The music industry is concentrated and dominated by three main players. Despite the gulf in spending, IFPI reported strong 2019 recorded music revenue growth in China and India of 16% and 19%, respectively, attributed to progress in copyright enforcement and streaming adoption. Hypebot is read daily by more than 30,000 music industry professionals including executives and senior staff of music related tech firms, internet based music sites, every major label group and most indies as well as many managers, artists and members of the live music community: Contact us for the latesst stats, ad rates and sponosorship opportunites. [Price List], Music Tech Accelerator Finals: The Place To Be Today #SXSW Or Watch Online, Music Business Interns Wanted: Hypebot And Skyline Music Agency, The figure represents less than 11% of the 3.2 billion global smartphone, According to the Digital Media Association, the US market had 99 million paid streaming, In May 2020, Goldman Sachs estimated the entire music industry’s. In 2018, India became the 5th biggest economy in the world in terms of the current GDP. The revenue from recorded music in Nigerian has been projected to generate $50 million (about N18 billion naira) by 2020. His bylines include Rolling Stone, Alternative Press, Substream Magazine, Nu Sound, and Under The Gun Review, among other popular outlets. Music royalty fund formation has increased significantly over the past several years. These licensing deals create exciting new future sources of income for music IP owners. As a result, Spotify’s Q2 2020 premium revenue increased by 17% year-on-year. There have been modest disruptions to streaming as a result of COVID-19. For the full year, Sirius XM management expects total company sales to decline by 3%. At Haulix, we often examine the volume of new releases and the reception they see when consider how well things are going. For example, Live Nation, a leading live entertainment company, experienced a 98% year-on-year revenue decline in Q2 2020, driven by global concert shutdowns. In fact, Mozart sold the most CDs in 2016, beating out Adele, Drake, and Beyoncé, even though all of those artists had… The global music recording industry is back in growth territory again. Meanwhile, the global music publishing industry has proven resilient throughout the economic cycles of the past decade. There are countless ways to gauge the health of the music industry. They sign performing artists and songwriters and help them create and monetize new music. This one isn’t a huge surprise, given the way indie labels have … Yes, free music … In May 2020, Goldman Sachs estimated the entire music industry’s revenue (live, recorded, and publishing) to increase from $62 billion in 2017 to $131 billion in 2030, representing a 6% CAGR. Monitor the impact on your business. var F14249_sb_requiredFields=new Array();var F14249_sb_validateFields=new Array();F14249_sb_requiredFields.push('F14249_sb_Category');F14249_sb_requiredFields.push('F14249_sb_email');F14249_sb_requiredFields.push('F14249_sb_feedid');F14249_sb_requiredFields.push('F14249_sb_publisherid');F14249_sb_requiredFields.push('F14249_sb_cids');var F14249_sb_fieldcol='#000000';var fbz_F14249_sb_logged=false;function F14249_sb_wait_fn(){try{if(!fbz_F14249_sb_logged){fbz_SmartForm('F14249_sb',feedblitz_full_form);try{s('F14249_sb');}catch(e){};fbz_FitForm('F14249_sb');var F14249_sb_wait_img=fbz_formMetrics(14249,1);fbz$('F14249_sb_wait_img').innerHTML=F14249_sb_wait_img;clearInterval(F14249_sb_wait);fbz_F14249_sb_logged=true;}}catch(e){}} Emerging markets, such as China and India, are only just starting to pay for music IP. Social distancing restrictions have severely impacted the live music market. Wall Street has been taking notice of the music industry’s secular growth story. Further protections are given under law once the work is registered with the U.S. Netflix will spend over $17 billion on content in 2020. Live Nation management expects concerts to return to scale by summer 2021. Click on the map for the growth figures in each region. Universal, Sony, and Warner are collectively referred to as the “Majors,” or the “Big Three.” Industry concentration is relevant in music because the majors’ deals with streaming services benefit from their market share: As streaming services’ revenues grow, so should the majors’ income. With capital pouring into the space, music IP acquisition activity has been hot. While several streaming services are currently appealing the decision, it could have a very positive impact on composition mechanical royalties for US rightsholders. Social distancing restrictions have severely impacted the live music market. The music industry is concentrated and dominated by three main players. Others may look at touring revenue, audience sizes, or any one of a million other data points. More Power Will Shift to Indie Labels. As streaming continues to take a greater share of sales, the majors’ operating margins will benefit. Global Music Recording Industry Revenues: 2001-2019 ($ Billion). In some instances, royalty funds have also signed artists and songwriters to release new music, blurring the line between them and traditional labels and publishers. Global Music Production and Distribution industry trends (2015-2020) Global Music Production and Distribution industry outlook (2020-2025) poll Average industry growth 2015-2020 : x.x lock Purchase this report or a membership to unlock the average company profit margin for this industry. The growth of digital streaming has allowed consumers to access and enjoy music regardless of social distancing restrictions. At the start of the pandemic, audio streaming saw a decrease in listening hours as consumers drove less and focused on other platforms (e.g., video streaming) and forms of entertainment (e.g., TV and video gaming). 03 Shakira … Nigeria’s Music industry revenue to hit $50 million by 2020 – Report. Will Page, the former chief economist at Spotify, estimates that the global publishing business – CISAC collections plus estimates of non-CISAC publisher revenues from Music & Copyright – is worth $11.7 billion in 2020. About $400 … For example, US musical composition mechanical royalties are regulated by the Copyright Royalty Board (CRB), a panel of three judges who determine music royalty rates and terms over a period of time. 5. If the trend continues, China and India will increasingly grow as a revenue source for the industry.

music industry facts 2020

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