Nolan said the strong rise in paid streaming subscribers worldwide, as well as services’ price increases, 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 ...
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...
2. Music streaming makes up 84% of the U.S. music industry revenue. According to the Recording Industry Association of America (RIAA) U.S. music streaming statistics (2021), music streaming accounted for 84% of total U.S. music industry revenues, about the same level as the previous year...
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...
Industry Insight A report on the Global Audio Interface Market 2020 has hit after a sudden strike of novel Coronavirus globally. This study by Market Research Future is based on various aspects of growth, revenue, and forecast. The stud...
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Industry body says global revenue from digital music matches physical sales for first timeFox Business
Gaming & esports is a vibrant and fast-growing sector, powered largely by the passion of 3 billion enthusiasts around the globe. With its substantial revenue potential, the high-quality jobs it creates, and its reputational benefits, Gaming & esports presents rich opportunities for industry and na...
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