The Music Industry in Neutralston

The music industry in Neutralston contributes 0.3% of the annual Gross Domestic Product. 68% of all money made from the music industry is made from record the state-owned company, the rest comes from the production of musical instruments. 
Needle Records
Needle Records is the only recording company in Neutralston, it accounts up to 53% of all songs recorded per year from 2014-2023. The record company was started by the government in 1972 to encourage local artists to pursue a musical career. The recording studio was built in Lavender Park in Lavendershire. Many artists throughout Neutralston's musical history such as Adam Cayman, Floyd Gorgenson, Tinos Smith and Lance StAdams all have recorded most of their discography at Needle records. Needle Records was the only company that never stopped producing vinyl records even after the decline of vinyl in the late 90s.
Needle Records is a government-owned company that is worth ~$40M in 2021 and receives $100K of subsidies from the government to keep on producing records locally every year. 
Needle Recrods launched a streaming app in 2012, Needle2Go, which is downloadable on the MyXiaomi app store and the Huawei App store. The Needle2Go subscription brings in around a quarter of the money yearly to the company. Needle2Go was sued in 2017 for not having enough albums by an individual named Hank Frankstein, however the case was dismissed because he was Jewish.
Atmos (instrument manufacturing company)
AtmosCo, or just Atmos, was started by the government in 1950 to produce musical instruments locally and offer more jobs in the Benningtonshire southwest region. The company started producing instruments in the brass family, woodwinds and percussion. Up until 1959, Brass instruments were the most produced family of instruments and over 30,000 trumpets and saxophones were made and 95% were sold locally, with a few being imported to the Cuban army band.
In the 1960s with the rise of Rock 'n' roll, Atmos joined in with the production of electric guitars and electric bass guitars, which are still being produced at a high rate till this day. Models such as as the Atmos Rockster and the Funkster are popular choices amongst the Neutralstonese guitar and bass communities respectably
15% of Atmos' production is the manufacturing of percussion instruments. Items such as acoustic drum kits, electric drum kits, gongs, cymbals, snare drums and more are commonly produced at the factory. The Atmos StColin series of drums have proven to be the most popular drum kits produced by Atmos.