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. Last fall, streaming was responsible for up to 75 percent of the country's total music industry revenue. This figure was up 8.2% on the prior year ($18.7bn), according to official industry data revealed in the … The global recorded music industry’s streaming revenue has grown steadily from $1 billion in 2012 to $8.9 billion in 2018. The global recorded music market grew by 9.7% in 2018, the fourth consecutive year of growth. The RIAA released its semiannual compilation of recorded music revenues this week. Updating its projected forecast, Goldman Sachs forecasts overall music revenue to more than double to about $131 billion by 2030. According to IFPI Global Music Report 2016,the industry generated $4.898 billion in 2015 and was ranked the largest music industry in the world. Streaming is King . In 2020, total video games and eSports revenue in the United States was US$29.1bn, up from US$27.2bn in 2019, and is set to grow to US$37.1bn in 2024 at a CAGR of 6.4%. According to PwC’s 2017 Global Entertainment and Media Outlook forecast, total music industry revenues will grow for a fourth consecutive year to US$49 billion this year.. Year-over-year growth of 31% brought total subscription revenues … Growth in the music industry is due to increased consumption of digital music, particularly online streaming. The record industry has seen a lot of change over the years. The headline figure is $19.1bn: that’s the total revenue for recorded music last year, up … Taylor Swift is just one artist who famously removed her music from streaming sites because she claimed streaming services were hurting the industry. Today, music is truly global. For 2019, total revenues for the global recorded-music business grew by 8.2% to $20.2 billion, with streaming revenue growing 22.9% to $11.4 billion — … The International Federation of the Phonographic Industry, or IFPI, released its annual Global Music Report on Tuesday, revealing 9.7-per-cent revenue growth worldwide last year to … After weathering decades of decline, the global recorded music industry saw its fourth consecutive year of revenue … The U.S. music market seems to be utterly reliant on streaming as the music consumption medium. The United States music industry generates billions of dollars every year and is home to many of the world's most renowned musicians. Paid subscriptions continued to be the biggest source of revenue for recorded music. In total, global music revenue totaled $62 billion. The INTERNATIONAL FEDERATION OF THE PHONOGRAPHIC INDUSTRY's (IFPI) "Global Music Report 2020" states the global recorded music industry generated $20.2 billion in wholesale revenues in 2019. According to the IFPI’s Global Music Report 2019 released today, the global recorded music market grew for the fourth consecutive year, increasing by 9.7 percent in … Stock Music Market - Global Outlook and Forecast 2019-2024 : August 2019 $ 3500 Global Music Synthesizers Industry : September 2020 $ 4950 South America Music Streaming Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Content Type, Streaming Type, and End User : … Additionally, in 2019, the music industry posted a 32.9% growth in paid streaming revenue. For more in-depth analysis of 2019 data and trends, please see our “2019 RIAA Shipment & Revenue Statistics. We are a truly global music industry. The Recording Industry Association of America states that the industry grew by 11.4% in 2016 reaching $7.7 billion. Streaming music revenues, in … Breaking down entertainment industries in the Global Entertainment and Media Outlook 2018-2022 report, PwC reveals live music revenue will increase at a compound annual growth rate (CAGR) of 3.3% heading into 2022. Streaming has driven the US music industry for a few years. The surge in streaming has been a … The indu… Global recorded music industry revenues rose last year for the first time since 1999, thanks to the rapid expansion of digital download and subscription services. Live music has been about 33% of these total revenues each and every year. Digital revenues grew 19.1% to USD 9.4 billion and accounted for 54% of total recorded music industry revenues worldwide according to IFPI. A stark report on what the global live industry could have been in 2020 reveals some staggering math. While live music remains the largest single driver of industry revenue (as it has since the mid-to-late 2000s, when demand for physical product fell away), the rejuvenated recorded music sector is snapping at live’s heels, with global recorded music revenues reaching $26.7bn last year, according to PwC’s analysts, who note: “Digital music-streaming revenues, which grew 28.8% in 2018, were the … This is the definitive source of revenue data for the recorded music industry in the United States. Its annual Global Music Report, which is published today, reveals that strong growth in streaming revenues more than made up for the continued decline in sales of CDs and music downloads. Music, Film, TV and Political News Coverage. Pollstar looked at the preliminary gross revenue for … Overall, the industry had a 34% growth in total streaming revenue. 8-tracks took a short-lived run at the dominance of vinyl, cassettes faded away as compact discs took the world by storm, and through it all, the music industry saw its revenue continue to climb. Since 2006, worldwide music industry revenues have been more than $60 billion each year. Global music industry revenues totaled roughly $15 billion in 2015, while the live music equivalent totaled nearly double, at $29 billion. The report focuses on well-known providers in the global Music industry, market segments, competition, and the macro environment. People love listening to their favorite records at home, but investing in a musician or a band and going to a live event provides a valuable social experience. Figures released today in IFPI’s Global Music Report 2019 show total revenues for 2018 were US$19.1 billion. The number of jobs sustained by music tourism was 45,530 last year, a record high, with overall employment in the music industry also at an all-time high of 190,935. The RIAA provides the most comprehensive data on U.S. recorded music revenues and shipments dating all the way back to 1973. According to a new industry report, global recorded music revenues jumped 9.7 percent in 2018 to reach $19.1 billion — up from $17.4 billion in 2017. The US video game and eSports industry continues to see healthy growth across all segments. This includes ticket… Read More China, a new entrant to the global … Live music revenues to top $30bn for first time The global live music industry will continue to grow steadily over the next four years, with music streaming and esports also booming, according to the latest PwC Outlook By Jon Chapple on 26 Oct 2018 U2’s Live Nation-promoted Joshua Tree 2017 tour was last year's most successful, grossing $316m The turmoil in the recorded-music industry in the 2000s altered the historically anomalous twentieth-century balance between artists, record companies, promoters, retail music … Worldwide recorded music revenues surged 9.7% to $19.1bn (£14.6bn) in 2018, the fastest rate of growth since at least 1997 when the Oasis … This contrasts with the $14.6 billion in revenue that was received in 1999 by the U.S. music industry from the sale of CDs. According to a new study from Pricewaterhouse Coopers (PwC), the live concert industry will experience significant growth during the next few years. 40 Years of Music Industry Sales. Paid subscriptions alone made up 62% of overall industry revenues, and they accounted for 77% of U.S. streaming music revenues for the first half of 2019.