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Dec 18, 2023 · The consumption of the audio medium has steadily increased since 2014, reaching a global recorded music revenue of 28.8 billion U.S. dollars in 2022. While a handful of countries can argue about ...
Jan 16, 2024 · Highlights of music streaming industry statistics: Global music subscribers surged 26.4% to 523.9 million during the Covid pandemic. Music streaming makes up 84% of the U.S. music industry revenue. 82.1 million Americans are paid subscribers to on-demand music streaming. Americans stream on average 75 minutes of music per day. There are 3.6 ...
- Industry Revenue Statistics
- Music Consumption & Behavior Statistics
- Streaming & Radio Statistics
- Physical & Digital Sales Statistics
- Concert Statistics
- Record Label & Artists Statistics
- Charts & Certification Statistics
- The Music Industry: What Lies Ahead?
The music industry is a lucrative business. 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. The emergence of music streaming disrupted the relatively straightforward business model of the music industry th...
The way people consume music has drastically changed over the years. From phonographs to Walkman to Spotify, these are just a few of the milestones the music industry has gone through. Additionally, genres also evolved to cater to the new music tastes of the general public. The 2010s saw the rise in popularity of K-Pop, for instance. Groups like BT...
Streaming is the future of the music industry. According to various year-end reports, streaming is showing no signs of slowing down. Unlike digital and physical sales, revenue from streaming is constantly showing year-over-year positive growth. Radio is also a popular way to listen to music. Even in the streaming era, there is still a portion of th...
Physical or pure sales are dying. That’s a fact. 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. However, that’s not the case anymore in the streaming era. With more people streaming albums and songs on services like Spotify and Apple Music, labels and a...
Concerts are one of the many avenues in which labels and artists make money. Every year, hundreds of artists start their tours around the world to perform in front of thousands of their fans. Rock legends like U2 and The Rolling Stones are one of the most in-demand live performers in the past century. Moreover, pop stars like Taylor Swift and Ed Sh...
The biggest record labels like Universal Music Group, Sony, Capitol, and many more are found in the US. Before the dawn of the internet and streaming, for an artist to get famous, they need to sign a contract with a label. The label will then fund an artist’s work, in return for the master license to the songs and albums published within the timefr...
For artists and labels, certifications and chart positions are great indicators that their song is a massive success. The Recording Industry Association of America or RIAA is the governing body when it comes to giving out certifications. These certifications are divided into four classifications: Gold, Platinum, Multi-Platinum, and Diamond in that ...
The future is streaming. Slowly, the pure sales segment of the industry is declining. 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. The annual growth of the industry’s revenue from streaming somehow mirrors the growth of the number of paid subscribers acros...
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- 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.
Oct 23, 2023 · As we said, the Hot 100 is for singles/songs, while the Billboard 200 is for albums. If an artist has a number-one single and album, they’ve essentially had a royal flush in the music business. You can be on multiple Billboard charts at once, too. Photo by Steve Harvey on Unsplash.
The RIAA provides the most comprehensive data on U.S. recorded music revenues and shipments dating all the way back to 1973. This is the definitive source of revenue data for the recorded music industry in the United States. For more in-depth analysis of 2022 data and trends, please see our “ 2022 RIAA Shipment & Revenue Statistics .”. We ...
Since launching on September 19, 2020, the Global 200 and Global Excl U.S. 200 charts have included more than 1,300 songs by over 800 artists from 50+ countries. This in-depth report reviews the...
