The music industry complains that unlike subscription services like Spotify, Google’s contribution in royalties is significantly low, despite of the high number of consumers listening to music through YouTube. IFPI’s Global Data and Analysis team works closely with member companies, national groups and industry partners to improve the global data landscape for the recorded music industry. In 2017, the global recorded music market grew by 8.1%. The total revenue for recorded music in 2015 totaled $15 billion, marking a 3.2% rise from 2014 and the first significant growth in eight years. The value of Britain’s live music sector hit a record £1.1bn last year, as fans flocked to see big name artists including Ed Sheeran, the Rolling Stones and Sam Smith on tour.. Profit from additional features by authenticating your Admin account. Live music is the one area of the industry’s revenue that remains reliable as a guaranteed source of cash. facts. $39 per month* The indu… (EDM) Electronic Dance Music Statistics 2017-2018 & 2019 Updated 07/06/2019 EDM club nights generated $965 million in 2018 ~160,000,000 EDM festival tickets were sold annually. IFPI GLOBAL MUSIC REPORT 2019 // STATE OF THE INDUSTRY IFPI GLOBAL MUSIC REPORT 2019 // STATE OF THE INDUSTRY THE VALUE OF A LABEL 33 “We still, of course, help get the music made and get the music out there, but the portfolio . "It's a global problem and it requires a global action and the industry will continue to fight worldwide for a level playing field.". The headline figure is $19.1bn: that’s the total revenue for recorded music last year, up from $17.4bn in … Music industry 1. Stock Music Market - Global Outlook and Forecast 2019-2024 : August 2019 $ 3500 Global Music Synthesizers Industry : September 2020 $ 4950 South America Music Streaming Market Forecast to … In fact, it was 56.1% with $11.4bn of revenues. The global recorded music industry grew $1.1 billion in 2016 to reach $16.1 billion — the largest growth its seen in over 15 years.. That number’s up 7% on 2015, according to MiDIA research. Ariana Grande. According to a new industry report, global recorded music revenues jumped 9.7 percent in 2018 to reach $19.1 billion — up from $17.4 billion in 2017. Click on the map for the growth figures in each region. Global live music revenues are $25 billion, according to IBISworld. Please create an employee account to be able to mark statistics as favorites. While the revenue from CDs took an expected hit, registering a 7.6% decline, digital downloads also suffered, decreasing by 20.5% over 2015. The industry calls this phenomenon the “value gap”. Value Chain: After Who keeps the cyber money? Learn more about how Statista can support your business. Music Industry: Timeline 5. 32 THE VALUE OF A LABEL. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook 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%. As for remedying the value gap, IFPI Chief Executive Frances Moore says Europe is coming up with legislative solutions to the problem she hopes the rest of the world will eventually follow. The live music industry has shown the strongest rate of value growth between 2010 and 2015. The global music business, at least what's tied to music copyright, is worth over $25 billion. The Corporate Music industry has had a monopoly on what youths from all around the world listen to. The music streaming market was valued at US$ 6,423.6 Mn in 2017, and is projected to grow significantly to reach US$ 33,489.4 Mn by 2026 due to complimented by the decreasing data charges and increasing internet speed. ... We are committed to protecting the integrity of music rights and promoting the value of intellectual property on behalf of creators. In 1999 the global recorded music industry had experienced a period of growth that had lasted for almost a quarter of a century. According to IFPI, India is the 15th largest music market in the world. The industry has witnessed an increase in digital music, mainly streaming services which accounted for half the revenue. After strong growth in recent years, the global electronic dance music (EDM) industry slipped 2% to a value of US$7.1 billion. IFPI believes that as music consumption veers away from ownership to consumer access, the global performance rights market has "significant growth potential.". If they maintain a share in these segments, the electronic dance music industry could be worth $9 billion by 2021. It was $7.4 billion the year before, but still 60% up from three years ago. Table 1: Music markets, with total retail value (IFPI Global Music Report 2018) Hence, the goal of many pop artists and groups, regardless of origin, is to break into this particular market. Approximately one billion records were sold worldwide in 1974, and by the end of the century, the number of records sold was more than three times as high. These streams can be broadly divided into hardware and software creation companies, festivals and clubs, DJ earnings and recording companies. For music creators impacted by Covid-19, please seek information and resources for help here: musiccovidrelief.com. ... Our senior music industry … The music industry consists of the companies and independent artists that earn money by creating new songs and pieces and organising live concerts and shows, audio and video recordings, compositions and sheet music, and the organizations and associations that aid and represent music creators. The global recorded music market grew by 8.1% in 2017, its third consecutive year of growth since the International Federation of the Phonographic Industry (IFPI) began tracking the … Music Industry: Timeline 6. Global Music Report. Don’t Underestimate the Value. The resulting value gap due to the malfeasance of those services continues to play havoc with record company bottom lines. The Kpop industry’s worldwide influence has been acknowledged by IFPI, the international industry trade body. Nick Krewen is a Toronto-based journalist and frequent contributor to FYIMusicNews, The Toronto Star and SOCAN’s Words And Music. of what we can provide has extended beyond . Economic work released shows true value of core UK music industry. … Powered by Nielsen Music, the Billboard Canadian Airplay charts include the following genres: All Format, AC, Hot AC, CHR, Country, Rock. Then you can access your favorite statistics via the star in the header. 1. 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 - … Industry Data. The biggest market - the US - is 70% digital, while the next biggest, Japan, is over 70% physical," Bergen notes. Trends in the Industry Value Chain: After Conclusion 3. As he explains in an in-depth Q&A with MBW below, Will Page – Spotify’s Director of Economics – has determined that the global value … Global recorded-music revenues grew by 9.7% in 2018, according to industry body the IFPI. "We are no longer running up a down escalator, but that doesn't mean we can relax," noted Stu Bergen, CEO of the Warner Music Group's International and Global Commercial Services, in a conference call, labeling the streaming revenue increase of 60.4% as "deceptive, not least of all because that growth is being undermined by some services. The digital revenue growth of 16.5% offset the declining physical sales of -17.1%, with streaming revenue increasing by 84.1%. New, Figures and insights about the advertising and media world, Industry Outlook Copyright © 2017 by FYI Music News. He is also a co-author of Music From... CIMA President Stuart Johnston Is Waving Us All Goodbye, IFPI: Canadian Music Sales Popped 13% in 2016, The Day Jimi Hendrix Paid Off Doug Chappell...And Other Mid-Knights Stories, Veteran TFA Agent Richard Mills Says 'Farewell', Lisa LeBlanc: I Love You, I Don't Love You, I Don't Know, IFPI: Global Music Industry Value Jumps 5.9% to US$15.7B. The industry calls this phenomenon the “value … 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. – 2018 YouTube EDM track releases have seen 3.3 billion views 49% of EDM listeners are female. Streaming accounted for 59% of digital revenues. Global Online Music Streaming industry profile provides top-line qualitative and quantitative summary information including: market size (value 2013-17, and forecast to 2022). TechNavio. Business Intelligence in the Music Industry Value Chain: Ensuring Sustainability in a Turbulent Business Environment: 10.4018/978-1-4666-9562-7.ch077: The arrival of the internet and the availability of music in digital formats have altered the landscape of the music industry. Note that this list ranks the markets based on retail value (rather than units) each market generates respectively per year. Global music market is consolidated market with various companies undergoing mergers and acquisitions, partnerships and strategic alliances in order to increase their market share. The record industry has seen a lot of change over the years. was the global music industry retail value in 2017. New, Everything you need to know about the industry development, Find studies from all around the internet. According to recording industry trade body IFPI’s Global Music Report 2017, global recorded music revenues increased by 5.9% in 2016, with 112 million users of paid streaming subscriptions driving streaming revenue growth of 60.4%, and digital income accounting for 50% of global music industry … The Recording Industry Association of America states that the industry grew by 11.4% in 2016 reaching $7.7 billion. Additionally noteworthy is the fact that "the composition of music markets around the world vary greatly. Music Industry… Industry Value 5 . MUSIC INDUSTRY A change of tune…. In North America, the market grew by 7.9% - a significant improvement on the 1.5% registered in 2015. Music Industry: Timeline 5. Then you will be able to mark statistics as favourites and use personal statistics alerts. But it may be a bit early to start the victory parade. An increase in the penetration of digital musical instruments is … But in fact both Hollywood and the global music industry are dwarfed by video games. Chart. 40 Years of Music Industry Sales. Please authenticate by going to "My account" → "Administration". MUSIC INDUSTRY A change of tune…. In 2016, global revenues from games topped $101 billion – that’s a lot more than the global revenues from music and movies combined. Another first: the digital share of global revenues reached 50%, marking the total share of music revenues. They have been controlling the thoughts and beliefs of our youths and even adults through their control of the music industry. Register in seconds and access exclusive features. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Distribution of K-pop YouTube views worldwide 2019, by country, SM Entertainment sales revenue worldwide 2014-2019. The main reason for this is the increased focus placed on performing live by recording artists, as a result of declining revenues from the sale of recorded music. "Value of The Music Market Worldwide in 2015 and 2020 (in Billion U.S. Stock Music Market - Global Outlook and Forecast 2019-2024 : August 2019 $ 3500 Global Music Synthesizers Industry : September 2020 $ 4950 South America Music Streaming Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Content Type, Streaming Type, and End User : September 2020 $ 3000 Without one, … 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 Music Market and Streaming Services Segmentation. Industry Insights. Although the 2016 Global Music Market numbers reveal worldwide revenue growth of 5.9% to $15.7B (all numbers in U.S. dollars) - good news in the wake of the 2015 increase of 3.6%, the first improvement since 2000 - IFPI says the good news should be tempered by the fact that the industry suffered a 40% loss of value the preceding 15 years. If it maintains its current share in various sections of the music industry, EDM will globally be worth nearly $9 billion … However, the global electronic music industry has multiple revenue streams. Trends in the Industry Value Chain: After Conclusion 3. Big news. Streaming drives global growth. was the US music industry retail value in 2017. Overall, digital revenue growth increased by 17% to US$7.8B. So, here's everything you need to know about the Indian market, from the latest digitalization trends to the tradition of film music… IFPI demonstrates recorded music’s economic value in creating growth, jobs and investment, and its cultural value to society and in people’s lives. The global economic value of the EDM Industry is currently estimated at $7.9 […] The global music streaming market is expected to grow at a CAGR of 19.8% during the forecast period. This was the third consecutive year of global growth and one of the highest rates of growth since IFPI began tracking the market in 1997. They're exploiting safe harbour laws, distorting competition and undervaluing music. Please do not hesitate to contact me. AGENDA Timeline Value Chain: Before How is the money distributed? And in the music industry, I can tell you that as well as working on perfecting your talent, your network is the most valuable thing you’ll ever have. The Music industry is a multi-billion dollar business. The figures … Are you interested in testing our corporate solutions? (billed annually). The music industry complains that unlike subscription services like Spotify, Google’s contribution in royalties is significantly low, despite of the high number of consumers listening to music through YouTube. Despite these concerns, IFPI's 2016 assessment did include some optimism: the 5.9% rate of growth is the fastest since the global organization began tracking this info in 1997. Value of the music market worldwide in 2015 and 2020 (in billion U.S. dollars) [Graph]. Music Industry: Timeline 4. This feature is limited to our corporate solutions. These streams can be broadly divided into hardware and software creation companies, festivals and clubs, DJ earnings and recording companies. 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) In, TechNavio. "In Europe, where we have legislation on the table that recognizes the existence of a value gap and is putting forward proposals in order to deal with it, and we would hope to have the same approach around the world," Moore said during a teleconference emanating from London on Tuesday. Developing music markets also enjoyed growth due to streaming, with significant 2016 revenue increases in China (20.3%,) India (26.2%) and Mexico (23.6%). Us to get started with full access to dossiers, forecasts, studies and international.... That streaming income … the global recorded music industry of -17.1 %, marking the total of... Expected to grow at a CAGR of 19.8 % during the forecast period by,. 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