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How much is the music industry worth? Zippia

For starters: Goldman now believes that annual global trade revenues washing into the recorded music industry (labels, distributors, and artists) are going to grow to USD $53.2 billion by 2030.. That's up by $7.5 billion on Goldman's prior most recent projection ($45.7bn).It's also more than double the size of worldwide record biz revenues last year ($25.9bn) as counted by the IFPI.

The Global Music Industry Will Decline in 2020

In May 2020, Goldman Sachs estimated the entire music industry's revenue (live, recorded, and publishing) to increase from $62 billion in 2017 to $131 billion in 2030, representing a 6% CAGR. The 2030 estimate was an increase on its original prediction of $104 billion, made in October 2016.

The global music copyright business is worth more than you think and grew by nearly 1bn last

For instance, Goldman Sachs' much-discussed "Music in the Air" has forecasted $92 billion in 2023 music revenue as well as $151.4 billion in revenue for 2030, with both all-encompassing.

globalEDGE Blog How has the Global Music Industry Been Impacted by the Pandemic? >> globalEDGE

Here are some physical media statistics and facts for 2022. 15. The total revenue of the recorded music industry is $23.1 billion. As of 2020, the total revenue of the recorded music industry is $23.1 billion. However, 56% of the figure is made up of streaming sales.

Music sales hit new record thanks to surge in streaming World Economic Forum

The country's recorded music industry saw $12.2 billion in revenue in 2020, which increased to $15 billion in 2021. The global music industry's annual revenue increased by 18.5% from 2020 to 2021. In 2020, the industry earned $21.9 billion in revenue, and in 2021, it earned $25.9 billion. The number of Americans with paid streaming.

The Latest US Music Industry Stats and Trends [2022]

This year's version of the report looks particularly promising as, according to IFPI, in 2021, recorded music revenues marked their seventh consecutive year of growth, reaching the level of US$25.9 billion, corresponding to an increase of 18.5% compared to 2020 and the highest revenue levels ever experienced by the recorded music global.

The Global Music Industry Hit 19 Billion In Sales In 2018, Rising By Almost 10

Gone are the days when people would line up at the music shop for a hot new release. In fact, CD sales are down 80% in the past decade. Today, physical format sales only account for 17% of the industry's revenue. There is, however, one bright spot in physical format segment: vinyl. In 2017, vinyl sales hit 25-year high after making a slow and.

Music Industry Revenue Today Careers in Music

The Music Market size is estimated at USD 30.70 billion in 2024, and is expected to reach USD 45.65 billion by 2029, growing at a CAGR of 8.54% during the forecast period (2024-2029). The music industry has reached a new level of internationalization. The international music community has never been more connected, and fans and artists alike.

The current worth and future of the global recorded music industry Daily Music Roll

In 2023, the total revenue of the recorded music industry amounted to 28.6 billion U.S. dollars. Global streaming revenues reached 19.3 billion U.S. dollars in the same year.

The Recorded Music Industry Did Okay Last Year With 12 Billion in Revenue Music 3.0 Music

That includes a headline figure for the latter: global revenues of $9.03bn in 2023, the first time they have been more than $9bn. That represented 10.9% growth year-on-year. As for market shares, M&C calculated that Sony Music Publishing increased its lead over rivals, taking 24.9% of global revenues - up from 24.7% in 2022.

6.4 Current Popular Trends in the Music Industry Understanding Media and Culture

The global music streaming market, on the other hand, can be divided into digital, performance, synchronization and mechanical, in terms of category.. Streaming Revenue as % of Total Music Industry Revenue in the U.S. (2016-2020) Total Number of Global Social Media Users (July 2019- July 2021) Global Music Market by Value (2017-2021)

Global recorded music industry revenues 2000 2018 YouTube

2023 was another good year for the music industry. According to IFPI's latest Global Music Report, worldwide recorded music revenues climbed 10 percent to $28.6 billion last year, a new record.

Top 225 & Global Market Report

In the IFPI's annual Global Music Report covering the music industry 2023, revenues jumped 10% to $28.6 billion, the highest figure since 1999.

The Music Industry A MultiBillion Dollar Industry Thales Learning & Development

The UK music industry grew at a slightly slower rate than the global average, with revenues up 12.8% to £1.3bn, according to the BPI - but it remains the third biggest music market in the world.

Streaming accounted for nearly half of music revenues worldwide in 2018 TechCrunch

The recorded music industry was worth $19.1 billion in 2018, which was almost a double-digit gain (9.7%) from the year prior, when the global business only rose by 7.4%. This is the largest total.

Recorded Music Industry Revenues [OC] dataisbeautiful

In 2018, preliminary estimates suggested that the total revenue of the global music industry amounted to 53.77 billion U.S. dollars, up from just under 51 billion a year earlier. The figure is.