$39 per month* As for remedying the value gap, IFPI Chief Executive Frances Moore says Europe is coming up with legislative solutions to the problem she hopes the rest of the world will eventually follow. The live music industry has shown the strongest rate of value growth between 2010 and 2015. … This analysis finds that the music industry contributed $143 billion annually in value to the U.S. economy in 2016. The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. IFPI’s Global Data and Analysis team works closely with member companies, national groups and industry partners to improve the global data landscape for the recorded music industry. According to IFPI Global Music Report 2016,the industry generated $4.898 billion in 2015 and was ranked the largest music industry in the world. But it may be a bit early to start the victory parade. Engagement with streaming drives growth of the global music market . Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook And in the music industry, I can tell you that as well as working on perfecting your talent, your network is the most valuable thing you’ll ever have. However, the global electronic music industry has multiple revenue streams. The headline figure: global recorded music revenues grew by 8.2% to $20.2bn in 2019, fuelled by streaming, which for the first time accounted for more than half of the total. These streams can be broadly divided into hardware and software creation companies, festivals and clubs, DJ earnings and recording companies. Global music market is consolidated market with various companies undergoing mergers and acquisitions, partnerships and strategic alliances in order to increase their market share. Click on the map for the growth figures in each region. Advertising spending in the U.S. 2015-2022, Profit from additional features with an Employee Account. Trends in the Industry Value Chain: After Conclusion 3. The US streaming income increased by 80.5%, growing by 7.6% overall, a vast improvement over 2015's growth of 1%. Then you can access your favorite statistics via the star in the header. Among the many individuals and organizations that operate in the industry … Global Online Music Streaming industry profile provides top-line qualitative and quantitative summary information including: market size (value 2013-17, and forecast to 2022). The global recorded music industry grew $1.1 billion in 2016 to reach $16.1 billion — the largest growth its seen in over 15 years.. That number’s up 7% on 2015, according to MiDIA research. Directly accessible data for 170 industries from 50 countries Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Distribution of K-pop YouTube views worldwide 2019, by country, SM Entertainment sales revenue worldwide 2014-2019. But in fact both Hollywood and the global music industry are dwarfed by video games. Music Industry: Timeline 4. Statista. Please contact us to get started with full access to dossiers, forecasts, studies and international data. The Corporate Music industry has had a monopoly on what youths from all around the world listen to. Overall, digital revenue growth increased by 17% to US$7.8B. Expect concerts and music festivals to capitalize on the growing demand for … Accessed December 05, 2020. https://www.statista.com/statistics/267784/music-downloads-revenues-since-2005/, TechNavio. The world's largest recorded music markets are listed annually by the International Federation of the Phonographic Industry (IFPI). Figure 1: The revenues for video games dwarfs those of music … Value Chain: After Who keeps the cyber money? However, the global electronic music industry has multiple revenue streams. ... We are committed to protecting the integrity of music rights and promoting the value of intellectual property on behalf of creators. Profit from additional features by authenticating your Admin account. Developing music markets also enjoyed growth due to streaming, with significant 2016 revenue increases in China (20.3%,) India (26.2%) and Mexico (23.6%). The global music industry. That streaming income … Business Intelligence in the Music Industry Value Chain: Ensuring Sustainability in a Turbulent Business Environment: 10.4018/978-1-4666-9562-7.ch077: The arrival of the internet and the availability of music in digital formats have altered the landscape of the music industry. The industry has witnessed an increase in digital music, mainly streaming services which accounted for half the revenue. While the revenue from CDs took an expected hit, registering a 7.6% decline, digital downloads also suffered, decreasing by 20.5% over 2015. The recorded music industry was worth $19.1 billion in 2018, which was almost a double-digit gain (9.7%) from the year prior, when the global business only rose by 7.4%. and over 1 Mio. facts. Although it accounts for 14% of the market, IFPI suggests it is significantly undervalued. Duke University Global Value Chains Center (Duke GVCC) Erwin Mill Building, Suite A116 2024 W. Main St. Durham, NC 27705 email@example.com The music streaming market was valued at US$ 6,423.6 Mn in 2017, and is projected to grow significantly to reach US$ 33,489.4 Mn by 2026 due to complimented by the decreasing data charges and increasing internet speed. Streaming revenue reached $5.4bn last year, growing 57% year-on-year and up from $3.5bn in 2015. The digital revenue growth of 16.5% offset the declining physical sales of -17.1%, with streaming revenue increasing by 84.1%. (EDM) Electronic Dance Music Statistics 2017-2018 & 2019 Updated 07/06/2019 EDM club nights generated $965 million in 2018 ~160,000,000 EDM festival tickets were sold annually. They're exploiting safe harbour laws, distorting competition and undervaluing music. This paper examines the impact The global music streaming market is expected to grow at a CAGR of 19.8% during the forecast period. The main reason for this is the increased focus placed on performing live by recording artists, as a result of declining revenues from the sale of recorded music. Music Industry: Timeline 5. Although the 2016 Global Music Market numbers reveal worldwide revenue growth of 5.9% to $15.7B (all numbers in U.S. dollars) - good news in the wake of the 2015 increase of 3.6%, the first improvement since 2000 - IFPI says the good news should be tempered by the fact that the industry suffered a 40% loss of value the preceding 15 years.
2020 global music industry value