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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.
Luminate Data reports attributed 1.79 percent of the United States music market in 2023 to Swift alone, the largest annual share for an artist. The report claimed that if Swift were a genre, she would be the ninth most consumed genre of 2023, bigger than jazz entirely and trailing only behind Christian music. [314]
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.
The impact factor was devised by Eugene Garfield, the founder of the Institute for Scientific Information (ISI) in Philadelphia. Impact factors began to be calculated yearly starting from 1975 for journals listed in the Journal Citation Reports (JCR). ISI was acquired by Thomson Scientific & Healthcare in 1992, [4] and became known as Thomson ISI.
UPDATED: Universal Music Group, the world’s largest music company, reported revenue of €2,870 million for the third quarter — an increase of 4.3% year-over-year, or 4.9% in constant currency ...
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 ).
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.
Music Business Worldwide (MBW) is a global music industry news and analysis website launched in 2015 by former Music Week editor Tim Ingham. As of December 2020, it ranked 22,845 in the list of most visited global websites according to Alexa Internet .