While the music industry revenue is still increasing year by year, the same can be said about the global recorded music industry revenue.
Streaming revenue declined 1.3% year-over-year, but increased 5.6% in constant currency, as the broader advertising industry continued to gradually recover. Physical revenue increased by 10.6% year-over-year, or 17.0% in constant currency, driven by improvements in vinyl sales in t...
“For the third year in succession, both physical and digital formats grew with a strong rise in the users of paid streaming subscribers - as well as price increases - contributing significantly to total revenue growth.” Geographically, sub-Saharan Africa saw the fastest growth, with...
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...
The South Korean music industry has experienced a remarkable boom in recent years, with album sales and revenues reaching record heights. In 2023, the industry's total sales revenue amounted to an impressive 12.6 trillion South Korean won. Show more - Description Published by Statista Research ...
Spain's recorded music 2023 revenue was up as streaming subscriptions grew 15%. Quevedo and Shakira topped the year-end album and song charts.
Women In Music Family Global News Español Account Record Labels Why Are IFPI & MIDiA’s 2023 Revenue Figures So Far Apart? The Answer Lies in ‘Expanded Rights’ By Glenn Peoples Mar 22, 2024 4:02 pm Trending Kelly Clarkson Says Stars Who Were ‘Mean’ About Her ‘American Idol’ Win...
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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 consisten...
Over the last 20 years, streaming took over the music industry. Digital music revenues comprised 89% of the U.S. music industry’s revenue in 2022. Streaming services like Spotify, Amazon Music, and Apple Music made up 84% of the total industry revenue. The number of paid subscriptions to...