The 2010s saw the rise in popularity of K-Pop, for instance. IFPI Global Music Report 2019: Music Sales Rise For Fourth Straight Year to $19 Billion Post Malone had the biggest first-week on-demand audio streams in 2019 with 365.4 million. And in just a few years, streaming has now become an integral part of the industry. rG�y�l 0000008835 00000 n 0000043285 00000 n There isn’t necessarily a reliable way to get hold of the latest stats and studies about the industry. It’s the fastest-growing economy out of the top-10, projected 7% CAGR up until 2023.This almost unprecedented economic growth is powered by the … More than 1.2 trillion songs streamed on-demand in 2018. 0000059575 00000 n Smart Speaker Surge: Ownership Expands To One In Four Americans. Significant Yoga Statistics: 2019/2020 Benefits, Facts & Trends, 37 Leadership Statistics: 2019/2020 Data, Trends & Predictions. On the other hand, there are still a handful of artists that pull phenomenal sales even in the streaming era. IFPI, the organisation that represents the recorded music industry worldwide, today released the Music Listening 2019 report, which examines the ways in which music consumers aged 16 – 64 engage with recorded music across 21 countries. In almost all 2019 year-end reports, she is the only one who managed to sell 1 million pure copies. Having the cheap option of paying an average of as little as $10 per month, music lovers are more inclined to avail of streaming services. US K-Pop fans outspend the general population on total music spend. August 2019. The biggest market share in the industry belongs to independent labels with 41.4%. Only 37 songs have debuted at number one in the Hot 100. 0000051648 00000 n Recording industry: $2.6 billion in music sales in 2017; Majority of recording revenues in Japan are still generated by the physical format sales (while the global music industry is 54% digital) Streaming services generate less than 10% of the music sales; Publishing industry: The most stable part of the market, … 0000038952 00000 n Market Size & Industry Statistics. These statistics show that music continues to be a firmly established part of our cultural fabric and a vital part of the economy. d`b``Ń3� ���ţ�1�x4>� �� The global recorded music industry’s streaming revenue has grown steadily from $1 billion in 2012 to $8.9 billion in 2018. Streaming accounted for 79 percent of the U.S. music industry's revenue in 2019, up from 75 percent a year earlier and marking an increase of ten percent from 2017. Shania Twain is the top female soloist with 3 Diamond certifications. 8 Surprising Statistics Shaping The Music Industry Brant David McLaughlin of Music Industry Insights breaks down eight music industry statistics, revealing some unexpected areas of growth, as well as. IFPI Global Music Report 2019: Global Music Market Grows for Fourth Consecutive Year 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 2018 with a total reported revenue of US$19.1 billion. Once submitted, the general public can send a request to their local stations to play their favorite artists’ songs. Before the Covid-19 pandemic struck, the UK music industry contributed £5.8bn to the UK economy in 2019, according to the Music By Numbers study published by UK Music. Online radio is popular among Americans between 12 and 24 years old with 91% of them saying they listen to online radio. H�\�͊�@��>E-��Ѻuo$�N�!��a2� F+abĘE�~�xB��~���8Z�ov�]�M.�>^�}�ܱ��1^/����O]��k�fz\���\Y����)�w��U�����i���u{9��,�6�q���{���?�|�?���-�j��xL/�R_�st�DW��e�K�C�ı�O1�i[��#m�,���M8�pl~�cV���B5��UV���:�Y���JV�+��$��ِ7�-y~'�'������ ����LOOod�������ͯ�k��-��A� t8B���A� t8s��\A�0W�+�GЏ�A?�~��M:eU`W]������������O�g�g�g���E�,E�2K���Rd)�Y��� �,E�2K��̚�7e'�N��B�-��(�Q���Gُ�}����؏������o�7���������o�7���������o�7:���*��B��R�~���Y�i�V��4�qL�^r�y����sU.�K��g ��� endstream endobj 682 0 obj <> endobj 683 0 obj <> endobj 684 0 obj <> endobj 685 0 obj <>stream 0000004206 00000 n However, her 2019 album, Lover, failed to cross the 1 million mark with only 679,000 pure sales in its first week. September 2020. 0000035647 00000 n 8?����...gS8���3T�iUY��]{�¬&k/��k{mh���8ދc]����+x�W{p��l��-{�]�ˌ U�u�B��R� K-Pop fans also listen more to music than the average American. With the majority of music lovers on streaming platforms, record labels, and artists alike are most likely to take advantage of this by doing targeted ads to heavily promote their songs. 0000008723 00000 n 0000010139 00000 n The influence of the U.S. spreads far beyond the country's borders, securing its place as a trendsetter of the global music industry. For the full year 2019, total revenues for the global recorded music market grew by 8.2% to US$20.2 billion. Social media is used to look for new music by 31% of all teens. This is the definitive source of revenue data for the recorded music industry in the United States. 0000013307 00000 n The music industry is responsible for an estimated 1.9 million jobs in the United States alone, per the Recording Industry Association of America (RIAA). According to various year-end reports, streaming is showing no signs of slowing down. Independent labels employ about 3,900 people. The total export revenue of the music industry was £2.7 billion and employment in the industry hit 190,935. The number of jobs sustained by music tourism was 45,530 last year, a record high, with overall employment in the … The music industry is a bit of an enigma. Even in the streaming era, there is still a portion of the population that are fond of radios both online and in the airwaves. However, that’s not the case anymore in the streaming era. As of 2019, there are 3,338 independent labels in the US. 0000627634 00000 n Digital sales dominated the Classical genre, accounting for 12% of the total album equivalent units. Ed Sheeran’s Divide Tour is the highest-grossing tour of all time, grossing over $775,046,937. In 2017, 658 new artists signed to major labels. About $400 million of revenue will come from digital downloads in the US by 2024. 0000008038 00000 n Ed Sheeran’s “Thinking Out Loud” is the highest certified Diamond single for a male soloist, selling more than 12 million copies worldwide. The total export revenue of the music industry was £2.9bn, up from … 0000006102 00000 n Streaming made up nearly 80% of total revenues as the music industry has… However, unlike today, music back then was exclusive only to aristocrats and the wealthy. The music industry, by its definition, is a group consisting of various companies, producers, and artists that aim to create and sell new kinds of music, concert shows, and more. 0000002489 00000 n Nowadays, artists can release their songs through streaming platforms like SoundCloud, Spotify, YouTube, and more without the fear of not having full ownership of their works. 0000006005 00000 n 1 On the Hot 100, 4 Ways Taylor Swift’s ‘You Need To Calm Down’ Helped Her Make History Inside The Top 10, The 20 Top Selling iTunes Songs of All-Time, Forecast of Digital Music revenue by segment in the United States 2017-2024, Global recorded-music and music publishing market share results for 2018, Market Maker Review: Pricing, Pros, Cons & Features. That’s a fact. Employment in the UK music industry was a record 197,168 at the end of 2019. The reason for that is, one stream is not equivalent to one song sale. With more people streaming albums and songs on services like Spotify and Apple Music, labels and artists alike are troubled. Taylor Swift is the only artist in history to sell 1 million album units in the first week of release for 4 consecutive albums. This industry has been around for as early as the Rennaissance period. With 208 songs that charted, Drake is the number one artist with the most Hot 100 entries. The reported global digital music revenue in 2018 to $2.3 billion. For more in-depth analysis of 2019 data and trends, please see our “2019 RIAA Shipment & Revenue Statistics. 0000058764 00000 n The number of paid subscribers grew by 27.8% from 2017 to 2018. If your business has music-related content, capitalize on the behavior of music consumers to your benefit. September 2020. 0000002330 00000 n Taylor Swift’s Reputation Stadium Tour is the highest-grossing tour in the US and North American history, grossing $266.1 million. Global growth by region. 0000054380 00000 n 0000013838 00000 n $ 3500. $ 4950. 0000009232 00000 n The Music … 0000082164 00000 n However, addressing an audience and keeping everyone engaged throughout presentations can be…, In today’s world, data is king. Moreover, pop stars like Taylor Swift and Ed Sheeran are also rising to become giants in the concert scene with their respective tours raking in millions and breaking records. 0000043166 00000 n Before the dawn of the internet and streaming, for an artist to get famous, they need to sign a contract with a label. Every year, hundreds of artists start their tours around the world to perform in front of thousands of their fans. Americans spend 16 hours and 47 minutes listening to online radio. V�t�-�Φ� In 2019, digital sales revenue declined by -23.5%. Ariana Grande. Many music labels submit their artists’ songs to radio stations to widen their reach. The statistics in this article are not only meant to inform but to show you a clearer picture of the industry and its artists as a whole. The convenience brought by the advancement of technology was both a boon for music lovers and, somehow, a bane for the industry. 0000012217 00000 n “The Dark Side Of The Moon” by Pink Floyd is the longest-charting album on the Billboard Hot 200 with 950 weeks. Rock legends like U2 and The Rolling Stones are one of the most in-demand live performers in the past century. Moreover, record labels are also responsible for the marketing and radio releases of their artists’ works. The RIAA certified that “Despacito” by Luis Fonsi & Daddy Yankee sold over 13 million copies, making it the highest certified Diamond single. 0000664537 00000 n “I Gotta Feeling” by the Black Eyed Peas is iTunes best-selling song with 31 million copies sold. The emergence of music streaming disrupted the relatively straightforward business model of the music industry then. Streaming accounted for three-fourths of the total industry revenue in the US in 2018. h�bb Physical or pure sales are dying. 0000082086 00000 n As of 2019, there are 3,338 independent labels in the US. The US digital and customized radio services revenues were $1.16 billion in 2019. ... 2019, 10:59am EDT. 50 Cheating Statistics: 2019/2020 Demographics, Reasons & Who... 109 Technology Addiction Statistics: 2019/2020 Data, Facts &... 39 Employee Theft Statistics: 2019/2020 Impact & Costs... SAP SuccessFactors Review: Pricing, Pros, Cons & Features, WonScore by Wonderlic Review: Pricing, Pros, Cons & Features, Teradici Review: Pricing, Pros, Cons & Features, Top 10 Slido Alternatives & Competitors: Best Similar Audience Interaction Software, Compare Best Handguns For Self Defense: Beretta 92FS Vs. Glock 17 Gen4, Comparison of Cheap 9MM Pistols You Should Consider For Self-Defense, 10 Simple Exercises to Reduce Belly Fat at Home. Continued strong growth to more than 60 million paid subscriptions drove the U.S. music industry to its fourth consecutive year of double digit growth. 0000004760 00000 n 0000576453 00000 n Governments use it to diagnose inefficiencies while organizations use data to predict the future that they want to shape. Adele holds the record of the fastest-selling album for “25,” selling over 3,378,000 copies in its first week. Each month we help +100k companies to find efficient online tools. Discover all 2019 music industry trends in the brand-new Midem News Magazine. The music industry is a lucrative business. In the Top 225 report, we provide sales volume and statistics for the world's top manufacturers and distributors of musical … 0000006054 00000 n 0000014351 00000 n Slowly, the pure sales segment of the industry is declining. Music festivals in 2018 were attended by 23% of Americans. This is a point that the IFPI stresses in the … Structure of China's Music Industry and Key Statistics. There were 225 million paid music subscribers worldwide. Overall, the industry had a 34% growth in total streaming revenue. This number is expected to grow at an annual rate of 5.2%, which would eventually result to a market value of $43 million by 2023. In 2018, the US Census Bureau estimated that the revenue of US music publishers was $6.12 billion. These platforms offer compensation for artists who upload their work based on the number of views or streams it received within a certain period. The 2019 edition has just been released and it brings you the latest music industry trends. H�\��j�@E���^&��GWW' ����`�� Yj{�$dy῟��"c�}��u���~��٤?��9�ٜ����u�MM0�p��$/L�5�z�|6�zL�x�p����OCR�&�o^��n6�p�I�cj���g��{{x4��6�����d��LNqзz�^_�I�cO�6����S�1�b��)�m��u��?����2�{|UI�������SOI���g�j|�T��}�.v������,`Gv�-y��y�%J�9slN��� [�3�"�2�"�*Y���g��vC�Df ��Y�,a� K�%�f ��Y�,�df� W�+��ʒ�N�Ȏ�>����#�DZ�~=====}|}|�=(zP�W�W�W�W�W�W�W�W]�0{P���Aу2wy~��� U.S. music industry - revenue distribution 2017-2019, by source Retail value of music shipments in the U.S. from 1999 to 2019 Change in music sales in the U.S. 2009-2019 0000081575 00000 n Industry Data. 0000059497 00000 n Starting from 2017, albums are ranked based on the total sales plus streaming score or SPS. According to Statista.com, revenue in digital music currently amounts to $35 million (2019). 0000035893 00000 n As of March 2019, over 70% of the songs on Spotify’s Global Top-50 playlist were recorded by US-based artists. The Beatles topped Billboard’s Top 125 Greatest of all Time Artists. In 2019, Ed Sheeran sold about 2.5 million tickets. trailer <]/Prev 1025449/XRefStm 2138>> startxref 0 %%EOF 738 0 obj <>stream The annual growth of the industry’s revenue from streaming somehow mirrors the growth of the number of paid subscribers across all music streaming platforms. 0000606137 00000 n So, what is the “State of the Music Industry in 2019?” Murky. 0000059338 00000 n Led by Dr. Stacy L. Smith, the "Inclusion in the Recording Studio" report marks the Initiative’s second annual investigation into the music industry. 0000009958 00000 n In 2018, India became the 5th biggest economy in the world in terms of the current GDP. Lil Nas X’s “Old Town Road” is 2019’s most-streamed song with 2.5 billion on-demand streams. 0000043088 00000 n For over 125 years, Billboard has ranked every album and song released in the US based on how many copies it sold. �. Shania Twain’s “Come On Over” is RIAA’s highest certified Diamond album from a solo female artist with over 20 million units sold. The data in the Consumer Habits category came from a report from IFPI highlighting how... Financial Music Statistics. 0000025195 00000 n Sucker by Jonas Brothers garnered 849,000 in radios in 2019. Moreover, if you’re already in the business as an event organizer for concerts, you may want to look at various event management software that can help you out. One of the prominent chart makers is Billboard. 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. 0000007392 00000 n South Korean Pop music, commonly referred to as K-pop, emerged in the 1990s and reached regional and global recognition in the early 2000s, with a peak in 2018 with the two groups BTS and BLACKPINK. Breaking an artist into a major market can cost $2 million. Q1 2018 report from Nielsen came out March 20, 2018. Copyright © 2020 CompareCamp. Adele is the best-selling album artist of the decade, selling over 23,924,000 albums. 1s, Doja Cat’s ‘Say So,’ Featuring Nicki Minaj, Tops Billboard Hot 100, Becoming the First No. Japan (47%) and Germany (35%) are the two markets with the highest intent of purchasing physical copies. $ 3000. Click on the map for the growth figures in … Total number of … 0000059462 00000 n Sales Ranking Of Leading Music Companies Worldwide + Music Data On Top Global Markets The all new 2020 two-part Global Music Industry Sales Report is the only data package of its kind. Revenue increases were driven by the number of paid subscriptions exceeding 581million for the first time. 0000576375 00000 n Even sports teams like the Oakland Athletics…. Chart positions are also an important factor in determining a song’s success. 1 For Each, Here Are the 37 Hits That Have Debuted at No. By the end of 2018, there were 255 million users of paid subscription accounts globally. The total U.S. industry market size for Music Publishers: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.In addition to revenue, the industry market analysis shows information on employees, … U2’s 360° Tour has the highest average of attendance with 66,110 attendees per show. Groups like BTS, EXO, and many more took the world by storm. Total revenues grew 18% to $5.4 billion at retail in the first half of 2019. Previously, selling records was simple: buy a CD and that purchase will be tabulated in that week’s Billboard Hot 100 and in Nielsen SoundScan. The average industry growth of independent label music production in the US from 2014 to 2019 is 2.5%. 0000007278 00000 n On-demand streaming gained a positive 29.3% growth in 2019. Chinese music market is a single fastest growing market in the world, at least in terms of recording sales. “Eagles/Their Greatest Hits 1971-1975” is the highest certified Diamond album by the RIAA which more than 38 million copies. The way people consume music has drastically changed over the years. - endstream endobj 670 0 obj <>/Metadata 88 0 R/Pages 87 0 R/StructTreeRoot 90 0 R/Type/Catalog/ViewerPreferences<>>> endobj 671 0 obj >/PageWidthList<0 612.0>>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/TrimBox[0.0 0.0 612.0 792.0]/Type/Page>> endobj 672 0 obj <> endobj 673 0 obj <> endobj 674 0 obj <>stream 9 out of 10 social media users do music-related social media activity. 669 70 Get exciting news, exclusive insights through leaders’ interviews, and much more! From phonographs to Walkman to Spotify, these are just a few of the milestones the music industry has gone through. 0000007476 00000 n As for the music industry in South Africa as a whole, it is growing day by day. 0000576043 00000 n 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. 0000005905 00000 n ... Financial Report for Q1 of 2019, recently released by TME shows some shifts in regards to premium subscriptions, with conversion rate bumping up … R&B/Hip-Hop with a 27.7% share is the most-consumed genre in 2019. Revenue increases were driven by the number of paid subscriptions exceeding 60 million for the first time. %PDF-1.4 %���� The fact is this, there is no one way to do it today. According to SME South Africa, the music … The U.S. music market is not only the largest market in the world. Additionally, genres also evolved to cater to the new music tastes of the general public. Most-Streamed Tracks on Spotify Worldwide as of May 13, 2020, Top Touring Artists of the Decade 2009-2019, Nielsen Releases In-Depth Statistics on Live Music Behavior: 52 Percent of Americans Attend Shows. Unlike digital and physical sales, revenue from streaming is constantly showing year-over-year positive growth. “Thriller” by Michael Jackson sold 33 million copies making it RIAA’s highest certified Diamond album by a solo male artist. Let’s take a look at the main music industry statistics from the... Consumer Habit Statistics (IFPI). Katy Perry’s “Dark Horse” is a certified Diamond with over 11 million copies sold, making it the highest certified single from a female soloist. 35% of Americans said that they attended live music concerts in 2018. Total revenues grew 18% to $5.4 billion at retail in the first half of 2019. Revenue from physical album sales declined by -15% in 2019. 0000048592 00000 n Taylor Swift, for example, managed to still cross the 1 million pure first-week sales for her 2017 album, Reputation. Jazz genre sold the most physical albums in 2019 with 24% from the total SPS. Lil Nas X’s song “Old Town Road” featuring Billy Ray Cyrus is the longest-charting number one song in the Hot 100 with 18 weeks. h�b``Pb``������� € "@1v����� ���&���m�,&gep:�,�����祕�N��ml�r.�N�U��PRRq)�� 0_PPPH), *������ �(����m�����A�A�a���� J����L5�?0�c�q�`�c�V`4a�� ����J����z�g��0�7���� ����9���A���� �����T8�D0�b`o`:��51܄a2��E\0j2�&0f0�4�>��x�"�``250D0�1�5�_`�Ԁj��%��4��(\4���%�f�m x?Zl endstream endobj 737 0 obj <>/Filter/FlateDecode/Index[90 579]/Length 42/Size 669/Type/XRef/W[1 1 1]>>stream In the first half of 2019, the U.S. recorded music market continued the overall trends and double digit growth rates of 2018. The RIAA provides the most comprehensive data on U.S. recorded music revenues and shipments dating all the way back to 1973. Relatively speaking, she still did well compared to her peers. These SPS scores are the combination of track equivalent albums (TEA), streaming equivalent albums (SEA), and pure sales. Streaming is the future of the music industry. Taylor Swift’s “ME!” featuring Brendon Urie holds the record for the biggest single-week upward movement when it debuted at #100 and jumped to #2, the following week. 0000000016 00000 n Total 2019 revenues of $11.1 billion were up 13% versus $9.8 billion the prior year. Stock Music Market - Global Outlook and Forecast 2019-2024. 0000011307 00000 n “My Life Would Suck Without You” by Kelly Clarkson holds the record for the biggest jump to number one when it debuted at #97. Independent labels employ about 3,900 people. The music industry hasn't brought in $20 billion in sales since 2005, but at the rate things are climbing with the help of streaming, that may happen next year. In the streaming era, this ecosystem can be considered obsolete. The UK music industry contributed £5.2 billion to the UK economy in 2018. Music Statistics 2019 Music Statistics: Highlights from the Infographic. H��R[o�0}�W��M���`HUzy贾,�S7M$8�W0�e��� �%J�V�,�����\����A���q��H�]yJs�S�88M�3�� Every year, we hear about revenue numbers as well as growth in streaming and vinyl sales, but other stats, like the number of active musicians in North America, are tougher to … Radio is the top-used format in Germany (58%), Canada (51%), UK (51%), and US (44%). Concerts are one of the many avenues in which labels and artists make money. It’s not just about the youngsters. 0000576578 00000 n 669 0 obj <> endobj xref Global Music Synthesizers Industry. The label will then fund an artist’s work, in return for the master license to the songs and albums published within the timeframe in the contract. Aside from that, interactivity between users and artists through these platforms is more likely to rise in the coming years given the technology. The Recording Industry Association of America or RIAA is the governing body when it comes to giving out certifications. Pink is the number one touring artist of 2019 worldwide with a tour gross of $215.2 million. Taylor Swift topped the 2019 list for song sales, selling over 75,893,000 copies. The record for most attended concert belongs to Vasco Rossi with an attendance of 225,173. Live music has been about 33% of these total revenues each and every year. Garth Brooks remains as the artist with the most Diamond certifications with eight. Conferences, meetings, and events with customers and employees give you a sure way to listen to their voices in real-time. Music publishers in the US were estimated to have an annual expense of $2.36 billion. 0000679919 00000 n 0000059145 00000 n Report highlights: Music listening is up. Updated stats: Edison Research Infinite Dial 2020 released March 19th, 2020. 0000081970 00000 n 0000010781 00000 n Indian Music Industry Stats: India's Digital Revolution By the Numbers. 0000005346 00000 n Drake dominated streaming in the last decade, garnering 36,335,298,000 on-demand streams. The Rolling Stones concerts have the most expensive tickets with an average price of $624. The average industry growth of independent label music production in the US from 2014 to 2019 is 2.5%. 0000591012 00000 n The International Federation of the Phonographic Industry (IFPI) put the total value of the recording industry at $20.2 billion in 2019. The Beatles topped the list of bands and groups with their 6 Diamond certifications. The biggest record labels like Universal Music Group, Sony, Capitol, and many more are found in the US. 0000012663 00000 n From CDs to vinyl to various streaming platforms, music can now be heard virtually anytime and anywhere. South America Music Streaming Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Content Type, Streaming Type, and End User. 0000642140 00000 n Nowadays, music has never been more accessible. 0000036373 00000 n From then on, the music industry has continuously evolved over the centuries. In the first half of 2019, the U.S. recorded music market continued the overall trends and double digit growth rates of 2018. 0000008599 00000 n 0000038133 00000 n For artists and labels, certifications and chart positions are great indicators that their song is a massive success.