fonsi and Bad Bunny whose top hits are in Spanish. This shows a new shift in the music industry, where for a very long time only English-speaking music dominated the global music culture.<\/p><div class=\"notic-content-middle\" id=\"notic-176155039\"><a data-no-instant=\"1\" href=\"https:\/\/grupocolongerena.com\/wendys?utm_source=noticel&#038;utm_medium=banner&#038;utm_campaign=wendys_double_wow_sostenimiento&#038;utm_term=noticel&#038;utm_content=300x250\" rel=\"noopener\" class=\"a2t-link\" target=\"_blank\" aria-label=\"300X250-DoubleWOW\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.noticel.com\/2026\/06\/16191228\/300X250-DoubleWOW.gif\" alt=\"\"  width=\"300\" height=\"250\"   \/><\/a><\/div>\n<p>Like we\u2019ve seen over the past 20 years, Puerto Rican artists have made worldwide impact with the help of streaming platforms that support global reach. This transformation of the music industry is an opportunity for Puerto Rico to reshape its economy and realize its potential with the help of creative industries.<\/p>\n<p>The idea of implementing strategies to maximize the potential of creative industries is not new, but there is still likely more that can be done. To start, determining the needs and challenges of creative industries and paying close attention to their contribution to the economy. This economic sector can be further developed through the implementation of laws and incentives that will encourage entrepreneurship and innovation, as well as provide more access to capital and financing. This method of developing local companies that can compete globally will give back to the island in more ways than one.<\/p>\n<p>Which creative industry do you predict Puerto Rico will have a global impact on in this next decade like it did with music in the decades past?<\/p>\n<p>*Mark E. Curry is a leading entrepreneur, philanthropist and impact investor. Curry founded SOL Partners in Puerto Rico in 2012, and in January 2017 completed acquisition of NotiCel.\u00a0 As Chair of the <a href=\"\/en\/mecff.org\/\" id=\"link-82452c47560074a5b7811f1a5fa38aaa\" target=\"_blank\">Mark E. Curry Family Foundation<\/a><em id=\"emphasis-e4a22b0d0fd194b4f105ccc889225ca2\">, he invests in critical community charitable organizations.<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>From the Publisher&#8217;s desk. Over the last 20 years, Latin music has increasingly gained popularity. Ricky Martin\u2019s \u201cLivin\u2019 la Vida Loca\u201d became one of the best-selling singles of all time and helped begin the Latin pop explosion of the late 90s. Then in 2004, Daddy Yankee\u2019s \u201cGasolina\u201d brought an international breakthrough of reggaet\u00f3n music. Thirteen [&hellip;]<\/p>","protected":false},"author":0,"featured_media":430789,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"ep_exclude_from_search":false,"footnotes":""},"categories":[48],"tags":[],"class_list":["post-80941","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opiniones"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/noticel.com\/en\/wp-json\/wp\/v2\/posts\/80941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noticel.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noticel.com\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/noticel.com\/en\/wp-json\/wp\/v2\/comments?post=80941"}],"version-history":[{"count":1,"href":"https:\/\/noticel.com\/en\/wp-json\/wp\/v2\/posts\/80941\/revisions"}],"predecessor-version":[{"id":430796,"href":"https:\/\/noticel.com\/en\/wp-json\/wp\/v2\/posts\/80941\/revisions\/430796"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noticel.com\/en\/wp-json\/wp\/v2\/media\/430789"}],"wp:attachment":[{"href":"https:\/\/noticel.com\/en\/wp-json\/wp\/v2\/media?parent=80941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noticel.com\/en\/wp-json\/wp\/v2\/categories?post=80941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noticel.com\/en\/wp-json\/wp\/v2\/tags?post=80941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}