Music industry revenue breakdown. Recorded music revenues grew 46.

Music industry revenue breakdown The heart of the industry, artists create the music that drives the entire ecosystem. and BMG Rights Management are the major companies operating in this market. Mar 18, 2014 · Digital downloads accounted for 40% of U. 4 billion to the music industry with streaming profits accounted for over 75% of the overall revenue for the entire recorded music industry (Hernandez). 1988 – $16. According to the Recording Industry Association of America, over 70,000 different albums were released by the middle of the year, recorded music revenues had reached $4. 3 billion in revenue. 0% to nearly half of all revenue, driven by paid streaming Latin America shows highest regional growth for fourth consecutive year Asia and Australasia second-largest region for physical and digital formats combined The global recorded music market grew by 9. 1. For over a decade UK Music has been publishing an annual analysis of the music industry and its economic impact. Midia breaks out its estimates for major record company revenues, reporting that Universal Music Group added more annual recorded music revenue in 2022 than the other two majors (Sony Music Group and Warner Music Group). 39 billion. 2. Share of recorded music industry revenues worldwide in 2023, by segment. 72 billion in 2019, according to the NMPA presentation. The Music Publishing Market is expected to reach USD 7. One thing people often don’t understand about this data: IFPI calculates global commercial annual data for the business in USD at the exchange rates of the latest year (for example, in the Global Music Report 2024, its data was for 2023). AI tools accounted for 18% of digital music sales in 2023 (Source: MIDiA Research). Current industrial structure of the Jamaican music industry 23 G. 4 billion U. Sep 26, 2024 · Music industry All in all, the South Korean music industry achieved an all-time high sales revenue of around 11 trillion South Korean won in 2022, as well as an export value of about 927. 6% revenue increase to $4. It provides a summary of findings from 28 SUPPORT REQUESTED 29 LEARNING PRIORITIES 30 Introduction The African music industry continues Mar 22, 2022 · The UK music industry grew at a slightly slower rate than the global average, with revenues up 12. Photo Credit: IFPI IFPI-Identified Recorded Music Industry Revenue Growth by Region, 2022 and 2023. A comprehensive analysis of Spotify’s strengths, weaknesses, opportunities, and threats highlights its position in the music streaming industry. Digital revenues have increased steadily over the past few years and streaming continued to be the dominant format globally, accounting for 67. To date, I’ve made money from the music business in 21 different ways and counting (though I probably don't represent the average artist since I'm into media creation and business). Recorded music revenues grew in every region around the world in 2021. ’ Andrea Czapary Martin, CEO, PRS for Music, looks at the future for CMOs and sees collaboration and partnerships as the only option, with silos and the status quo simply unviable in an increasingly connected and rapidly evolving world… Oct 7, 2024 · Recorded music industry revenue in the United States from 2009 to 2023 (in billion U. U. But where do most artists earn the bulk of their income? What Music Market Analysis. Consumers have increasingly used convenient online music streaming services like Spotify and Apple Music to listen to their favorite artists, but less-than-lucrative royalty rates have limited publishers' ability to properly monetize these platforms. This is the definitive source of revenue data for the recorded music industry in the United States. dollars. 2% to reach $28. But the growth didn't stop there! According to the latest IFPI Global Music Report, global recorded music revenues continued to climb in 2023, rising by an impressive 10. Streaming services like Spotify, Amazon Music, and Apple Music made up 84% of the total industry revenue. Here’s a breakdown of its main players: 1. Mar 22, 2016 · With streaming services racking up a recorded $2. Each year the IFPI issues refreshed data about the recorded music industry via its Global Music Report. 1 billion in 2020. 9 billion. 1% to $5 billion, representing 19. , purchases of downloads or CDs) and might reduce overall revenues. 69 billion during 2022’s opening half, according to the Recording Industry Association of America (RIAA) – a figure that reflects comparatively Mar 22, 2024 · According IFPI, the music industry bottomed out in 2014, when revenue was at a 20-year low of $13. This category includes paid subscription services like Spotify, Apple Music, and Amazon Music Unlimited, ad-supported on-demand Mar 26, 2024 · Recorded music industry revenue topped $17 billion in the U. and Canada: 5% in 2022, 7. 8% to £1. 3 billion, and comprised 84% of revenues in 2022. Which mean producers, bands and artists get a much smaller percentage of that revenue. Subscription revenues influenced by AI algorithms grew by 28% in 2023 (Source: Deloitte). 8% per year. 1 billion won from July through September. The number of paid subscriptions to on-demand music services surged past 92 million, showcasing the continued appetite for music. 7 billion. All major formats of music grew versus the prior year with the exception of digital downloads. REVENUE BREAKDOWN BY WORK AREA 17 REVENUE BREAKDOWN BY ROLE 21 REVENUE BREAKDOWN BY GENRE 23 KEY MARKETING CHANNELS 25 AMOUNT EARNED VS TIME AND MONEY INVESTED 26 LOYALTY TO REVENUE STREAMS RSFAM project. 5%) and then New York Jan 1, 2024 · How the Music Industry Works in 10 Key Parts . Oct 23, 2023 · Digital music revenues comprised 89% of the U. 7% year-over-year (YoY) improvement, according to the resource. Elsewhere in the market, revenues from physical music formats reached $1. 1% in first half 2022 to a new pinnacle of 7. 4 billion, marking the 17th consecutive year of growth for the vinyl format in the US. 32 billion in 2025, and is expected to reach USD 50. 1 billion from $1. Streaming accounts for 84% of US music industry revenue (IFPI, RIAA) In the US, the reliance the music industry has on music streaming services is even more pronounced. recorded music industry revenue by year, 2021 May 29, 2024 · In 2023, the total revenue of the recorded music industry amounted to 28. 20 billion by 2030, at a CAGR of 8. November 3, 2022 A daily briefing on what matters in the music industry. The chart below shows a breakdown of all 2020 revenues by format: Mar 26, 2024 · Ad-supported services contributed 11% of total 2023 recorded music revenues. An extended version of the report including detailed data and analysis of recorded music revenues at national, regional and global level. 22 billion by 2030. Opportunities for creative partnerships 24 V. 5% in first half 2023. FIGURE 2. Music industry revenues 21 F. 3 percent from the prior year and represented 65 percent of total income, up from Dec 20, 2020 · The global music industry is going through a period of transformation. According to a study from 2020 on the global revenue generated by the music publishing industry, the revenue has steadily increased since 2016, from 4. This diversified approach helps them maintain profitability even as the music industry continues to evolve. 87% to reach USD 10. 0 million the prior year. Jun 20, 2023 · The global music industry’s revenue increased from $45. It’s not always clear where to draw the line when sizing the music industry. Premium Statistic Worldwide music tour gross revenues 2011-2023 Jun 1, 2016 · On-demand streaming services that rely on subscription fees or advertising as a revenue source (e. At wholesale value revenues grew 5% and exceeded $10 billion for the first time ever. 1% in 2020 as the COVID-19 pandemic impacted public performance revenues, interrupting more than a decade of continuous growth in this sector. Sony Music Publishing LLC , Universal Music Publishing Group , Warner/Chappell Music Inc. Artists and Musicians. 0 million in 2022, versus 84. S, music industry revenue, it’s becoming harder to argue against this bold assertion. According to the breakdown, 2020 music revenue finished Sep 21, 2022 · The U. Nov 9, 2024 · This statistic displays the music industry revenue distribution in the United Kingdom (UK) in 2016, broken down by source. Total revenues grew 8% to a record high $17. The music industry has reached a new level of internationalization. 3% of global recorded music revenues after increasing by 10. The 7 most-common revenue streams for musicians are as follows: Touring/Live Shows; Merch ; Music Publishing; Sync Deals Streaming music grew to 85% of the market by value, compared with 80% the prior year. Nov 8, 2023 · In the ever-changing world of music, 2022 marked yet another milestone. Dec 29, 2020 · Spread the love 3 3SharesThere are many ways to make money in the music industry. 4% Read IFPI’s State of the Industry here Explore the report online at our microsite here The global recorded music market grew by 7. Global streaming revenues increased 20%, to $13. In this blog post, we'll take a closer look at the evolving landscape of music industry Dec 4, 2024 · Key Players in the Music Industry. 1 billion at estimated retail value. music sales and streaming In 2021, recorded music revenues in the United States grew 23% to $15. And within the category, vinyl revenue experienced a Recorded music revenues grew 46. Sep 18, 2024 · The global music industry continues to evolve, with streaming services dominating revenue sources in 2023. expanding and diverse range of digital services has proved its worth, with digital revenue continuing to drive growth in the industry. Sep 10, 2024 · Diving directly into that inaugural breakdown of the European Union music industry, the aforementioned revenue total represents an 8. Latin music’s share of overall U. FIGURE 1. The Global Pandemic Impact on Music Publishing Market 3. 5 billion in 2012 to an estimated $59. 0 billion. 6 billion, and music Recorded music revenues in the U. 4% in 2020, the sixth consecutive year of growth, according to IFPI, the organisation that represents the recorded music industry worldwide. Analysis of Government Schemes and Initiatives For Music Publishing Industry 2. 9. Mar 5, 2021 · Washington, D. Here is a breakdown of the 2022 revenue streams: ‍ Oct 20, 2023 · Digital music revenues comprised 89% of the U. 2 billion to the global music industry in 2023 (Source: Statista). Linkages with other sectors in the NSI 19 D. Latin music revenues increased 15% to a record high of $627 million. , 2016 ). Surprisingly, within that, performance collections grew 7. Discover all Mar 21, 2024 · Global music sales grew for the ninth consecutive year in 2023, with recorded music revenues increasing in every market and region, and across almost all formats, according to the Mar 30, 2024 · Two barometers of the U. 2 billion in 2022. 48 billion in 2020. 2 billion at estimated retail value. 4% to $10. The music industry is accustomed to constant change. It provides a summary of findings from 28 SUPPORT REQUESTED 29 LEARNING PRIORITIES 30 Introduction The African music industry continues May 29, 2024 · Music industry revenue in the U. 6 billion. 6 billion U. There were differences in trends between Q1 and Q2 of 2020, as retail store closures, tour cancellations, and other impacts of Covid-19 affected the music industry in many significant ways. Mar 22, 2022 · Back to the IFPI’s breakdown for 2021, however, the text indicates that overall streaming revenue improved by 24. Over 229 million people globally subscribe to a streaming service (Washenko) and it is estimated that by 2022 the number of global paid music Dec 10, 2024 · Globally, 67% of total music industry revenue comes directly from music streaming platforms. Revenues increased in every region. This marks the ninth consecutive Nov 22, 2024 · Analysis reveals that total global music industry revenues have seen a yearly average decline of 1. 9 billion last year. 8… REVENUE BREAKDOWN BY WORK AREA 17 REVENUE BREAKDOWN BY ROLE 21 REVENUE BREAKDOWN BY GENRE 23 KEY MARKETING CHANNELS 25 AMOUNT EARNED VS TIME AND MONEY INVESTED 26 LOYALTY TO REVENUE STREAMS RSFAM project. C. per the breakdown. Record Labels. 5$ 70$ 36$ 60$ 35. 3bn, according to the BPI - but it remains the third biggest music market in the world Jan 29, 2013 · Spotify Business Model Analysis - Download as a PDF or view online for free World&wide&Music&Industry&Revenue& 80$ 36. This is Music 2023 is the latest iteration of a series of reports that started back in December 2013, with the rather perfunctory named The Economic Contribution of the Core UK Music Industry. It includes the most complete and reliable picture of global recorded music revenues sourced directly from our record company members worldwide and verified using our global network of country level national group members. Dec 18, 2024 · In fact, the industry has been flourishing in recent years, as both live music, as well as recorded music, especially through streaming, record increasing revenues year over year. music industry’s revenue in 2022. The music industry works through a network of partnerships between companies and individuals on the music creation side (singers, songwriters, and producers), the customer-facing side (streaming platforms, venues and public performance platforms like radio) and the business side, connecting the two Mar 22, 2022 · Revenues from physical format sales rose 16. 0 billion, more than $9 billion less than 15 years earlier, when physical music sales alone had Oct 31, 2024 · Regarding music industry GDP’s percentage of each state’s total gross domestic product, Tennessee took the uppermost position with 1. 5$ 50$ 40$ 35$ 30$ 34. 7% in 2018, the fourth consecutive […] Analysis ‘The world is not going to stand still while the industry struggles with protectionism or pride. Music publishers have remained at the center of a long-term transition over the past five years. Figures released today in IFPI’s Global […] Sep 30, 2024 · Despite predicting over $100 billion in 2024 music industry revenue, Goldman Sachs has pointed to a streaming slowdown in major markets. Revenues from vinyl records grew 1 0 % to $1. 6 billion, and music streaming revenues reached $3. NSI AND THE MUSIC INDUSTRY 26 A recent study exploring the global music industry found that revenues from live music events grew by 25 percent in 2023, reaching over 33 billion U. recorded music revenues grew from 7. Digital and customized radio music revenues grew 8% to $1. 10. S. 945 billion in 2019. 2% in 2020 to $12. The broad definition will include not only the actual customer’s expenses (on concert tickets, streaming subscriptions and so on) and B2B licensing cash flows, but also ad-revenues of radio and other music-related media. 2 billion in worldwide recorded music industry revenue derived from streaming – up from roughly 65. We raise our global music industry revenue forecasts following . 1 billion. Worldwide Streaming Revenues. Physical is the Apr 2, 2019 · Global Recorded Music Revenues Grow 9. The Music Market size is estimated at USD 33. Sep 24, 2019 · In 2018 alone, streaming contributed over $3. 9 Aug 1, 2022 · This book-chapter explores the effects of digitalisation on the music industries, and in particular the artists, looking at how revenue streams from recorded music has changed due to streaming and Mar 21, 2023 · According to the resource, 67% of the aforesaid $26. Fortunately, through the years the groundwork that has been . Sep 23, 2019 · Streaming services now account for 75% of total music industry revenue. 7% Total streaming revenues grew 34. g. Music Publishing Market Trade Analysis 2. Tom Cunningham, a VP at Pariveda Solutions, a consulting firm dedicated to solving complex technology and business problems, focuses on predictive analysis in the music industry. Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 This was the ninth consecutive year of global growth. However, India’s massive film industry still plays an outsized role in the music business — with 80% of the country’s music revenue reportedly generated by soundtracks for Bollywood films In 2022, the recorded music industry generated $26. B. 4 billion. In the period from 1999 to 2014, the decline was steeper, averaging 2. This remarkable growth can be attributed to various shifts in the music industry over the past half-century. Sales of CDs increased for the first time this millennium and vinyl revenues shot up 51%. Oct 7, 2024 · Share of recorded music industry revenues worldwide in 2023, by segment. dollars in the same year. Here is the year-by-year breakdown of the global music industry’s annual revenue: Annual global music industry revenue over time Nov 25, 2024 · 1. United States recorded music revenues grew 9. approached $15 billion in 2021 amid double-digit streaming, vinyl, and even CD growth, per the RIAA. in 2023 continued strong growth for the eighth consecutive year. The music industry thrives on collaboration between various entities. music revenue last year, with physical sales coming in second at 35%, subscription and streaming services at 21% and money from synchronization and ring Mar 18, 2024 · Physical, after a decline in 2022, was up again (4. Interestingly, physical is emerging as the industry kingmaker: so far in this decade, over each of the two years that physical revenues grew, industry revenue growth was strong, and in the two years physical fell, industry growth was slow. Recorded Music Industry Annual Revenue, Selected Years Between 1988 and 2023. 5% in 2021 – as the category’s growth The music industry has benefited from the growth of streaming services, which have been the main driver of global music recording revenue growth since 2015. Apr 3, 2024 · A breakdown of U. Oct 15, 2019 · According to the Recording Industry Association of America, over 70,000 different albums were released by the middle of the year, recorded music revenues had reached $4. recorded music revenues. 6%) in 2023, as was ‘other’. 1% to $3. 1% of all recorded music industry revenues in 2022, says Midia. Aug 15, 2024 · Furthermore, recorded music industry revenue has skyrocketed from $13. Premium Statistic Worldwide music tour gross Jun 23, 2023 · Global live music industry revenue 2022-2030 + Premium statistics Monthly spending on live music by Gen Z in the U. Photo Credit: RIAA U. 9% to $8. 1 billion in 2014 to $26. the breakdown indicates that paid music subscriptions in In 1999, physical music - ie CDs, tapes and vinyl - made up 100% of the music industry revenue. 95 billion/£2. They collectively accounted for 84% of total revenues, up slightly from 83% in 2021. The turn of the century marked the beginning of a decline in the music industry's revenue. disruptions. And download numbers have fallen: the Global Industry Report for 2017 noted that downloads were down 20% year on year. 3 billion U. 2% of global revenues. Your email. That makes streaming accountable for 62% of all global music revenues… clearly the dominant format, which is still growing. 4% YoY improvement in UK music industry revenue, to about $2. Offering granular data on global charts, revenue formats and 50+ music markets. music industry were released during the past week: the RIAA’s 2023 recorded music revenue report and the 2024 Infinite Dial study. . This is the fifth consecutive year of growth for the industry, as paid subscription services continued to be the primary driver of revenue increases, and reached a record number of subscriptions. 6% to 135. Today, it's at 34%. Per the latest Music in the Air analysis, this refers Dec 22, 2022 · India Brand Equity Foundation, Revenue earnings across the music industry in India in financial year 2020, with projections from 2021 to 2022 (in million U. 077 billion in 2020, up from $3. For the seventh consecutive year, recorded music revenues in the United States soared to a record high of $15. Nowadays, musicians generally seek out other, lesser-known revenue streams to make up their full-time income. The IFPI has reported the breakdown of this income, with streaming being the biggest source of revenue that year. Mar 21, 2024 · The IFPI Global Music Report 2024: Premium Edition is the definitive source of data for the global recorded music industry. SWOT Analysis. 4% in In 2021, recorded music revenues in the United States grew 23% to $15. the publication of the 2021 recorded music market figures from. The export potential of the music industry 17 C. 5 billion revenue decrease for human music creators between 2024 and 2028, per a new study from CISAC. 1% of revenue now comes from physical sales. At wholesale value, revenues grew 5. Labels play a pivotal role in producing, marketing, and distributing Mar 9, 2023 · Streaming grew 7% to $13. 5 Jun 15, 2021 · The U. music industry in each state. The category includes SoundExchange distributions for revenues from services like SiriusXM and Internet radio stations, as well as payments directly paid by similar services, included in this report as “other ad-supported streaming”. IFPI Global Music Report – Provides annual data on global music revenues and trends. Streaming music’s share of total revenues grew Mar 16, 2022 · The revenues of the Indian music industry are on a rapid rise for the last few years — primarily driven by the country's growing online population. Mar 17, 2019 · Sizing the American music industry. (March 5, 2021) Today, ten music groups unveiled an updated version of their interactive website, 50 States of Music. It Mar 23, 2021 · Global recorded music revenues grow 7. Paid subscriptions continued to be the biggest growth driver, resulting in the sixth consecutive year of growth for music revenues. A breakdown of U. dollars) Statista, https://www Mar 19, 2024 · At Spotify, we believe that artists deserve clarity when it comes to the economics of music streaming—that’s why we publish data showing our impact on the industry every year. laid by record companies to invest in music and license it to an . recorded music industry generated $7. Globalization of the music industry: impact on the domestic music industry 20 E. 4 billion, according to the IFPI. AI-driven innovations contributed $6. in Q2 2024 Jan 5, 2025 · These enhancements not only improve user engagement but also attract new users, affirming its commitment to maintaining a competitive edge in a rapidly changing industry. Revenues from performance rights – use of recorded music by broadcasters and public venues – declined by 10. Sep 27, 2024 · Music industry revenue distribution worldwide 2023, by source. 5% growth compared to the previous year (Lee et al. Mar 27, 2022 · Predictive analysis is critical in the music industry, which is a billion-dollar market with steady predicted growth. Oct 16, 2020 · Although South Africa's music revenue, including physical, digital, live events and podcasts, has been increasing steadily annually, 80% of music sold and consumed locally is international Jan 8, 2025 · Now, the ERA has identified a 7. That information lives on Loud & Clear , our resource for artists and industry professionals that breaks down the global streaming economy, the players, and the process. , Spotify) are a topic of ongoing controversial debate in the music industry because their addition to the distribution mix entails the risk of cannibalization of other distribution channels (e. However, in 2015, there was a positive shift with a 5. , Kobalt Music Group. 3% compared to the previous year and has been steadily growing for years. Prior to the days of streaming and downloading, record sales were the primary driver of revenue in the music industry. Dec 4, 2024 · Generative AI could drive a $10. during 2023, according to a new annual report from the RIAA. 3 billion in 2023. recorded music industry revenue by year, 2021-23. 6 million Jun 13, 2022 · Music still sounds good in a macro downturn; raising global industry forecasts. music publishing industry registered a 9. For music labels, streaming margins are generally higher (50-60%) than physical music products (40-50%). RIAA (Recording Industry Association of America) – Insights into U. 69 billion in 2025 and grow at a CAGR of 5. Aug 25, 2022 · The music publishing industry grew annual revenues by around $700m in the States last year; the record industry jumped up by $1. Revenues from recorded music measured at wholesale value grew 8. (Please note RIAA Mar 23, 2021 · The 88-year-old organization introduced this and other noteworthy recorded music industry stats in its newly published Global Music Report. Download the full report here. FIGURE 3 Mar 21, 2024 · A breakdown of global recorded music industry revenue. recorded music revenues in 2022. 2012-2021; Italy: top music publishers' channels on YouTube 2018; Global recorded music retail sales 2015, by platform Expert industry market research on the Music Streaming Services in the US (2014-2029). Paid subscriptions, ad-supported services, digital and customized radio, social media platforms, digital fitness apps and others grew 7% to a record high $13. recorded music revenues and shipments dating all the way back to 1973. 54% during the forecast period (2025-2030). It provides a summary of findings from 28 SUPPORT REQUESTED 29 LEARNING PRIORITIES 30 Introduction The African music industry continues Mar 9, 2022 · Music industry revenue in the U. On 22 March 2022, IFPI — the organization that represents the recorded music industry worldwide — revealed its figures for 2021's music market worldwide, which had a revenue of USD 25. Subscription audio streams accounted for nearly half of the industry's revenue at 48. IFPI to reflect a more positive view on pricing and revenue from emerging platforms that more than offsets the near-term AI in Music Industry Revenue Statistics. dollars) Basic Statistic U. 4 billion in revenue in 2015, and taking the largest share of U. Streaming continued to drive an overwhelming portion of the growth, accounting for 98% of revenues. The number of paid subscriptions to on-demand music services grew 10% to reach a new high, averaging 92. Music Publishing Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2023-2030 3. First launched in 2019, the site showcases data that illustrates the significant financial and cultural contribution of the U. In fact, paid streaming grew 10. By comparison, just 16. Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts. Streaming continued to be the biggest driver of growth with record levels of engagement in paid subscriptions, continued growth in ad-supported revenues, and Mar 23, 2022 · IFPI's Global Music Report for 2022 has just been released. 92% to $2. Streaming Encompassing a wide range of services, streaming music revenues grew 13. The RIAA provides the most comprehensive data on U. music industry - revenue distribution 2017-2023, by source Mar 16, 2023 · Overall, streaming accounted for 64. 9 billion in 2023, up 11% versus the prior year (2022). 7%, followed closely by California (1. 4% in 2023. 0 billion at estimated retail value. S dollars that year. Dec 12, 2024 · The key to understanding label profits lies in their business model: they invest upfront in artists through advances and marketing costs, then recoup these investments through multiple revenue streams over time. Music Publishing in the US industry analysis. 6 billion in revenue. 2% since 1999. Global streaming revenues reached 19. rbz gxj zpbcw aja edd dnbhje upgg wkczqyo hfnspw zhiw