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After all, the global recorded music industry trade body’s report has chronicled both the industry’s long, painful period of physical decline and celebrated its streaming-led return to growth ...
The world's largest recorded music markets are listed annually by the International Federation of the Phonographic Industry (IFPI). The ranking is based on retail value (rather than units) each market generates respectively per year; retail value generated by each market varies from year to year.
Global recorded music revenues grew for the ninth year running in 2023, increasing 10.2% to $28.6 billion mainly thanks to a rise in paid streaming subscribers, a report said on Thursday. Paid ...
Global recorded-music revenue growth slowed down dramatically in 2022 but still was up 9% according to the year-end report from the International Federation of the Phonographic Industry’s ...
The Recording Industry Association of America (RIAA) revealed in its 2015 earnings report that streaming services were responsible for 34.3 percent of the year's U.S. recorded-music-industry revenue, growing 29 percent from the previous year and becoming the largest source of income, pulling in around $2.4 billion.
Global revenue for recorded music had a significant bump in 2020, growing by 7% despite the pandemic, according to a new study released by Midia Research. That came despite a second quarter where ...
[6] [7] The collapse of record sales also made artists rely on touring for most of their income. [8] By 2019, record sales accounted for less than half of global recorded music revenue, overtaken by streaming. [9] Following the inclusion of streaming into record charts in the mid-2010s, record sales are also referred to as traditional sales or ...
The overall 7% growth for the industry saw revenues of $23.1 billion coming in for the year, a $1.5 billion leap over 2019. In particular, artists releasing their music themselves have powered ...