Harmony X Collective · Research & Data

THE DATA
DOESN'T LIE.

"Music itself is inclusive — so why isn't the industry?"Jessica Entner, JEM Music · via Little Black Book

The following research draws from market analysis, industry surveys, and original data collected by HXC founder Messielia Bangura as part of her 2023 graduate thesis at Berklee College of Music — supplemented with current 2024–2025 data. The case for cultural competence in music isn't ideological. It's economic, operational, and more urgent than ever.

THE MUSIC
MARKET
TODAY

The global music industry just recorded its tenth consecutive year of revenue growth. As it expands into Latin America, sub-Saharan Africa, the Middle East, and Asia — the demand for genuine cultural fluency has never been higher. The market is global. The knowledge to navigate it responsibly is not keeping pace.

$29.6B
Global recorded music revenues in 2024 — the industry's 10th consecutive year of growth
IFPI Global Music Report · 2025
752M
Paid music streaming subscribers worldwide as of end of 2024, up 10.6% year-over-year
IFPI Global Music Report · 2025
+22%
Revenue growth in Latin America, sub-Saharan Africa, and MENA in 2024 — all markets rooted in non-Western cultures
IFPI Global Music Report · 2025
0
Companies offering dedicated cross-cultural strategy and cultural competence consulting exclusively for the global music industry
Market Research · 2025

THE GREAT
RETREAT

Since January 2025, corporate DEI across the United States has undergone an unprecedented rollback. President Trump's executive orders ended all federal diversity programs and created seismic pressure across the private sector. Major companies — from Meta and Amazon to Target and Google — have cut DEI teams, removed language from websites, and rebranded departments entirely.

But what the headlines miss: companies aren't abandoning the need for cultural intelligence. They're abandoning the checkbox. In music — where cultural fluency is the product — that distinction matters enormously.

68%
Decline in use of the word "DEI" in S&P 500 corporate filings, 2024 vs. 2025
The Conference Board · August 2025
1 in 5
Companies have scrapped their DEI programs entirely since Trump's reelection
Resume.org via USA Today · 2025
80%
Of companies that changed DEI policies still uphold commitments to "inclusion," "belonging," or "accessibility" — the need doesn't disappear, the language does
Gravity Research · 2025

HXC Is Not Corporate DEI

Cross-cultural music strategy is not a diversity checkbox. It is not a compliance program. It is the business intelligence that determines whether a global artist, label, or brand thrives in an interconnected world — or becomes the next cautionary tale.

What companies are walking away from is generic, reactive, compliance-driven DE&I with no industry context. What HXC offers is proactive, music-specific cultural competence — the kind that prevents a K-pop label from making international headlines for the wrong reasons, helps a U.S. artist respectfully enter a new market, and gives music businesses the tools to build lasting global trust. No executive order changes any of that.

THE COST
OF
INACTION

The political climate has shifted. The financial reality has not. Cultural missteps in music still produce the same losses — to revenue, reputation, and creative relationships. And with the fastest-growing music markets now in Africa, Latin America, and the Middle East, the stakes of cultural illiteracy are only rising.

$1.05T
Left on the table annually by U.S. companies that fail to prioritize inclusion
Accenture · 2020
$14.1B
Current value of the global D&I market in 2024 — projected to reach $27.1B by 2030 despite rollbacks
Global Industry Analysts · 2025
19%
Higher revenue reported by companies with diverse management teams versus less-diverse counterparts
U.S. Bureau of Labor Statistics
20pts
Perception gap between how included leaders think employees feel versus what employees actually report
Accenture · 2020

The retreat has a cost, too. Target publicly acknowledged during a 2025 earnings call that rolling back its DEI efforts hurt customer engagement. The share of S&P 500 companies linking executive compensation to DEI metrics fell from 68% in 2024 to 35% in 2025 — not because diversity stopped mattering to consumers, but because political risk recalibrated corporate priorities. In music, where fans vote with streams, ticket purchases, and cultural loyalty, that miscalculation has immediate consequences.

30
MUSIC INDUSTRY PROFESSIONALS SURVEYED
In 2023, HXC founder Messielia Bangura conducted original qualitative and quantitative research with 30 music industry professionals across roles, backgrounds, and career stages — assessing the real state of cultural awareness and accountability in music. The findings were unambiguous.

VOICES
FROM
THE FIELD

What do music industry professionals actually think about cultural awareness, accountability, and inclusion in their industry? These are not answers from a general workforce survey. They come from practitioners inside the world HXC was built to serve — and they point clearly to a gap that no executive order can close.

86.2%
Believe the music industry should be utilizing more DE&I initiatives
HXC Original Research · 2023
82.8%
Believe there is a lack of cultural awareness in the global music industry
HXC Original Research · 2023
89.7%
Do not believe company bottom lines are more important than cultural awareness in music
HXC Original Research · 2023
93.1%
Understand why communities are offended by cultural appropriation in music
HXC Original Research · 2023
82.7%
Would attend a training or seminar to learn about cultural sensitivity in the music industry
HXC Original Research · 2023
60.7%
Do not believe the music industry is sensitive to the various cultures it portrays
HXC Original Research · 2023

WHY IT
MATTERS.

With the global music market at $29.6B and its fastest-growing regions rooted in non-Western cultures — Latin America, sub-Saharan Africa, the Middle East, and East and Southeast Asia — the cost of cultural illiteracy has never been higher.

Audiences are not passive. Today's music consumers are deeply culturally literate, and they reward authenticity. When an artist, label, or brand engages a culture with genuine understanding, fans invest — in streams, in tickets, in loyalty. When they don't, they notice. Cultural missteps don't just generate bad press; they erode the trust that makes music resonate in the first place.

Authentic representation — in sound, in image, in narrative — is what makes music travel. When artists and brands approach culture with real knowledge and genuine respect, they don't just avoid harm. They build the kind of fan relationships that sustain careers.

© 2026 THE HARMONYXCOLLECTIVE | MTWNTYSIX CO. ALL RIGHTS RESERVED.  ·  TERMS ·  PRIVACY

Harmony X Collective · Research & Data

THE DATA
DOESN'T LIE.

"Music itself is inclusive — so why isn't the industry?"Jessica Entner, JEM Music · via Little Black Book

The following research draws from market analysis, industry surveys, and original data collected by HXC founder Messielia Bangura — supplemented with current 2024–2025 data. The case for cultural competence in music is economic, operational, and more urgent than ever.

THE MUSIC MARKET TODAY

The global music industry just recorded its tenth consecutive year of revenue growth. As it expands into Africa, Latin America, the Middle East, and East and Southeast Asia, the demand for cultural fluency has never been higher.

$29.6B
Global recorded music revenues in 2024 — the industry's 10th consecutive year of growth
IFPI Global Music Report · 2025
752M
Paid streaming subscribers worldwide at end of 2024, up 10.6% year-over-year
IFPI Global Music Report · 2025
+22%
Revenue growth in Latin America, sub-Saharan Africa, and MENA in 2024 — all non-Western culture markets
IFPI Global Music Report · 2025
0
Companies offering dedicated cross-cultural music strategy consulting for the global music industry
Market Research · 2025

THE GREAT RETREAT

Since January 2025, corporate DEI has undergone an unprecedented rollback. President Trump's executive orders ended all federal diversity programs and created seismic pressure on the private sector. Major companies cut DEI teams, removed language from websites, and rebranded departments.

But companies aren't abandoning the need for cultural intelligence. They're abandoning the checkbox. In music — where cultural fluency is the product — that distinction matters enormously.

68%
Decline in use of "DEI" in S&P 500 corporate filings, 2024 vs. 2025
The Conference Board · August 2025
1 in 5
Companies have scrapped their DEI programs entirely since Trump's reelection
Resume.org via USA Today · 2025
80%
Of companies that changed DEI policies still uphold commitments to "inclusion," "belonging," or "accessibility"
Gravity Research · 2025
HXC Is Not Corporate DEI

Cross-cultural music strategy is not a diversity checkbox. It is the business intelligence that determines whether a global artist, label, or brand thrives — or becomes the next cautionary tale.

What companies are walking away from is generic, reactive, compliance-driven DE&I with no industry context. What HXC offers is proactive, music-specific cultural competence. No executive order changes any of that.

THE COST OF INACTION

The political climate has shifted. The financial reality has not. Cultural missteps still produce the same losses — and with the fastest-growing music markets in Africa, Latin America, and the Middle East, the stakes are only rising.

$1.05T
Left on table by U.S. companies failing to prioritize inclusion
Accenture · 2020
$14.1B
Global D&I market value in 2024 — projected $27.1B by 2030
GIA · 2025
19%
Higher revenue at companies with diverse management teams
U.S. BLS
20pts
Gap between leadership perception and employee reality on inclusion
Accenture · 2020

The retreat has a cost, too. Target acknowledged in 2025 that rolling back DEI hurt customer engagement. S&P 500 companies linking executive pay to DEI metrics fell from 68% to 35% in one year. In music, fans vote with streams and loyalty — and they notice.

30
MUSIC INDUSTRY PROFESSIONALS SURVEYED

In 2023, HXC founder Messielia Bangura conducted original research with 30 music industry professionals to assess the real state of cultural awareness and accountability in music. In a landscape where institutional DEI is retreating, independent research like this matters more than ever.

VOICES FROM THE FIELD

What do music industry professionals think about cultural awareness and accountability? These answers come from practitioners inside the world HXC was built to serve.

86.2%
Believe music should utilize more DE&I initiatives
HXC Research · 2023
82.8%
Believe there's a lack of cultural awareness in global music
HXC Research · 2023
89.7%
Don't believe bottom lines trump cultural awareness
HXC Research · 2023
93.1%
Understand why communities are offended by cultural appropriation
HXC Research · 2023
82.7%
Would attend a seminar on cultural sensitivity in music
HXC Research · 2023
60.7%
Don't believe music is sensitive to the cultures it portrays
HXC Research · 2023

WHY IT MATTERS.

With the global music market at $29.6B and its fastest-growing regions rooted in non-Western cultures — Latin America, sub-Saharan Africa, the Middle East, and East and Southeast Asia — the cost of cultural illiteracy has never been higher.

Audiences are not passive. Today's music consumers are deeply culturally literate, and they reward authenticity. When an artist, label, or brand engages a culture with genuine understanding, fans invest — in streams, in tickets, in loyalty. When they don't, they notice. Cultural missteps don't just generate bad press; they erode the trust that makes music resonate in the first place.

Authentic representation — in sound, in image, in narrative — is what makes music travel. When artists and brands approach culture with real knowledge and genuine respect, they don't just avoid harm. They build the kind of fan relationships that sustain careers.

Explore Our Services