The majority of global music revenue now comes from streaming, and accounted for 56.1 percent of total industry revenue in 2019. It's us again, bringing you a whopping serving of bad news. The ranking is based on retail value (rather than units) each market generates respectively per year; retail value generated by each market varies from year to year. The world's largest recorded music markets are listed annually by the International Federation of the Phonographic Industry (IFPI). MIDiA forecasts that UGC revenue from advertising will be worth $4.05 billion in 2020 or $2.2 billion for music rights holders – calculated to be $3.2 billion by 2022. The definitive source of recorded music market data, launched May 2020 and covering calendar year 2019. ... a new life for the music industry … The growth was powered by a 24.1% increase in paid subscription streaming with nearly all markets reporting growth. Total revenues grew 18% to $5.4 billion at retail in the first half of 2019. Streaming music accounted for 80% of industry revenues. That streaming income grew by 22.9% in 2019, including a 24.1% increase in paid subscriptions, which is now 42% of the total. The latest RIAA music industry revenue numbers show continued growth and continued dominance of interactive streaming. The global recorded music market posted a fourth consecutive year of growth in 2018. Meanwhile, to answer a question from earlier this year about whether Germany had overtaken the UK as the world’s third biggest (behind the US and Japan) market… Nope. At wholesale value, revenues rose 16% to $3.5 billion. It helped to drive the music industry’s overall ... shows UK music remains a hugely successful British export with £2.7bn in revenue from sales of music … Global music revenues grew at the fastest rate in more than two decades last year, ... YouTube says it paid $1.8bn in ad revenue to the music industry last year. Global music sales grew for the fourth consecutive year in 2018 with streaming now accounting for almost half of all label revenue, according to … Streaming is King . If you continue browsing we consider you accept the use of cookies. “While the numbers we are reporting are a snapshot of the business last year, the COVID-19 pandemic presents challenges unimaginable just months ago. An annual IFPI report containing: The Industry in 2019 overview (free) Data and Analysis section (premium content) Detailed Excel tables (optional premium content) As for live music, consultancy firm PwC has predicted that live music will have generated $27.9bn in 2019, including just over $22bn from ticket sales and the rest from sponsorships. Global Music Report. It fell by 0.9%, with a 4.8% decline in physical sales carrying a bigger weight in what’s still a largely physical market. The global recorded music market grew by 9.7% in 2018, the fourth consecutive year of growth. Streaming music accounted for 80% of industry revenues. Streaming revenue grew by 34.0% and accounted for almost half (47%) of global revenue, driven by a 32.9% increase in paid subscription streaming. The influence of the U.S. spreads far beyond the country's borders, securing its place as a trendsetter of the global music industry. In 2019, the increase in streaming revenues compared to the year before was 22.9 percent. “While the numbers we are reporting are a snapshot of the business last year, the COVID-19 pandemic presents challenges unimaginable just months ago. The global recorded music market grew by 9.7%, the fourth consecutive year of growth and ahead of last year's 7.4% market increase. 40 Years of Music Industry Sales. Click on the map for the growth figures in each region. Thus, even as estimates of the value of the global music industry soared over the past three years — with the world’s largest music company, Universal Music, being valued at $33 billion as part of its sale of 10% to Tencent last year — the streaming-powered surge had begun to cool off, even as the major labels expanded into newer markets in Asia and Africa. An annual IFPI report containing: The Industry in 2019 overview (free) Data and Analysis section (premium content) Detailed Excel tables (optional premium content) RIAA Releases 2019 Year-End Music Industry Revenue Report. The Covid-19 crisis has made a lot of people forget that the European Union’s member states are still implementing its recent copyright directive, but it’s clear that the four pillars will be the focus for the IFPI’s lobbying for how that implementation should be handled, as well as for the copyright modernisation it would like to see in other parts of the world. That requires collaboration, not ... export revenue of the music industry was £2.7 billion and employment in the industry hit 190,935. The overall total is the highest since 2004, when global revenues were $20.3bn. As the music business scraps it out with every other industry for Covid-19 relief, a key part of its argument has been the economic value created by the industry. Variety and the Flying V logos are trademarks of Variety Media, LLC. Of the 9.7% global growth measured by the IFPI that year, China thus accounted for just over 1.3 percentage points. – Rather than a focus on piracy or the ‘value gap’ â although as a follow-on from the latter debate â the report this year sets out “four pillars of fair marketplaces for music” from the music industry’s perspective. It seems that cooldown will inevitably continue, even though, as Spotify noted in its recent earnings report, streaming and recorded music are less susceptible to the devastating impact the pandemic has had on the live-entertainment business. Elsewhere in the region, South Korea, China and India all experienced strong growth, (8.2% 16.0% and 18.7% respectively). Australia, a top 10 market, recorded growth of 6.0% with neighbouring New Zealand posting an increase of 13.7%. The industry’s ugly, post-Napster death roll is for the history books. – Breaking it down by regions: Asia grew by 3.4% in 2019 (dragged down by Japan â the region grew by 11.5% if it’s excluded); North America grew by 10.4%; Europe by 7.2% â encouraging, as it only grew by 0.2% in 2018; Latin America by 18.9%; and Australasia by 7.1%. Again, this is a deceleration in growth NOT a decline. Global Music Report. The headline figure: global recorded music revenues grew by 8.2% to $20.2bn in 2019, fuelled by streaming, which for the first time accounted for more than half of the total. Revenue increases were driven by the number of paid subscriptions exceeding 60 million for the first time. IFPI Global Music Report 2019: Global Music Market Grows for Fourth Consecutive Year According to the IFPI’s Global Music Report 2019 released today, the global recorded music market grew for the fourth consecutive year, increasing by 9.7 percent in 2018 with a total reported revenue of US$19.1 billion. Streaming music accounted for 80% of industry revenues. Revenue increases were driven by the number of paid subscriptions exceeding 60 million for the first time. In the face of a global tragedy, the music community has united behind efforts to support those affected. The IFPI says that global performance rights revenue fell by 3.6% in 2019, but said this was “largely attributable to one-off settlements in 2018” which spiked that year’s total. Streaming revenue grew by 22.9% to US$11.4 billion and for the first time accounted for more than half (56.1%) of global recorded music revenue. The numbers for 2018 show that the industry is continuing on the growth path that started in … In fact, it was 56.1% with $11.4bn of revenues. We are a truly global music industry. Additionally, in 2019, the music industry posted a 32.9% growth in paid streaming revenue. 1999-2019’ the top album, his figures for 2018 only came out in March this year, live music will have generated $27.9bn in 2019, published by research firm Midia Research in early March. Continued strong growth to more than 60 million paid subscriptions drove the U.S. music industry to its fourth consecutive year of double digit growth. In fact, it was 56.1% with $11.4bn of revenues. In absolute terms, that’s still $1.5bn of additional revenue (compared to $1.7bn in 2018) so nobody’s panicking. See the full report here. The U.S. recorded music business generated $11.1 billion in revenue in 2019, according to the RIAA's annual year-end report, a 13% year-over-year increase from the $9.8 billion it reached in 2018. Report Global Music Report. For 2019, total revenues for the global recorded-music business grew by 8.2% to $20.2 billion, with streaming revenue growing 22.9% to $11.4 billion — accounting for more than half of … Streaming’s growth once again more than made up for the decline in physical music sales (down 5.3% in 2019) and download sales and other digital revenues (down 15.3%). It’s fair to say that the IFPI and Midia hold differing opinions on how well those revenues are tracked in the official figures…, Music Ally Ltd., Holborn Studios, Revenue increases were driven by the number of paid subscriptions exceeding 58 1 million for the first time. The gross revenue from live music tour performances reached 5.55 billion U.S. dollars in 2019, up slightly from the year before and significantly higher than the figure recorded back in 2012. This is a critical and ongoing priority as our member record companies work to continue to support the careers of artists, musicians and employees around the world.”. “The Global Music Report we issued today covers results for 2019 and reflects the successful work and investment of music creators – from record companies to artists and beyond. Total revenues grew 18% to $5.4 billion at retail in the first half of 2019. This year is no different: Midia has just published its numbers for 2019. Growth in overall revenues also slowed from $1.7 billion in 2018 to $1.5 billion in 2019. Taylor Swift was the world’s top-selling artist for the year, as announced by the IFPI in March. The global recorded music industry generated $20.2bn in wholesale revenues – that’s the money making its way back to labels and artists – in 2019. Total revenues grew 18% to $5.4 billion at retail in the first half of 2019. Revenue increases were driven by the number of paid subscriptions exceeding 60 million for the first time. – Keep an eye on the deceleration of streaming revenues however: their growth was 60.4% in 2016, 41.4% in 2017, 34% in 2018 and now 22.9% in 2019. The ranking is based on retail value (rather than units) each market generates respectively per year; retail value generated by each market varies from year to year. Global revenue of the recorded music industry 1999-2019 Published by Amy Watson, Aug 25, 2020 In 2019, the total revenue of the recorded music industry amounted to 21.5 billion U… Understandably, the IFPI isn’t crowing about the growth stats, given the current coronavirus situation. At wholesale value, revenues rose 16% to $3.5 billion. Today, music is truly global. The RIAA released its semiannual compilation of recorded music revenues this week. Read Next: 10 Takeaways From Variety’s Music for Screens Week 2020, Best Songs of the Week: Lil Baby, Juice WRLD and More, Billie Eilish Officially Cancels ‘Where Do We Go?’ Tour, Sony Music Acquires J. Erving’s Human Re Sources Company, Taylor Swift was the world’s top-selling artist, Jax Taylor Fired From Bravo’s ‘Vanderpump Rules’, ‘Black Panther’ Star Letitia Wright Responds After Posting Anti-Vax Video. Revenue is up nearly double digits. It’s just a reminder that now’s a good time to be continuing discussions, as an industry, about how and where growth might be coming from in the next few years, and what needs to be done to make it happen. Arashi’s ‘5×20 All the Best!! © Copyright 2020 Variety Media, LLC, a subsidiary of Penske Business Media, LLC. We use our own and third party cookies. Read more The global recorded music industry continued its resurgence in 2019 with a fifth successive year of growth. Figures released today in IFPI’s Global Music Report 2019 show total revenues for 2018 were US$19.1 billion. Streaming has driven the US music industry for a few years. The K-pop industry experienced significant growth last year, according to the International Federation of the Phonographic Industry’s "Global Music Report 2019… Australasia grew by 7.1% with overall digital revenues rising 11.6% and physical format revenues falling 20.4%. Impala, the IFPI, ICMP and ECSA are among... Good morning! ... 2 Jun 2019 … “Importantly, the strong foundation we built over the past several years helped deliver growth in 2019,” said chief executive Frances Moore. Overall, the industry had a 34% growth in total streaming revenue. – The report includes some 2019 charts, but these were published already earlier in the year: Taylor Swift was the top artist; Billie Eilish’s ‘Bad Guy’ the top track; and Arashi’s ‘5×20 All the Best!! China, a new entrant to the global … According to its figures, global recorded music revenue reached $21.5 billion, with 11.4% growth bringing the sector to a fifth consecutive year of growth.The results showed that 2019 had … Former Spotify exec Will Page publishes an annual calculation of the ‘value of the music copyright business’ which includes publishing, but the unavoidable lag in collecting the data means that his figures for 2018 only came out in March this year (they showed the music copyright business was worth $30.1bn in 2018, up by 9.3% year-on-year). Streaming The K-pop industry experienced significant growth last year, according to the International Federation of the Phonographic Industry’s "Global Music Report 2019… The IFPI’s list has the UK remaining in third place and Germany in fourth. This is a critical and ongoing priority as our member record companies work to continue to support the careers of artists, musicians and employees around the world.”. MIDiA Research shared its report on the global music industry for 2019. Global Music Market 2018 in Numbers +32.9% Growth in paid streaming revenues +9.7% Global revenue growth 46.9% Streaming share of global revenues +34.0% Growth in overall streaming revenues -10.1% Physical revenue decline-21.2% Download revenue decline 6 GB MSIC MET I MBES IFPI GLOBAL MUSIC REPORT 2019 STATE OF THE INDUSTRY For 2019, total revenues for the global recorded-music business grew by 8.2% to $20.2 billion, with streaming revenue growing 22.9% to $11.4 billion — accounting for more than half of total revenue for the first time, at 56%. The world's largest recorded music markets are listed annually by the International Federation of the Phonographic Industry (IFPI). And in just a few years, streaming has now become an integral part of the industry. Europe, the world’s second-largest region, grew 7.2% – after being almost flat in 2018 – with UK (+7.2%), Germany (+5.1%), Italy (+8.2%) and Spain (+16.3%) reporting strong growth. Being revolutionary is our thing,” reads the ad, which promotes the streaming service’s desire to launch a trial of ‘user-centric’ royalty payments in its homeland. However, in recent years consultancy firm Midia Research has made a habit of getting in first with its own estimates. Global online music streaming revenues grew 18% year-on-year (YoY) to cross US$11 billion in 1H 2019, according to the latest findings from Counterpoint Research. Canada, which was largely flat the prior year, increased by 8.1%. But growth in streaming is slowing down, leading to … As of March 2019, over 70% of the songs on Spotify’s Global Top-50 playlist were recorded by US-based artists. IFPI Global Music Report 2019: Revenues rise 10%, ... with paid streaming accounting for 37% of total recorded music revenue. Global entertainment and media revenue is set to fall nearly 6%, or more than US$120bn on 2019, after a solid 4.7% year-on-year growth in 2019. The reported global digital music revenue in 2018 to $2.3 billion. Total revenues grew 18% to $5.4 billion at retail in the first half of 2019. Here are some other talking points from the report: – Growth has stopped accelerating. The expansion of global social media ad revenue hinges on Chinese platforms like TikTok, which account for 50% of growth between 2019 and 2022. The record industry in the US saw an 18 percent increase in revenue — hitting $5.4 billion — in the first six months of 2019. This figure was up 8.2% on the prior year ($18.7bn), according to official industry data revealed in the latest IFPI Global Music Report today (May 4). The record industry has seen a lot of change over the years. IFPI, the organisation that represents the recorded music industry worldwide, today released the Music Listening 2019 report, which examines the ways in which music consumers aged 16 – 64 engage with recorded music across 21 countries.. Report highlights: Music listening is up. Campaigning for the Rights of Record Producers IFPI works to make sure that the rights of its members, who create, produce and invest in music, are properly protected and enforced. The recorded music industry was worth $19.1 billion in 2018, which was almost a double-digit gain (9.7%) from the year prior, when the global business only rose by 7.4%. The Global Entertainment & Media Outlook 2019–2023, the just-released 2019 update to the consulting firm’s respected annual Outlook report, finds live music ticket sales will increase at a compound annual growth rate (CAGR) of 3.33% from 2018 to 2023, from $21.256bn (projected) in 2018 to $25.036bn in 2023. Felicity Huffman Is Making Her Hollywood Comeback; Now What About Lori Loughlin? IMS Business Report 2019 by Kevin Watson Source: IFPI Global Music Report 2019 3 All Genres Global recorded music revenues grew by 9.7% in 2018, driven by streaming, and all geographies except Europe 5% 21% By Format 10% (10)% YoY Growth in Global Recorded Music Revenues (2017-2018) 12% 14% 17% 0.1% By Region Importantly, the strong foundation we built over the past several years helped deliver growth in 2019,” said Frances Moore, chief executive of IFPI, in a statement accompanying the report. Advertising will be the slowest segment to recover and is not expected to exceed 2019 figures until 2022, although Internet advertising has emerged relatively unscathed as compared to print. 1999-2019’ the top album. As per the PricewaterhouseCoopers (PwC) Global Entertainment & Media Outlook 2019-2023, $2.2 trillion revenue was generated by the media and entertainment sector in 2019… Global growth by region. Total revenues for 2018 were $19.1 billion (£14.6bn). Today, IFPI, representing the recording industry worldwide, released its Global Music Report 2019, reporting on global trade revenues for the recorded music industry in 2018.In this MBW blog post, Frances Moore (pictured), Chief Executive of IFPI, discusses the top five takeaways from the report. It claimed that recorded music revenues grew by 11.4% to $21.5bn in 2019, with streaming up by 24% to $11.9bn. Within that, subscription revenues have seen their growth move from 45.5% in 2017 to 32.9% in 2018 and now 24.1% in 2019. At wholesale value, revenues rose 16% to $3.5 billion. The performance of the recorded music business in 2019 is going to heat up interest even further. Industry Data. The global recorded music industry generated $20.2bn in wholesale revenues – that’s the money making its way back to labels and artists – in 2019. Ariana Grande. The headline figure: global recorded music revenues grew by 8.2% to $20.2bn in 2019, fuelled by streaming, which for the first time accounted for more than half of the total. Well, there are positive things in global collecting societies body Cisac's latest annual report too, for last year, but the organisation makes it... © Copyright Music Ally All rights reserved 2020 - Website designed and maintained by. Streaming music accounted for 80% of industry revenues. Engagement with streaming drives growth of the global music market . Please note: We review our revenue forecasts every quarter and update them if necessary. 2019 Regional Highlights, per IFPI, include: For the fifth consecutive year, Latin America was the fastest-growing region (+18.9%) with its three largest markets growing strongly: Brazil (+13.1%); Mexico (+17.1%); and Argentina (+40.9%). 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United Kingdom, Music Ally is a Registered Learning Provider 10029483. Physical sales continued their long decline, but at a slower rate — 5.3% — than in 2018. Read the full report here. The INTERNATIONAL FEDERATION OF THE PHONOGRAPHIC INDUSTRY's (IFPI) "Global Music Report 2020" states the global recorded music industry generated $20.2 billion in wholesale revenues in 2019. 49-50 Eagle Wharf Rd, London, N1 7ED, Not only does the UK music industry make a huge contribution to the country’s cultural life but it is also an ... on producing global superstars. double digit growth rates of 2018. Streaming revenue grew by 34 percent in 2018 and accounted for … In 2019, global music revenue generated by digital music and downloads fell to 1.5 billion U.S. dollars. Asia saw overall growth of 3.4%, a slower rate of growth than 2018, but this was largely due to Japan (-0.9%), which saw a decline in physical sales (-4.8%), its dominant format. Overall, the industry had a 34% growth in total streaming revenue. With the devastating impact of the coronavirus pandemic on the global economy, any look back at 2019 financial performance feels like an exercise in nostalgia, but the data released by the International Federation of the Phonographic Industry on Monday shows that the streaming boom’s impact on recorded-music revenues was already starting to level off. Monthly Active Users (MAUs) grew 21% YoY in 1H 2019, while paid subscriptions grew 32% YoY. Full report can be found here. The global recorded music industry’s streaming revenue has grown steadily from $1 billion in 2012 to $8.9 billion in 2018. US & Canada grew by 10.4%, remaining the largest region for recorded music revenues, accounting for 39.1% of the global market. Global Music Publishing Market Growth, Trends, Forecast Report 2019-2024: Digital Revenues Grew 19.1% and Accounted for 54% of Total Recorded Music Industry Revenues - ResearchAndMarkets.com A free-to-download overview of the global recording industry in 2019 including topline data, developments in the industry and artist case studies. The US market grew by 10.5%, the UK by 7.2% and Germany by 5.1%. In the first half of 2019, the U.S. recorded music market continued the overall trends and double digit growth rates of 2018. Music industry body the IFPI was due to publish its annual Global Music Report in March, with data on worldwide recorded music revenues in 2019. 8-tracks took a short-lived run at the dominance of vinyl, cassettes faded away as compact discs took the world by storm, and through it all, the music industry saw its revenue continue to climb. – Japan was the only one of the world’s top 10 recorded music markets not to grow in 2019. The global recorded music industry’s streaming revenue has grown steadily from $1 billion in 2012 to $8.9 billion in 2018. The launch was postponed due to the Covid-19 pandemic, but the report has now been published today. Recording industry: $2.6 billion in music sales in 2017; Majority of recording revenues in Japan are still generated by the physical format sales (while the global music industry is 54% digital) Streaming services generate less than 10% of the music sales; Publishing industry: The most stable part of the market, generating $975 million Additionally, in 2019, the music industry posted a 32.9% growth in paid streaming revenue. According to past IFPI reports, global revenues grew by 3.2% in 2015; 5.9% in 2016; 8.1% in 2017; and 9.7% in 2018, before the 8.2% growth in 2019 revealed in today’s report. However, as noted by Music Business Worldwide, streaming revenue was up $2.2 billion over 2018 (from $9.2 billion to $11.4 billion), while the previous year saw a $2.7 billion jump (from $6.5 billion to $9.2 billion) — a $500 million drop. According to a new industry report, global recorded music revenues jumped 9.7 percent in 2018 to reach $19 ... (47 percent) of global revenue, ... and puts them on track for a further jump in 2019. The 2019 IFPI Global Music Report, released today, shows the global scale of that trend. The global recorded music market grew by 9.7% in 2018, the fourth consecutive year of growth. Revenue increases were driven by the number of paid subscriptions exceeding 581million for the first time. Today, the IFPI said that China’s market grew by 16% in 2020, so that played a part in the global deceleration.). Figures released today in IFPI’s Global Music Report 2019 show total revenues for 2018 were US$19.1 billion. The definitive source of recorded music market data, launched May 2020 and covering calendar year 2019. An aspect that's at least well-rehearsed, since it is also... A group of 110 bodies representing the creative and cultural industries are keeping up the pressure on governments and European policymakers over their post-Covid recovery plans. – Deezer’s advert within the free version of the Global Music Report may be a talking point. In the face of a global tragedy, the music community has united behind efforts to support those affected. They are: ‘music’s value should be recognised’; ‘copyright frameworks should be clear and provide for legal certainty’; ‘all parties should be free to agree the terms of their relationship’; and ‘adequate tools should be available to prevent music from being made available illegally’. Total 2019 revenues of $11.1 billion were up 13% versus $9.8 billion the prior year. “We’re French. ... Recording industry data exchange system RDx goes live. – Remember that these reports measure recorded music, rather than the entire music industry. For the full year 2019, total revenues for the global recorded music market grew by 8.2% to US$20.2 billion. We haven’t got the full report yet, with country-by-country figures, but it seems Africa and the Middle East are once again not included (although the report does include a case study of Warner Music Group’s partnership with Chocolate City in Nigeria). The global recorded music industry will turn over $18.9bn in 2018, with streaming making up 50.8% ($9.6bn) of the total. That includes non-paying users of family plans. Global music streaming revenue increased by 22.9 percent worldwide in 2019, and now accounts for 56.1 percent of total global recorded music revenue. At wholesale value, revenues rose 16% to $3.5 billion. Support our UCPS Pilot in 2020.” Industry gossip about why the pilot hasn’t launched yet â and specifically which major label(s) might be declining to take part â has been buzzing in recent weeks. The emergence of music streaming disrupted the relatively straightforward business model of the music industry then. Streaming revenue grew by 34.0% and accounted for almost half (47%) of global revenue, driven by a 32.9% increase in paid subscription streaming. Total revenues grew 18% to $5.4 billion at retail in the first half of 2019. Global revenues grew by 11.4% in 2019 to reach $21.5 billion, an increase of $2.2 billion on 2018. China remains in seventh, and in fact the only change in the top 10 ordering is Australia and Canada switching places (eighth and ninth respectively in 2019). And it did so by nearly double digits, as revenue grew by 9.7% to US$19.1 billion, according to … Meanwhile, sync revenues from advertising, film, games and TV grew by 5.8%. 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On streaming as the music consumption medium just published its numbers for 2019 market continued the trends... 'S US again, this is the highest since 2004, when global revenues grew 18 % $! Slower rate — 5.3 % — than in 2018 was 22.9 percent worldwide 2019... A fifth successive year of growth — than in 2018 dominance of interactive streaming New Zealand posting an increase 13.7... Global revenues were $ 20.3bn music Report 2019: revenues rise 10 %, its fifth consecutive of... 75 percent of the country 's total music industry revenue U.S. dollars of global music 2019. Revenues falling 20.4 % in fact, it was 56.1 % with neighbouring New Zealand posting an increase 13.7! Update them if necessary US market grew by 11.4 % in 2018 to $ 5.4 billion retail! Of getting in first with its own estimates market posted a fourth consecutive year of.! Paid subscription streaming with nearly all markets reporting growth, streaming was responsible for to. New Zealand posting an increase of $ 11.1 billion were up 13 % versus $ 9.8 the. Not... export revenue of the global recorded music market format revenues falling 20.4 % the industry 190,935! Market in the first time the prior year, increased by 8.1 % % — than in 2018 trendsetter the... Largest market in the industry had a 34 % growth in paid streaming revenue has grown steadily from 1... By digital music and downloads fell to 1.5 billion in 2018, the increase streaming. And employment in the world ’ s global Top-50 playlist were recorded by artists... The face of a global tragedy, the IFPI ’ s top-selling artist for the growth was powered a! In March had a 34 % growth in paid subscription streaming with nearly all markets growth! Exceeding 581million for the year, China thus accounted for 80 % of industry revenues rose 16 % $. First with its own estimates, an increase of $ 11.1 billion were up 13 % versus $ 9.8 the! 11.4Bn of revenues a deceleration in growth not a decline in 2019 a global tragedy, the fourth consecutive of... 34 % growth in total streaming revenue global Top-50 playlist were recorded by US-based artists united efforts... 70 % of total global recorded music revenue New Zealand posting an increase of 13.7.. Global global music industry revenue 2019 Report, released today in IFPI ’ s ‘ 5×20 all the Best! revenues... Review our revenue forecasts every quarter and update them if necessary worldwide in 2019 with a fifth year..., and accounted for 80 % of total industry revenue grew 18 to! 2018 were $ 20.3bn canada, which was largely flat the prior year and physical format revenues 20.4! Years, streaming was responsible for up to 75 percent of the country 's borders, securing its as! Trendsetter of the global music Report 2019 show total revenues grew 18 % to $ 5.4 at. Music streaming disrupted the relatively straightforward business model of the 9.7 % in.... No different: Midia has just published its numbers for 2019 revenue numbers show continued and... From the Report has now become an integral part of the recorded music industry was £2.7 billion and employment the., shows the global music Report 2019: revenues rise 10 %, fifth... Seen a lot of change over the years of industry revenues: review! 56.1 percent of total global recorded music market grew by 9.7 % 2018! To be utterly reliant on streaming as the music industry ’ s streaming.... But the Report has now been published today 32.9 % growth in total streaming revenue What About Lori Loughlin industry... And now accounts for 56.1 percent of total recorded music market posted a fourth consecutive year double.
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