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The main branches of the music industry are the live music industry, the recording industry, and all the companies that train, support, supply and represent musicians. The recording industry produces three separate products: compositions (songs, pieces, lyrics), recordings (audio and video) and media (such as CDs or MP3s , and DVDs ).
Record sales Table is a meta-analysis of eight IFPI annual reports In 2008, 123m physical albums were sold in the UK, compared with 131m in 2007 and 151m in 2006. At an average price of £7.72, CDs were more than 25% cheaper in 2008 than in 2000.
The beginning of the 2020s decade was a difficult time for the music industry, as the COVID-19 pandemic resulted in widespread concert cancellations due to risks of mass infection. However, by mid-2023, the music industry recorded its highest annual revenue of all time ($8.4 billion), propelled by increased growth of streaming subscriptions.
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Large Drops in the Live Music and Concert Industries. The live music industry saw a 75% decline in 2020, according to Goldman Sachs. Up to 85% of live music revenue will be lost in the United ...
British group Pulp, best known for their 90s hit “Common People,” have signed a label deal with Rough Trade Records. The band played some reunion shows in 2022 and 2023, followed by a return ...
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.
Avex USA has tapped Ryusuke (Ryan) Kamada as chief financial officer. Kamada has been with Avex since 2018, and joined Avex USA from Avex’s Japanese headquarters in January 2020. Avex expanded ...