music industry revenue 2019



from SOCAN and URI..? Register in seconds and access exclusive features. The point I want to drive home with you is that these numbers should not drive what you do as an independent artist. That streaming income grew by 22.9% in 2019, including a 24.1% increase in paid subscriptions, which is now 42% of the total. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Let's chat! Accessed December 05, 2020. https://www.statista.com/statistics/272305/global-revenue-of-the-music-industry/, MIDiA Research. The amount of money spent on CD albums in the UK last year fell 24.7% to £217m ($277m), according to ERA’s figures. The figure includes streaming profits from each leading platform and accounts for both premium and paid versions. Learn more about how Statista can support your business. Chart. The annual analysis of recorded music’s total earnings indicated that U.S. recorded music revenue grew by an impressive 13 percent, from $9.8 billion in 2018 to $11.1 billion in 2019. Corporate solution including all features. We need a brand new Platform owned and operated by the creative people and not the middle men! Then you can access your favorite statistics via the star in the header. The total export revenue of the music industry was £2.9bn, up from £2.7bn in the previous year. The European music sector accounts for over 1 million jobs and € 25 bn in turnover. Finally, digital and customized radio revenue fell four percent from 2018, to $1.16 billion. At $6.8 billion, paid streaming revenue was 25 percent greater than in 2018 and accounted for 77 percent of all 2019 streaming earnings; digital radio came in second, streaming-wise, and ad-supported on-demand audio and video media followed in a close third place. Notably, though, CD revenue declined by 12 percent from 2018, to $615 million; vinyl revenue increased by 19 percent, to $504 million, and continued the 14-year growth trend. And then these middlemen pay as little as possible to the artists and down down down goes the quality of music. When will the musicians wake up and do something to fix the music business? Streaming may be going strong now, but I predict $.99 downloads will make a strong comeback. This statistic is not included in your account. Also worth noting is that paid streaming services brought vastly larger profits than both ad-supported on-demand music and digital radio services. and over 1 Mio. So, what is the “State of the Music Industry in 2019?” Murky. ARIA today released its 2019 wholesale figures, which showed a 5.5% annual increase from 2018 figures. Revenue increases were driven by the number of paid subscriptions exceeding 60 million for the first time. Moreover, 2019’s total represents the largest amount earned by vinyl since 1988. Global recorded music revenue from 1999 to 2019 (in billion U.S. dollars) [Graph]. Please create an employee account to be able to mark statistics as favorites. Profit from additional features by authenticating your Admin account. In 2015, less than 11 million Americans subscribed to premium music services, and though the figure has grown tremendously each year, the 29 percent hike from 2018 to 2019 was the single largest year-over-year increase yet in terms of absolute subscriber gains. Cross-sector trade group UK Music has reported that the economic impact of the British music industry in 2019 was £5.8 billion, up 11% from the previous year. Because right now there is little point in spending months recording great new music when the middle men continue to control everything and keep most of the money. Unearth by being investigative.. like why Jeff Price went M.I.A. The wholesale revenues have tripled in the course of just three years, from under 100 million in 2014 to 292.3 million in 2017. What a Top Music Industry Attorney Thinks About the Rise In Copyright Trolling — Our Latest Podcast, ‘Bone Conduction’ Headphones Don’t Go Over Your Ears — But Still Transmit Sound to Your Inner Cochlea, Rapper Casanova Arrested on Federal Racketeering, Drug, and Gun Possession Charges, Foals Keyboardist Says Bands Should Stop Touring to Save the Environment, Who Killed Selena? … Revenue from those services is now 63… And so we continue with all the money going to the people who have nothing to do with making the music! The fact is this, there is no one way to do it today. As streaming figures have increased each year since 2015, digital downloads have fallen each year since 2015. However, music fans still spent nearly $900 million to own digital versions of their favorite songs in 2019. IFPI GLOBAL MUSIC REPORT 2019 STATE OF THE INDUSTRY GLOBAL CHARTS 11. Please do not hesitate to contact me. Record Industry in China . RIAA breakdown of 2019 streaming revenues, part of its broader recorded music market report. At wholesale value, revenues rose 16% to $3.5 billion. Streaming music accounted for 80% of industry revenues. It seems likely that vinyl will grow and CDs will falter in 2020 and beyond, though their relative performances are uncertain and will determine the trajectory of music’s physical earnings. It is important to note that the information presented in this page only accounts for revenue generated from the recorded music industry (recorded music and auxiliary revenues generated by these recordings), and is not reflective of the entirety of the music industry including sectors such as publishing, live music, etc. March 5, 2020. It Ain't All Daisies & Butterflies — Our Latest Podcast, Meet the Artist Who Is Literally Saving His Fans’ Lives — Our Latest Podcast, How to Game the Billboard Charts (And Why You Shouldn’t) — Our Latest Podcast, How to Protect Yourself From the Copyright Trolls — Our Latest Podcast, Stop Chasing Playlists and Start Building a Music Career — Our Latest Podcast, Are Hit Songs Under Attack? Wonder why???? Music business revenues are breaking records according to the latest figures from industry body the PRS/MCPS, while Spotify has smashed through the … 2019’s streaming revenue jumped by nearly a fifth from 2018’s level, to 79.5 percent of all U.S. recorded music earnings. My coverage focus spans streaming platforms, artist royalties, format disruption, the vinyl resurgence, copyright battles, startup struggles, and financing/m&a. ARIA 2019 MUSIC INDUSTRY FIGURES SHOW 5.5% GROWTH. Incidentally, 2019 was the first year since 2006 to see digital-download earnings fall below one billion dollars. Total revenues grew 18% to $5.4 billion at retail in the first half of 2019. export revenue of the music industry was £2.7 billion and employment in the industry hit 190,935. Click on the map for the growth figures in each region. "Global Recorded Music Revenue from 1999 to 2019 (in Billion U.S. You only have access to basic statistics. A Disaster.’, Finneas Claps Back Against Haters, Denies Parents Had Connections in the Music Industry, Anghami Says They’re Juggling Multiple Investment and Acquisition Offers, Taylor Swift Isn’t Just Re-Recording Her Old Songs — She’s Already Licensed the First Re-Recorded Track, Universal Music Group Is Now Building Content Studios — Starting In London and LA, What Is Trap Music? facts. Get exciting news, exclusive insights through leaders’ interviews, and much more! 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. Global music sales grew for the fourth consecutive year in 2018 with streaming now accounting for almost half of all label revenue, according to the International Federation of … 60% of Pro musicians have QUIT THE MUSIC BUSINESS! display: none !important; Physical sales accounted for 10 percent of 2019’s recorded music revenue, while digital downloads came in at eight percent, and the quickly growing sync sphere delivered two percent. Statista. Ariana Grande. 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 These statistics show that music continues to be a firmly established part of our cultural fabric and a vital part of the economy. A paid subscription is required for full access. The industry … You need a Single Account for unlimited access. New, Figures and insights about the advertising and media world, Industry Outlook In 2019, earnings from physical music and related products essentially stayed the same as in 2018, decreasing by .6 percent overall. The global recorded music industry generated $20.2bn in wholesale revenues – that’s the money making its way back to labels and artists – in 2019. MIDiA Research. Dynamic, diverse markets drive global growth In 2018, the global recorded music market grew by 9.7%. That definition will put total revenue of the U.S. music market at whopping 43$ billion. Sony Music’s reported total annual recorded music revenues in 2019 grew by $255m (to $4.17bn), while Warner’s gain in the year was $386m (to $3.88bn) Universal’s biggest selling artists in 2019 included Billie Eilish, Post Malone and Taylor Swift (pictured). In fact, it was 56.1% with $11.4bn of revenues. There are more numbers then the ones on this surface. In, MIDiA Research. Engagement with streaming drives growth of the global music market . Even more staggeringly, year-2019 streaming figures are eclipsing entire recorded industry totals from previous years, including as recently as 2017. It is the fourth consecutive year of global growth and the highest rate of growth since IFPI began tracking the market in 1997. (March 5, 2020). Perhaps the most telling component of streaming’s contribution to music earnings is that 2019’s streaming market was larger than the entire recorded music market in 2017. This feature is limited to our corporate solutions. +  four  =  seven .hide-if-no-js { 2019’s total digital downloads dipped from 2018’s level, presumably because of the well-documented rise of paid streaming services. The gross revenue from live music tour performances reached 5.55 billion U.S. dollars in 2019, up slightly from the year before and significantly higher than the figure recorded back in 2012. }, eight  +   =  10 .hide-if-no-js { Directly accessible data for 170 industries from 50 countries }. 60.4 million Americans paid for music streaming in 2019, up approximately 29 percent from 49.6 million in 2018. 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