contributed “significantly” to overall revenue growth. He also said the music industry’s recovery from its lows of a decade ago wouldn’t have been possible without “record companies’ sustained investment in artists and their careers.” ...
inmusic industry revenue trends. Streaming has dramatically increased its share of U.S. music industry revenue, making up 84 percent in 2022, up by almost 20 percent from the figure recorded in 2017. Meanwhile, the share of music revenue generated by physical sales has decreased in equal ...
In 2023, the total revenue of the recorded music industry amounted to 28.6 billion U.S. dollars. Global streaming revenues reached 19.3 billion U.S. dollars in the same year. Overall, recorded music increased by 10 percent, representing a steady growth rate compared to the previous year. Mus...
Global music sales grew for the fifth consecutive year in 2019 with streaming accounting for more than half of all label revenue for the first time, according to the International Federation of the Phonographic Industry's (IFPI) "Global M
The value gap describes the growing mismatch between the value that user upload services, such as YouTube, extract from music, and the revenue returned to those who are creating and investing in music. The value gap is the biggest threat to the future sustainability of the music industry. ...
Global recorded music revenue increased by 10.2 percent in 2023, driven largely by growth in streaming subscribers, according to the annual report of the International Federation of the Phonographic Industry, which was released on Thursday. Total trade revenue reached $28.6 billion in 2023, the ninth...
Music Streaming Statistics Highlights of music streaming industry statistics: Global musicsubscribers surged26.4% to 523.9 million during the Covid pandemic. Music streaming makes up 84% of the U.S.music industry revenue. 82.1 million Americans arepaid subscribersto on-demand music streaming. ...
The key competitive advantage of corporations over "classic" music corporations is based on a user community that consumes music on mobile devices and does not purchase music to store it permanently. Streaming music platforms are a key factor in revenue recovery within the music industry. Generation...
Industry body says global revenue from digital music matches physical sales for first timeFox Business
Turning to Apple's iTunes revenues, Dediu estimates that, of the $13.5 billion Apple reported for iTunes revenues, the iTunes Music Store accounted for about $4.3 billion, of which $3.4 billion was paid to music labels. That would amount to roughly 22 percent of iTunes revenue. ...