DOWNTOWN DOWNTOWN MMUUSSIICC HHUUBB n n a a l l P P Chola Makgamathe g g Tel: 011 334 7230 Fax: 011 334 8039 n Fax – Email: 086 567 6493 n i
[email protected] i k k r r o o W W EXECUTIVE SUMMARY Introduction "Globalisation is now a fact of international economic life. Open markets, which invariably also impact on cultural industries, including the music sector, will either be a threat or an opportunity to grow our cultural industries exponentially because of the new patterns of production and distribution. Even though cultural goods and services are consumed all over the world, their production is still concentrated in specific regions of the world. There is, consequently, a highly skewed market with an asymmetric structure. But the global trends are irreversible. South Africa has a simple choice: we either adapt to that reality or learn how to create opportunities for ourselves within that environment; or we go under, to the accompaniment of loud protestations and bitter complaints ." Dr Pallo Jordan, Moshito, Johannesburg in 2005 To create global participation platforms for the South African cultural industry, particularly the music sector, in November 2008, the Department of Arts and Culture (“the DAC”), on behalf of the music sector, purchased the historic music recording business Downtown Studios and Fox Street Properties and created the Downtown Music Hub. The mandate of the Hub is to create access and economic opportunities for the music role players, develop musicians, establish state of the art recording, manufacturing and distribution facilities and realign the competitive advantage of the local music sector products in global markets.