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Music industry. The music industry consists of the individuals and organizations that earn money by writing songs and musical compositions, creating and selling recorded music and sheet music, presenting concerts, as well as the organizations that aid, train, represent and supply music creators. Among the many individuals and organizations that ...
Dec 28, 2023 · The music industry is a broad term for businesses and organizations that create, record, produce, and distribute music. It encompasses everything from the major record labels and radio stations to small independent labels and local clubs. The music industry has its roots in the early days of recorded music, when songs were first published and ...
- Global market overview. Global revenue of the recorded music industry 1999-2019. Global digital music revenue 2004-2019. Digital Market Outlook: digital music revenue in selected countries 2020.
- U.S. market overview. Music industry revenue in the U.S. 2009-2020. U.S. music industry - revenue distribution 2017-2020, by source. Music album shipments in the U.S. 2017 -2020, by type.
- Digital music sales. Digital Market Outlook: digital music revenue in the U.S. 2017-2025, by format. Digital music revenue in the U.S. from 2008 to 2020, by type.
- Music streaming. Music streaming growth in the U.S. 2015-2019, by format. Paid streaming music subscribers in the U.S. 2014-2020. U.S. on-demand music streams volume 2013-2019.
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- Recording Industry. Record labels suffered the most from piracy in the 2000s. In 15 years, the recording industry went through 3 different realities – from CD to digital piracy to streaming.
- Digital Music Distribution Industry. Technically, distribution is a part of the recording chain. The core role of distributors is simple: deliver the release to the stores and keep the cash flowing back to the artists and/or their labels.
- Streaming. Adoption of streaming is by far the most significant shift in the industry in the last ten years — and that's a shift that is still ongoing.
- Live and Touring Industry. VR is slowly but surely entering the live industry: with start ups like TheWaveVR and NextVR making a case for the new type of live experience, we might see the industry taking a turn for digitalization soon.
Sep 13, 2021 · In the coming years, I believe progress in the music industry will be largely dependent on these same factors. Forbes Business Council is the foremost growth and networking organization for ...
- Tony M Fountain
In 2021, recorded music revenues in the United States grew 23% to $15.0 billion at estimated retail value. All major formats of music grew versus the prior year with the exception of digital downloads. Paid subscriptions continued to be the biggest growth driver, resulting in the sixth consecutive year of growth for music revenues.
Dec 30, 2019 · The U.S. music market is not only the largest market in the world. The influence of the U.S. spreads far beyond the country's borders, securing its place as a trendsetter of the global music industry. As of March 2019, over 70% of the songs on Spotify’s Global Top-50 playlist were recorded by US-based artists.
