ABSTRACT
The employment potential of the cultural and creative industries was emphasized, as was their ability to integrate new technologies. The main focus of the term “cultural economy” is on the economic creation of value through the commercialization of artistic-creative work. The subsumption of less economically relevant artistic and creative activities under the term “cultural economy” enables the application of an analytical perspective that originates from migrant business research and focuses on the interplay of the resources and structural framework conditions of culturally active migrants. Cultural ventures by migrants contribute not only to the local cultural life but also significantly to the creation of economic value. Especially in the field of music, numerous companies, associations, artists, organizers, festivals, and sites have been established in many Western European cities, all of which are commercially relevant in one form or another.
