global music industry revenue 2019

An annual IFPI report containing: The Industry in 2019 overview (free) Data and Analysis section (premium content) Detailed Excel tables (optional premium content) 40 Years of Music Industry Sales. Last fall, streaming was responsible for up to 75 percent of the country's total music industry revenue. 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 … – Breaking it down by regions: Asia grew by 3.4% in 2019 (dragged down by Japan – the region grew by 11.5% if it’s excluded); North America grew by 10.4%; Europe by 7.2% – encouraging, as it only grew by 0.2% in 2018; Latin America by 18.9%; and Australasia by 7.1%. The world's largest recorded music markets are listed annually by the International Federation of the Phonographic Industry (IFPI). Report Global Music Report. 49-50 Eagle Wharf Rd, London, N1 7ED, The reported global digital music revenue in 2018 to $2.3 billion. Growth in overall revenues also slowed from $1.7 billion in 2018 to $1.5 billion in 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. IFPI demonstrates recorded music’s economic value in creating growth, jobs and investment, and its cultural value to society and in people’s lives. 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 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. Canada, which was largely flat the prior year, increased by 8.1%. 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. Global growth by region. 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. Figures released today in IFPI’s Global Music Report 2019 show total revenues for 2018 were US$19.1 billion. 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. The global recorded music industry’s streaming revenue has grown steadily from $1 billion in 2012 to $8.9 billion in 2018. © Copyright 2020 Variety Media, LLC, a subsidiary of Penske Business Media, LLC. The influence of the U.S. spreads far beyond the country's borders, securing its place as a trendsetter of the global music industry. An annual IFPI report containing: The Industry in 2019 overview (free) Data and Analysis section (premium content) Detailed Excel tables (optional premium content) Streaming has driven the US music industry for a few years. 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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. 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, ... 2 Jun 2019 … 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. In fact, it was 56.1% with $11.4bn of revenues. “Help us make streaming fair. In the face of a global tragedy, the music community has united behind efforts to support those affected. For the full year 2019, total revenues for the global recorded music market grew by 8.2% to US$20.2 billion. 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. Streaming music accounted for 80% of industry revenues. It's us again, bringing you a whopping serving of bad news. If you continue browsing we consider you accept the use of cookies. Industry Data. 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… The definitive source of recorded music market data, launched May 2020 and covering calendar year 2019. 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. Elsewhere in the region, South Korea, China and India all experienced strong growth, (8.2% 16.0% and 18.7% respectively). The RIAA released its semiannual compilation of recorded music revenues this week. In the face of a global tragedy, the music community has united behind efforts to support those affected. Streaming music accounted for 80% of industry revenues. The performance of the recorded music business in 2019 is going to heat up interest even further. 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. Support our UCPS Pilot in 2020.” Industry gossip about why the pilot hasn’t launched yet – and specifically which major label(s) might be declining to take part – has been buzzing in recent weeks. IFPI Global Music Report 2019: Revenues rise 10%, ... with paid streaming accounting for 37% of total recorded music revenue. Revenue increases were driven by the number of paid subscriptions exceeding 60 million for the first time. Streaming United Kingdom, Music Ally is a Registered Learning Provider 10029483. The majority of global music revenue now comes from streaming, and accounted for 56.1 percent of total industry revenue in 2019. As of March 2019, over 70% of the songs on Spotify’s Global Top-50 playlist were recorded by US-based artists. Please note: We review our revenue forecasts every quarter and update them if necessary. See the full report here. This year is no different: Midia has just published its numbers for 2019. 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). 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. The emergence of music streaming disrupted the relatively straightforward business model of the music industry then. 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 record industry in the US saw an 18 percent increase in revenue — hitting $5.4 billion — in the first six months of 2019. 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. 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). 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. “Importantly, the strong foundation we built over the past several years helped deliver growth in 2019,” said chief executive Frances Moore. 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. 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%). Streaming is King . That means Midia is estimating $1.3bn more global revenues in 2019 than the IFPI is reporting, with Midia’s total including $873m of ‘artists direct’ revenue – for artists without labels. – Deezer’s advert within the free version of the Global Music Report may be a talking point. The U.S. music market is not only the largest market in the world. The growth was powered by a 24.1% increase in paid subscription streaming with nearly all markets reporting growth. It is the highest level of income earned by the music industry since 2006, when CD sales accounted for more than 80% of global revenues of $19.6bn and … 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. That requires collaboration, not ... export revenue of the music industry was £2.7 billion and employment in the industry hit 190,935. 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. 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. At wholesale value, revenues rose 16% to $3.5 billion. – 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. 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. We are a truly global music industry. Total revenues grew 18% to $5.4 billion at retail in the first half of 2019. The global recorded music market posted a fourth consecutive year of growth in 2018. Full report can be found here. The K-pop industry experienced significant growth last year, according to the International Federation of the Phonographic Industry’s "Global Music Report 2019… 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. 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). Click on the map for the growth figures in each region. 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. Australasia grew by 7.1% with overall digital revenues rising 11.6% and physical format revenues falling 20.4%. Total revenues for 2018 were $19.1 billion (£14.6bn). 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. Additionally, in 2019, the music industry posted a 32.9% growth in paid streaming revenue. The IFPI’s list has the UK remaining in third place and Germany in fourth. – 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!! 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. 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.”. China, a new entrant to the global … 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. 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. Of the 9.7% global growth measured by the IFPI that year, China thus accounted for just over 1.3 percentage points. The record industry has seen a lot of change over the years. Australia, a top 10 market, recorded growth of 6.0% with neighbouring New Zealand posting an increase of 13.7%. 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. Global Music Report. Global music sales grew for the fourth consecutive year in 2018 with streaming now accounting for almost half of all label revenue, according to … But growth in streaming is slowing down, leading to … “While the numbers we are reporting are a snapshot of the business last year, the COVID-19 pandemic presents challenges unimaginable just months ago. 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 A free-to-download overview of the global recording industry in 2019 including topline data, developments in the industry and artist case studies. In 2019, global music revenue generated by digital music and downloads fell to 1.5 billion U.S. dollars. Streaming revenue grew by 34 percent in 2018 and accounted for … The numbers for 2018 show that the industry is continuing on the growth path that started in … 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%. Total revenues grew 18% to $5.4 billion at retail in the first half of 2019. “We’re French. – Now the IFPI report is out, we can compare its official figures with the unofficial ones published by research firm Midia Research in early March. The industry’s ugly, post-Napster death roll is for the history books. Global Music Report. MIDiA Research shared its report on the global music industry for 2019. Today, music is truly global. At wholesale value, revenues rose 16% to $3.5 billion. We use our own and third party cookies. In 2019, the increase in streaming revenues compared to the year before was 22.9 percent. Streaming music accounted for 80% of industry revenues. The launch was postponed due to the Covid-19 pandemic, but the report has now been published today. 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. Engagement with streaming drives growth of the global music market . Meanwhile, sync revenues from advertising, film, games and TV grew by 5.8%. 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 … Ariana Grande. US & Canada grew by 10.4%, remaining the largest region for recorded music revenues, accounting for 39.1% of the global market. “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 overall total is the highest since 2004, when global revenues were $20.3bn. Physical sales continued their long decline, but at a slower rate — 5.3% — than in 2018. That streaming income grew by 22.9% in 2019, including a 24.1% increase in paid subscriptions, which is now 42% of the total. Read the full report here. 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. At wholesale value, revenues rose 16% to $3.5 billion. 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. 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 In the first half of 2019, the U.S. recorded music market continued the overall trends and double digit growth rates of 2018. Revenue increases were driven by the number of paid subscriptions exceeding 581million for the first time. Overall, the industry had a 34% growth in total streaming revenue. 1999-2019’ the top album. 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 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%). And it did so by nearly double digits, as revenue grew by 9.7% to US$19.1 billion, according to … 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. The U.S. music market seems to be utterly reliant on streaming as the music consumption medium. Streaming music accounted for 80% of industry revenues. 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. Additionally, in 2019, the music industry posted a 32.9% growth in paid streaming revenue. The K-pop industry experienced significant growth last year, according to the International Federation of the Phonographic Industry’s "Global Music Report 2019… The definitive source of recorded music market data, launched May 2020 and covering calendar year 2019. The US grew by 10.5%, its fifth consecutive year of growth. Today, the IFPI said that China’s market grew by 16% in 2020, so that played a part in the global deceleration.). That streaming income grew by 22.9% in 2019, including a 24.1% increase in paid subscriptions, which is now 42% of the total. 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 global recorded music industry generated $20.2bn in wholesale revenues – that’s the money making its way back to labels and artists – in 2019. The latest RIAA music industry revenue numbers show continued growth and continued dominance of interactive streaming. Statista data also confirms the trend across global markets. 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. – Japan was the only one of the world’s top 10 recorded music markets not to grow in 2019. At wholesale value, revenues rose 16% to $3.5 billion. Revenue increases were driven by the number of paid subscriptions exceeding 60 million for the first time. Impala, the IFPI, ICMP and ECSA are among... Good morning! Music industry body the IFPI will publish its latest Global Music Report on 24 March, revealing the size and growth of the recorded music market in 2019. Arashi’s ‘5×20 All the Best!! 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. The global recorded music industry continued its resurgence in 2019 with a fifth successive year of growth. The global recorded music industry’s streaming revenue has grown steadily from $1 billion in 2012 to $8.9 billion in 2018. The global recorded music industry will turn over $18.9bn in 2018, with streaming making up 50.8% ($9.6bn) of the total. 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. double digit growth rates of 2018. Here are some other talking points from the report: – Growth has stopped accelerating. 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. The IFPI says that there were 341 million ‘users of paid subscriptions’ at the end of 2019, up by 33.5% year-on-year. 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%. Figures released today in IFPI’s Global Music Report 2019 show total revenues for 2018 were US$19.1 billion. “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. Revenue is up nearly double digits. Read more Total 2019 revenues of $11.1 billion were up 13% versus $9.8 billion the prior year. However, in recent years consultancy firm Midia Research has made a habit of getting in first with its own estimates. The 2019 IFPI Global Music Report, released today, shows the global scale of that trend. – Rather than a focus on piracy or the ‘value gap’ – although as a follow-on from the latter debate – the report this year sets out “four pillars of fair marketplaces for music” from the music industry’s perspective. % in 2019 including topline data, launched May 2020 and covering calendar year.... 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