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...
As per the announcement of Alibaba Pictures on the acquisition of Damai, in terms of growth rate, Damai’s total GMV from April to June 2023 already exceeded 4 billion yuan, 1 billion yuan more than the total GMV of the four quarters of the previous fiscal year, which stayed at 3 billio...
the Australian music industry has witnessed the emergence of successful local artists who have gained international recognition. This has not only boosted the popularity of Australian music but has also contributed to the growth of the Digital Music market in the country. Local artists such as Tones...
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This constitutes a small share (4.1%) of global recorded music revenue, but the growth rate is very striking and some consider this sector to be 'the most exciting and fastest-growing sector to spring out of the music industry's streaming revolution' (Ingham, 2019). China 'is becoming a ...
earlier this year, the recorded-music industry appeared to be on track to recover from a long slump, thanks to the emergence of music streaming. from 2015 to 2019, overall recorded music revenues, driven largely by streaming, posted a compound annual growth rate (cagr) of 13%, reaching ...
we have laid a really good foundation in — we are promoting the music industry together. And we are also helping them to promote their artists and their songs through our big data analysis. So all of this has been — lay a good foundation for us and help us to — can even work cl...
Mr. Cussion Pang, Executive Chairman of TME, commented, "2023 marked a pivotal transition at TME. As we continue to shape and propel the music industry's robust development, we are excited about its vibrant growth potential for years to come. The fourth quarter re...
As we continue to shape and propel the music industry's robust development, we are excited about its vibrant growth potential for years to come. The fourth quarter recorded accelerated year-over-year growth in music subscription revenue, anchored by consiste...