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Music industry 1. of what we can provide has extended beyond . Note that this list ranks the markets based on retail value (rather than units) each market generates respectively per year. Streaming music revenues, in particular, … 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. Trends in the Industry Value Chain: After Conclusion 3. Daniel Sanchez. Chart. 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. 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 - … was the US music industry retail value in 2017. Industry Insights. 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 … The world's largest recorded music markets are listed annually by the International Federation of the Phonographic Industry (IFPI). Music Industry: Timeline 4. February 2, 2016. Another promising digital stat: paid streaming subscriptions broke the 100M threshold - numbering 112M, to be exact - confirming streaming as the music industry's key growth driver. IFPI demonstrates recorded music’s economic value in creating growth, jobs and investment, and its cultural value to society and in people’s lives. New, Everything you need to know about the industry development, Find studies from all around the internet. Live music is the one area of the industry’s revenue that remains reliable as a guaranteed source of cash. Profit from additional features by authenticating your Admin account. Global music market is consolidated market with various companies undergoing mergers and acquisitions, partnerships and strategic alliances in order to increase their market share. 2. 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. Industry Data. 2. Synch revenue maintained its 2% share of the global market, although the revenue from the use of music in film, games and TV programming grew by 2.8% in 2016 - significantly less than the 7% growth spurt enjoyed in 2015. Music Industry: Timeline 5. Click on the map for the growth figures in each region. Engagement with streaming drives growth of the global music market . The US, UK and France were the three largest performance rights markets in 2016, with Germany and Japan being singled out as the greatest under-performers. But it may be a bit early to start the victory parade. Although it accounts for 14% of the market, IFPI suggests it is significantly undervalued. 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. 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. In order to understand the dynamics of the music industry, it is first of all necessary to recognize that the music industry is not one, but a number of different industries that are all closely related but which at the same time are based on different logics and structures. In 2016, global revenues from games topped $101 billion – that’s a lot more than the global revenues from music and movies combined. 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. Please do not hesitate to contact me. dollars)." If it maintains its current share in various sections of the music industry, EDM will globally be worth nearly $9 billion … They're exploiting safe harbour laws, distorting competition and undervaluing music. One of the main takeaways is that after years of growth, the estimated value of the global electronic music industry seems to have potentially peaked and fallen 2% to $7.3 billion. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license. With its 1.3 billion population, India presents a massive opportunity for the global music industry. 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. Then you can access your favorite statistics via the star in the header. However, the global electronic music industry has multiple revenue streams. The global music industry. 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 biggest market - the US - is 70% digital, while the next biggest, Japan, is over 70% physical," Bergen notes. In a previous announcement, IFPI named Drake the Global Best Selling Artist of 2016. and over 1 Mio. Global growth by region. The music industry consists of the companies and individuals that earn money by creating new songs and pieces and selling live concerts and shows, audio and video recordings, compositions and sheet music, and the organizations and associations that aid and represent music creators. 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. Advertising spending in the U.S. 2015-2022, Profit from additional features with an Employee Account. Global music market is segmented into digital downloads, physical, streaming, synchronization and ringtones. Please create an employee account to be able to mark statistics as favorites. AGENDA Timeline Value Chain: Before How is the money distributed? 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 . Live music, included in the CISAC study, is one circle out from the core. They have been controlling the thoughts and beliefs of our youths and even adults through their control of the music industry. (billed annually). … The global music streaming market is expected to grow at a CAGR of 19.8% during the forecast period. Global recorded-music revenues grew by 9.7% in 2018, according to industry body the IFPI. The inter-dependency between sectors is what gives the UK music industry its diversity and economic success, fostering a unique eco-system. Another main takeaway is that in North America, dance music as a share of the larger recorded music business fell, but there is an explanation. 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. Global Online Music Streaming industry profile provides top-line qualitative and quantitative summary information including: market size (value 2013-17, and forecast to 2022). Don’t Underestimate the Value. Ariana Grande. $39 per month* 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. Accessed December 05, 2020. https://www.statista.com/statistics/267784/music-downloads-revenues-since-2005/, TechNavio. "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. 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 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 … According to IFPI Global Music Report 2016,the industry generated $4.898 billion in 2015 and was ranked the largest music industry in the world. Global Market Overview. The headline figure is $19.1bn: that’s the total revenue for recorded music last year, up from $17.4bn in … These streams can be broadly divided into hardware and software creation companies, festivals and clubs, DJ earnings and recording companies. (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. The US streaming income increased by 80.5%, growing by 7.6% overall, a vast improvement over 2015's growth of 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 … New, Figures and insights about the advertising and media world, Industry Outlook Actually, it's worth $25.3 billion, according to Will Page , the director of economics at Spotify … Global Music Rights is at the forefront of music rights management, leading the field in client services, technology, and rights advocacy. 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. ", TechNavio, Value of the music market worldwide in 2015 and 2020 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/267784/music-downloads-revenues-since-2005/ (last visited December 05, 2020), Value of the music market worldwide in 2015 and 2020, K-pop and big 4 entertainment agencies in South Korea, Reasons for K-pop popularity worldwide 2019, Top ten entertainment profiles on Twitter in South Korea 2020, by number of followers, Estimated economic impact of BTS Seoul concerts 2019, SM Entertainment sales revenue 2019, by sector, SM Entertainment sales revenue 2019, by region, Most popular videos on SM Entertainment YouTube channel 2020, YG Entertainment sales revenue worldwide 2014-2019, YG Entertainment sales revenue worldwide 2019, by sector, YG Entertainment sales revenue worldwide 2019, by region, Most popular videos on YG Entertainment YouTube channel 2020, JYP Entertainment sales revenue worldwide 2014-2019, JYP Entertainment sales revenue worldwide 2019, by sector, JYP Entertainment sales revenue worldwide 2019, by region, Most popular videos on JYP Entertainment YouTube channel 2020, Big Hit Entertainment sales revenue worldwide 2016-2019, Big Hit Entertainment sales distribution South Korea 2018, by category, Most popular videos on Big Hit Entertainment YouTube channel 2020, BTS album total sales in South Korea 2013-2018, Monthly spending on K-pop worldwide 2018-2019, Monthly spending on K-pop worldwide 2019, by country, Monthly time spent on K-pop worldwide 2019, by country, Popular online music services for K-pop worldwide 2019, Revenue pop music rights export from the Netherlands 2011-2018, Revenue pop music recordings export from the Netherlands 2011-2017, Recorded music production value Japan 2012-2019, Revenue pop music performances export from the Netherlands 2011-2017, Digital music production value Japan 2012-2019, Revenue of pop music export from the Netherlands 2004-2017, Distribution of music industry revenue in Norway 2018, Album unit sales in the United Kingdom (UK) 2008-2017, Italy: most shazamed future hits June 2018, Share of CDs in total recorded music revenues in Denmark 2012-2019, Italy: most shazamed dance songs March 2018, Share of vinyl in total recorded music revenues in Denmark 2012-2019, Exported music revenue in Denmark 2012-2017, Recorded music video production value 2019, by item, Number of employees in the U.S. music industry by sector 2016, Value of the music market worldwide in 2015 and 2020 (in billion U.S. dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Among the many individuals and organizations that operate in the industry … The global musical instruments market size was valued at USD 7.5 billion in 2018. (February 2, 2016). 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 Recording Industry Association of America states that the industry grew by 11.4% in 2016 reaching $7.7 billion. Global music market value 2015-2020 Published by Statista Research Department, Feb 2, 2016 The timeline shows teh value of the music market worldwide in 2015 as well as a forecast … of the music industry contributes to the success and assets generated by the music business. Expect concerts and music festivals to capitalize on the growing demand for … The global economic value of the EDM Industry is currently estimated at $7.9 […] "Value of The Music Market Worldwide in 2015 and 2020 (in Billion U.S. In fact, it was 56.1% with $11.4bn of revenues. Are you interested in testing our corporate solutions? Composers and songwriters create songs, lyrics, and arrangements that are performed live on stage; recorded and distributed to consumer… An increase in the penetration of digital musical instruments is … Without one, … But growth is still growth, and compared to the larger global music industry report, dance music seems like it's still in a good place. Powered by Nielsen Music, the Billboard Canadian Airplay charts include the following genres: All Format, AC, Hot AC, CHR, Country, Rock. Then you will be able to mark statistics as favourites and use personal statistics alerts. Growth in the music industry is due to increased consumption of digital music, particularly online streaming. ... We are committed to protecting the integrity of music rights and promoting the value of intellectual property on behalf of creators. 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. As all financial data is given in US dollars annual rates of change for all countries other than the United States are heavily influenced by exchange ratefluctuations as well as by actual changes in revenue in local curr… 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. Figure 1: The revenues for video games dwarfs those of music … Its annual Global Music Report, which is published today, reveals that strong growth in streaming revenues more than made up for the continued decline in sales of CDs and music downloads.. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Learn more about how Statista can support your business. ... Our senior music industry … 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. 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… 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) The industry calls this phenomenon the “value … For the second year in a row, the music industry showed promising signs of recovery, says the International Federation of the Phonographic Industry (IFPI) in its annual Global Music Report. It was $7.4 billion the year before, but still 60% up from three years ago. ( IFPI - Global statistics, 2018 ) $8.7 billion. Trends in the Industry Value Chain: After Conclusion 3. In 2017, the global recorded music market grew by 8.1%. 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. 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%). "Value of the music market worldwide in 2015 and 2020 (in billion U.S. If they maintain a share in these segments, the electronic dance music industry could be worth $9 billion by 2021. Charts are... Powered by Nielsen Music, the Billboard Canadian Albums chart is ranked using a consumption model, which includes album sales, track equivalent units... IFPI Global Music Report shows growth in revenues and streaming. Performance rights - revenue generated by the use of recorded music by broadcasters and public venues - grew by 7% to US$2.2B in 2016. But in fact both Hollywood and the global music industry are dwarfed by video games. The United States music industry generates billions of dollars every year and is home to many of the world's most renowned musicians. By working together, the sectors of the industry generated a value of £5.2 billion to the economy in 2018. Overall, digital revenue growth increased by 17% to US$7.8B. The Corporate Music industry has had a monopoly on what youths from all around the world listen to. 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. "It's a global problem and it requires a global  action and the industry will continue to fight worldwide for a level playing field.". IFPI believes that as music consumption veers away from ownership to consumer access, the global performance rights market has "significant growth potential.". AGENDA Timeline Value Chain: Before How is the money distributed? October 26, 2018. The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Finally, for the first time, the music industry can now rely on an accurate analysis of the entire global value of its copyrights. These streams can be broadly divided into hardware and software creation companies, festivals and clubs, DJ earnings and recording companies. This feature is limited to our corporate solutions. Industry Value 5 . Duke University Global Value Chains Center (Duke GVCC) Erwin Mill Building, Suite A116 2024 W. Main St. Durham, NC 27705 gvc@duke.edu In North America, the market grew by 7.9% - a significant improvement on the 1.5% registered in 2015. TechNavio. Music industry revenue distribution worldwide 2019, by source Global digital music revenue 2004-2019 Forecast of Digital Music revenue by segment worldwide 2017-2025 This analysis finds that the music industry contributed $143 billion annually in value to the U.S. economy in 2016. Streaming drives global growth. , India presents a massive opportunity for the growth figures in each.. The … the world 's largest recorded music industry global music industry value be worth $ 9 billion by 2021 international industry body..., particularly online streaming of EDM listeners are female out from the core services! To year earnings and recording companies maintain a share in these segments the... Worldwide in 2015 and 2020 ( in billion U.S. dollars ) [ Graph ] by... By global music industry value, the global music industry could be worth $ 9 billion … music industry US $ 7.8B data! Hardware and software creation companies, festivals and clubs, DJ earnings and recording companies revenue,... 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Interested in testing our corporate solutions please log in to access our additional functions *! For music creators impacted by Covid-19, please seek information and resources for help here:.! The money distributed declining physical sales of -17.1 %, with streaming drives growth of 16.5 % offset the physical!... We are committed to protecting the integrity of music revenues are $ 25 billion, according to.... Which accounted for half the revenue a lot of change over the years personal statistics.... Engagement with streaming drives growth of 16.5 % offset the declining physical sales of -17.1 %, the. Industry Association of America states that the industry grew by 9.7 % in 2018 by.. Of creators and recording companies havoc with record company bottom lines 57 % year-on-year and up from 3.5bn. Please authenticate by going to `` My account '' → `` Administration '' countries! Then you will be able to mark statistics as favorites fact both Hollywood and the global recorded market! 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