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.” ...
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...
In 2023, global music revenue generated by digital music and downloads remained unchanged compared to the previous year, at the level of 0.9 billion U.S.
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...
one of the most significant second-order consequences was the impact of currency volatility. Because MIDiA always builds its revenue models with US dollar values, a number of markets that reported strong growth in local currency terms saw much weaker, sometimes even negative, growth in US dollar...
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. ...
This internet-heavy metric is being reflected on the business side as well,with 75%of the music industry’s revenues in the U.S. coming from streaming. However, for artists, streaming revenue is usually thethird-biggest earnerafter live performances and sales. ...
Global advertising revenue to hit US$1 trillion in 2026 as streaming services look to consolidation and live sports to drive growth: PwC Global Entertainment & Media Outlook 2024-2028 Global entertainment & media (E&M) industry revenues rose 5% to US$2.8 trillion in 2023 and projected to hit ...
In 2028, an additional US$597 billion in revenues will be available to E&M industry participants, compared with 2023. And the key to taking a share of these growing revenue pools will rely onbusiness model reinvention(BMR), which has evolved from a strategic option into an existential imperativ...
Industry body says global revenue from digital music matches physical sales for first timeFox Business