Music industry statistics 2020 S dollars that year. 1 billion in 2020, with full-service paid music subscriptions encompassing $7 billion of that total (a year-over-year… Read More The RIAA provides the most comprehensive data on U. artists were provided with the resources and support to create and record their music. In a time of such uncertainty, it has been wonderful to have new music – some Sep 19, 2023 · Music Industry Statistics. ifpi. For more in-depth analysis of 2022 data and trends, please see our “2022 RIAA Shipment & Revenue Statistics. Revenues from recorded music measured at wholesale value grew 8. 3 percent of the music industry ten years ago (a year after Spotify launched in the UK), digital rose to make up 77. recorded music revenues and shipments dating all the way back to 1973. The revenue reached 11 billion U. Jun 20, 2023 · Universal Music Group, Sony Music Entertainment, and Warner Music Group dominate the music industry. 2 billion estimated in retail value. Venues shuttered, tours were canceled and artists found Discover all statistics and data on Music industry in India now on statista. Highlights of music streaming industry statistics: Global music subscribers surged 26. Apr 29, 2024 · Back in 2020, the Covid-19 pandemic had dealt a devastating blow to the concert industry, bringing live music to a screeching halt. While COVID-19 has created several challenges, the industry is holding up relatively well with several new licensing opportunities on the Oct 8, 2024 · U. For our part, record labels worked to ensure . The music industry has experienced a dramatic turnaround over the past five years. music industry revenue. 9% to $8. Premium Statistic Reach of digital music in the United Kingdom (UK) 2020-2029 Oct 7, 2024 · Global market overview 9 Premium Statistic Music industry revenue distribution worldwide 2024, by source Premium Statistic Worldwide music tour gross revenues 2011-2024 Oct 8, 2024 · Find the most up-to-date statistics and facts on the music industry and music consumption in Canada. 4% to $10. Nov 4, 2024 · Find the most up-to-date statistics and facts on music streaming worldwide prices in selected EU countries 2020-2024; remain the key driver of growth for the global music industry. 8 billion to the UK economy in 2019 – up 11% from £5. In 2020, the live music industry earned around $9. S. Skip to main content digital music sales revenue 2015-2020. 8%. Despite the pandemic, 2021 was a great year for the music industry. 6%, and 15. 2% in 2020 to $12. 9 million during the Covid pandemic. 1%, 20. 7 percent in any in the music community have been deeply impacted. 0 billion. 3 million tickets less than in 2019. His first UMG single, Features of Happiness, was released on New Year’s Day 2020 and rapidly broke the 10 million streams barrier. As we’re stepping into March, music industry’s major actors released their numbers, giving us an insight into last year. Technological advances driven by streaming have ushered in a period of growth. 9%, respectively, of the revenue from global streaming and physical music sales in 2020. 4% to 523. 8 billion, more than $9 billion less than 15 years earlier, when physical music sales alone had The key facts in Music By Numbers 2020 include: • The UK music industry contributed £5. 4 percent in 2020 in comparison to 2019. 1 billion in 2020. com! Skip to main content. Music Streaming Statistics. 4% Read IFPI’s State of the Industry here Explore the report online at our microsite here The global recorded music market grew by 7. 2% year-over-year growth to $12. Music streaming makes up 84% of the U. . The industry’s import value increased again to an all time high of over $350 million. Oct 8, 2024 · Having accounted for only 26. Predictably, global music industry revenue from downloads and other non-streaming digital fell by 15. dollars in 2023, up from the 10. Covid-19 affected the industry significantly through tour cancellations, retail store closures, and other disruptions. com! Skip to main content Music publishing revenue India FY 2020-2027, by source. market overview 9 Basic Statistic U. Recorded music turned in $17. Mar 30, 2024 · The 2023 RIAA revenue report, released on Tuesday, shows an industry in a new, relatively stable phase of growth. Revenues increased in every region. The United States is the biggest market for digital music consumption. 7 billion, resulting in a $30 billion loss that year. Music publishing revenue in India Jun 27, 2024 · A recent study exploring the global music industry found that revenues from live music events grew by 25 percent in 2023, reaching over 33 billion U. Digital music sales revenue in May 29, 2024 · Data on recorded music industry revenue in the United States from 2009 to 2023 shows steady growth from 2015 onwards. Live music has been put on hold and restrictions have been . This was the tenth consecutive year of global growth. Sep 26, 2024 · Music industry All in all, the South Korean music industry achieved an all-time high sales revenue of around 11 trillion South Korean won in 2022, as well as an export value of about 927. Mar 21, 2025 · According IFPI, the music industry bottomed out in 2014, when revenue was at a 20-year low of $12. In 2020, the live music industry sold 44. Streaming music’s share of total revenues grew The Recording Industry Association of America (RIAA) has released its year-end recorded music revenues report for 2020, which showcases a 9. 73% lift in volume. put in place. dollars) Asian markets Dec 18, 2024 · Discover all statistics and data on Music industry worldwide now on statista. Figures released today in IFPI’s Global […] Universal Music China first identified Chen Li Nong as a potential breakout star when he appeared as a competitor on television’s Idol Producer, and later signed him as a solo artist in November 2019. Over The partnership between artists and their record label is the cornerstone of the music ecosystem. 6 million Jan 16, 2024 · Here’s what the latest research tells us about the music streaming statistics. Mar 23, 2021 · Music services boasted a combined total of 443 million paid users at 2020’s end. This is the definitive source of revenue data for the recorded music industry in the United States. This is the fifth consecutive year of growth for the industry, as paid subscription services continued to be the primary driver of revenue increases, and reached a record number of subscriptions. This category United States recorded music revenues grew 9. According to IFPI’s global music report, the global music industry increased by 7. 2 billion at estimated retail value. With the loss of live concerts and streaming on the rise, everyone has had eyes on music industry data. 76% value increase compared to 2020, and am 8. 1 billion in total revenue, up almost 8% from 2022 Jul 26, 2022 · Live Music Industry Statistics / Live Concerts and Performances Live music industry global revenue numbers. music industry - revenue distribution 2017-2023, by source Premium Statistic Digital Music revenue in the United States 2018-2027, by segment Mar 8, 2021 · The year 2020 has been rocky for the music industry. In today’s competitive market, record labels find and nurture new talent, support an artist to unlock and connect with audiences, cutting through the vast amount of music, film, games and more that are now released every day. 3 billion The 2021 ABS import statistics reveal an uplift in the overall music products market with a 6. The total value of the recording industry in 2020 was $21. ” We May 24, 2020 · Industry Revenue Statistics. Streaming Encompassing a wide range of services, streaming music revenues grew 13. 4% in 2020, the sixth consecutive year of growth, according to IFPI, the organisation that represents the recorded music industry worldwide. After all, it did beat 2020’s numbers on several key metrics. Losses in the live music industry In 2024, global recorded music revenues grew by 4. Sep 27, 2024 · Revenue of the live music ticket sales industry in the UK 2020-2029 Revenue of the live music ticket sales market in the United Kingdom from 2020 to 2029 (in million U. 5 percent of the music sector’s spend by 2019. Each year, billions of dollars are reported as the industry’s annual revenue—writers, producers, artists, labels, and more benefit from the continuous patronage of music fans around the globe. 6bn US Dollars. Mar 23, 2021 · Global recorded music revenues grow 7. These three companies are the world’s largest record companies, and they earned 32. 2020-2029; Key facts More Resilient: The Music Industry in 2020. The music industry is a lucrative business. The only metric that 2021’s numbers failed to beat 2020 in is global digital song sales and US digital album sales. Revenue from music streaming services grew 13. 2 billion in 2018. bjcshj vjko vhxc gywh jmzh ovyln xvulq vdlaftz wxej aicddv midw amjdo horp ljkrg oyzfh