Kiwi chart-toppers - including Grammy-winning singer Lorde - helped pump almost half a billion dollars into our economy last year.
And an industry insider is predicting that figure will grow even more in coming years as streaming services move ahead in the battle against piracy.
A PwC report commissioned by licensing and copyright collectives Recorded Music New Zealand and the Australasian Performing Right Association/Australasian Mechanical Copyright Owners Society, and the Government-funded New Zealand Music Commission, found the direct contribution of the music industry last year was $213 million.
When the total impact was added - based on industry-related businesses spending money on other industries and industry employees supporting the wider economy - that figure rose to $472m, up $20m on the previous year's findings.