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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 ).
This article outlines trends in popular music during the 2020s, primarily in English-speaking countries. The early years of the decade presented challenges for the music industry, as the COVID-19 pandemic led to widespread concert cancellations due to health concerns. By mid-2023, the industry recorded its highest annual revenue to date ($8.4 ...
This trend has broader implications in the use of formats. It has been a trend in music, television, movies, and print. The Recording Industry Association of America (RIAA) reported data on the music industry's sales by format over the ten-year period from 1998 until 2007. The data in the table below is from the 2007 report.
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 ...
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.
Launched in 2003, the iTunes Music Store is the global leader in a-la-carte digital music downloads, with over 26 million songs being offered in their database as of September 2012. [2] Pricing: The iTunes music store has a three-tiered pricing system, with songs selling for either $.69, $.99, or $1.29 depending on popularity and demand. [3]
Lauren Davis has been promoted to associate chair of New York University’s Clive Davis Institute of Recorded Music. She will work alongside Nick Sansano, chair of the Clive Davis Institute.
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 ...