Ariana Grande. [email protected]. The wholesale revenues have tripled in the course of just three years, from under 100 million in 2014 to 292.3 million in 2017. Hello! Total revenues grew 18% to $5.4 billion at retail in the first half of 2019. 2019’s streaming revenue jumped by nearly a fifth from 2018’s level, to 79.5 percent of all U.S. recorded music earnings. Accessed December 05, 2020. https://www.statista.com/statistics/272305/global-revenue-of-the-music-industry/, MIDiA Research. Advertising spending in the U.S. 2015-2022, Profit from additional features with an Employee Account. Directly accessible data for 170 industries from 50 countries Cross-sector trade group UK Music has reported that the economic impact of the British music industry in 2019 was £5.8 billion, up 11% from the previous year. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Moreover, 2019’s total represents the largest amount earned by vinyl since 1988. Digital now accounts for 63.3% of the industry’s global revenues. from SOCAN and URI..? 2019’s total digital downloads dipped from 2018’s level, presumably because of the well-documented rise of paid streaming services. Incidentally, 2019 was the first year since 2006 to see digital-download earnings fall below one billion dollars. Perhaps the most telling component of streaming’s contribution to music earnings is that 2019’s streaming market was larger than the entire recorded music market in 2017. The global recorded music industry generated $20.2bn in wholesale revenues – that’s the money making its way back to labels and artists – in 2019. Then you will be able to mark statistics as favourites and use personal statistics alerts. As streaming figures have increased each year since 2015, digital downloads have fallen each year since 2015. IFPI 2019 data. Dynamic, diverse markets drive global growth In 2018, the global recorded music market grew by 9.7%. Global music sales grew for the fourth consecutive year in 2018 with streaming now accounting for almost half of all label revenue, according to the International Federation of … As a Premium user you get access to the detailed source references and background information about this statistic. Click on the map for the growth figures in each region. Please authenticate by going to "My account" → "Administration". This figure was up 8.2% on the prior year ($18.7bn), according to official industry data revealed in the … Interactive streaming, through services like YouTube, Spotify, Apple Music and Amazon Music Unlimited, is now dominating the industry even more than before. There are more numbers then the ones on this surface. Sony Music’s reported total annual recorded music revenues in 2019 grew by $255m (to $4.17bn), while Warner’s gain in the year was $386m (to $3.88bn) Universal’s biggest selling artists in 2019 included Billie Eilish, Post Malone and Taylor Swift (pictured). 60% of Pro musicians have QUIT THE MUSIC BUSINESS! You need at least a Single Account to use this feature. The European music sector accounts for over 1 million jobs and € 25 bn in turnover. Streaming made up 56 percent of this figure, bringing in 11.9 billion dollars globally. display: none !important; ARIA today released its 2019 wholesale figures, which showed a 5.5% annual increase from 2018 figures. And so we continue with all the money going to the people who have nothing to do with making the music! When will the musicians wake up and do something to fix the music business? Instead of .99 cents a song, how about less than a penny?”. Also worth noting is that paid streaming services brought vastly larger profits than both ad-supported on-demand music and digital radio services. Then you can access your favorite statistics via the star in the header. FIFTH STRAIGHT YEAR OF GROWTH . These statistics show that music continues to be a firmly established part of our cultural fabric and a vital part of the economy. Revenue from those services is now 63… The ideal entry-level account for individual users. Get exciting news, exclusive insights through leaders’ interviews, and much more! Streaming music accounted for 80% of industry revenues. As soon as this statistic is updated, you will immediately be notified via e-mail.