But are they? The other category we placed our music industry statistics into is Financial Statistics. There are a few heartless souls in every group! Digital revenues accounted for 58.9% of all revenues in 38 recorded music markets across in 2018. Music Canada provides annual Canadian music market sales reports on our Statistics page. #3 Oldies The next highest countries are the US, the UK, and Australia at 34%, 30%, and 27% consecutively. These statistics show that music continues to be a firmly established part of our cultural fabric and a vital part of the economy. 63% of young people aged 16-24 said they love music, higher than any other age group. The more recent data came from a 2019 RIAA report on the U.S market, while the older data from 2018 also came from IFPI. Streaming has quickly become the dominant listening medium, with 89% using some form of streaming to listen to music. For Podcast Music. Music-industry conferences love a panel session on how smart speakers are The Hot Thing in music listening. – 2018 YouTube EDM track releases have seen 3.3 billion views 49% of EDM listeners are female. Timeline history of most popular music artists from 1969 to 2019 ranked by yearly certified record sales. Number of Stations Playing Country and Western Music. Market share of the largest music publishers worldwide from 2007 to 2019 Annual revenue of Sony Corporation's music segment 2008-2020 Universal Music Group: music publishing revenue 2007-2019 1944: 600+ 1964: 2,000+ 2016: 4,000+ United Kingdom, Music Ally is a Registered Learning Provider 10029483. There is an embed code located at the end of the graphic. Other – 6% Smartphone – 27% But while other genres abandoned the radio country music fans have remained remarkably loyal. [1] It’s not just about the youngsters. Revenues for mid-2019 (Music Statistics from RIAA), Total Revenue Grew 18% for the U.S. All You Need to Know, Ultimate Guide to the Best Thunderbolt Audio Interface. Roughly 28 in every 50 people in Mexico say they have used social media sites to stream music or music videos. Smart speaker – 3%. With the U.S. population at 327 million, 18% of Americans now pay for a streaming subscription. (Our assumption is that Indian film-music and Chinese C-Pop would be in the list if the IFPI was including the surveys from those two countries in its global figures.). Report reveals live music is worth £1.1bn to Uk economy with industry as a whole put at £5.2bn. Other mobile device – 4% The total export revenue of the music … Globally, 20% of respondents have used smart speakers for music in the last three months, although it’s as high as 34% in the US and 30% in the UK. Portable devices are now a significant part of the industry. In 2019, Netflix shelled out over $15 billion on … For Americans especially, the cost is devastating. Live music has been about 33% of these total revenues each and every year. The global economic value of the EDM Industry is currently estimated at $7.9 […] Revenue increases were driven by the number of paid subscriptions exceeding 60 million for the first time. That’s not a $2 billion lost to artists like Katy Perry or the Rolling Stones. Still, they can provide some insight. published its latest ‘Music Listening’ report. https://bachtrack.com/files/158132-listings.png 510 228. Subscriptions dominate the music industry, bringing in 62% of overall revenue and 77% of U.S streaming revenues. Since file sharing was introduced in 1999, music sales in th… Since country music hit the radio in 1924 with “National Barn Dance” the genre has been growing on radio waves across America and around the world. The IFPI maintains that piracy “remains a threat to the music ecosystem”, pointing to the 34% of 16-24 year-olds who stream-rip, but the overall trends feel positive. Get real time updates on the Music Industry with the latest reports, critical insights and stats from official sources. Streaming revenue grew by 22.9% to US$11.4 billion and for the first time accounted for more than half (56.1%) of global recorded music revenue. Hi-Fi or turntable – 8% It's us again, bringing you a whopping serving of bad news. Still, that average is a reminder that the modern music story isn’t entirely about streaming: more than a quarter of music listeners still buy, too. Important Notice: Effective January 15, 2019, the U.S. Music Royalty Fee has increased from 19.1% to 21.4% of the price of those packages. Here are Music Ally’s 10 key takeaways from Music Listening 2019, which we’ve been reading overnight. As of March 2019… Do not listen to the … The fact is this, there is no one way to do it today. 2. Spotify’s total valuation is $29.5B. That said, video’s share of streaming is falling: in the IFPI’s 2018 study, 52% of global on-demand streaming time was video; 28% was paid audio streaming; and 20% was free audio streaming. Figures as reported by airports are as follows: Rank Airport Location Country Code (IATA/ICAO) Total passengers Rank change % change 1. On a weekly basis, music lovers are more engages with +50% listening time in comparison to those who didn’t say they were fanatical about music. Radios are still the most popular device, accounting for 29% of the time respondents spend listening to music. The estimated economic impact on wages and salaries is $2 billion because of music piracy. 2020 • All rights reserved. A third of all record company revenue totaling $5.8 billion was spent on developing and marketing their artists. That’s down from 38% in last year’s study. $7.17 billion was Sony Music Corporation’s reported earnings for the fiscal year ended March 31st, 2019, which meant a slight increase of 1.3% from the previous year. Impressive, compared to the 18 hours global average. The average person living in China spent 17.7 hrs listening to music weekly, with 96% using smartphones to listen. That’s actually up by an hour year-on-year from the 4.4 hours reported in the 2018 study. The influence of the U.S. spreads far beyond the country's borders, securing its place as a trendsetter of the global music industry. #7 K-Pop The IFPI also reckons that 77% of respondents used YouTube for music in the past month. Poland – 24% $7.17 billion was Sony Music Corporation’s reported earnings for the fiscal year ended March 31st, 2019, which meant a slight increase of 1.3% from the previous year. Only 2.5% Say Music is “Unimportant” to Them. In 2019, 27% of respondents to its survey reported using copyright infringement as ‘a way to listen to or obtain music in the past month’. Get exciting news, exclusive insights through leaders’ interviews, and much more! Revenues See Double-Digit Growth for 2 Consecutive Years, Streaming Subscription Revenues for mid-2019 (RIAA), Paid Streaming Subscriptions in the U.S. Have Exceeded 60 million as of mid-2019, Streaming Revenues Grew a Staggering 26% for the 1st Half of 2019, Paid Subscriptions Made up 62% of Overall Industry Revenues for the 1st Half of 2019, Paid On-demand Streaming Subscriptions Rose 30%, Ad Supported On-demand Streaming Revenues grew 25% to $427 million, Digital Download Revenues for mid-2019 (RIAA), Physical Product Revenues for mid-2019 (RIAA), Net Revenues from Physical Products Grew by 5%, Vinyl Albums Revenues Grew 13% to $224 million, Listeners Spent 3.5 Hrs Per Week Listening via Streaming Video, 63% Would Switch to On-Demand Streaming if Copyright Infringement Wasn’t an Option, 44% of 16-24-year Olds’ Total Listening Time is via Smartphone, 20% of Global Music Listeners Used a Smart Speaker in the Last 3 Months (May 2019), Music Lovers Listen to 50% More Music on Average than non-Lovers, South Africa Has the Highest Percentage of Self-proclaimed Music Lovers at 75%. The International Federation of the Phonographic Industry (IFPI), which represents the recorded music industry worldwide, has issued a ‘music listening’ report for 2019. It is the fourth consecutive year of global growth and the highest rate of growth since IFPI began tracking the market in 1997. "New state-of-the-art methods in statistics and data science make it possible for us to analyze music in ways that were out of reach for traditional musicology. The point I want to drive home with you is that these numbers should not drive what you do as an independent artist. The 35-64 age group saw the largest increase in streaming service usage, at 8% in 2019. Music Therapy-Informed Music Listening. Again, younger listeners show different habits: 16-24 year-olds are more than four times likely to say hip-hop / rap is their favourite genre as any other age group. In the run-up to the Oscars ceremony of … Listeners around the world listened to music 18 hrs per week on average in 2019, a 1.1% increase over 2018. (EDM) Electronic Dance Music Statistics 2017-2018 & 2019 Updated 07/06/2019 EDM club nights generated $965 million in 2018 ~160,000,000 EDM festival tickets were sold annually. The Live sector also continues to be a huge success, making a GVA … #4 Hip-hop/Rap Of course, smartphones are bigger for younger listeners: they account for 44% off the time 16-24 year-olds spend listening to music, according to the study. Track sales were down 16% year-over-year and digital album revenues also declined by 23%. Share via Email. Meanwhile, 52% of them report having used paid streaming services in the last month – the highest percentage for any age bracket. ... (2019, June 6). Netflix will spend over $17 billion on content in 2020. Streaming – 47% Streaming revenue grew by 22.9% to US$11.4 billion and for the first time accounted for more than half (56.1%) of global recorded music … If you continue browsing we consider you accept the use of cookies. And not just American music either: 26% of French 16-24 year-olds cited French-language hip-hop as their favourite genre. 62% say they enjoy “Instant access to millions of songs.” 61% say they like to “Listen to what I want, when I want.” 47% say “It’s the most convenient way to listen to music.”. Let’s take a look at the main music industry statistics from the... Consumer Habit Statistics (IFPI). As the music business scraps it out with every other industry for Covid-19 relief, a key part of its argument has been the economic value created by the industry. That’s less than portable Bluetooth speakers (4%) and hi-fis / turntables (8%). Onyx WordPress Theme by EckoThemes. Here’s a list of some more interesting facts and statistics that didn’t make the short list for our infographic. All figures are accurate as of the 2019–2020 academic year. 8 email usage statistics you need to know about If you’re considering a … In the first half of 2019, the U.S. recorded music market continued the overall trends and double digit growth rates of 2018. PremiumBeat. Dynamic, diverse markets drive global growth In 2018, the global recorded music market grew by 9.7%. An aspect that's at least well-rehearsed, since it is also... A group of 110 bodies representing the creative and cultural industries are keeping up the pressure on governments and European policymakers over their post-Covid recovery plans. Revenue increases were driven by the number of paid subscriptions exceeding 60 million for the first time. Since 2006, worldwide music industry revenues have been more than $60 billion each year. So, what is the “State of the Music Industry in 2019?” Murky. "New state-of-the-art methods in statistics and data science make it possible for us to analyze music in ways that were out of reach for traditional musicology. While the body notes that the 21 countries surveyed accounted for 92.6% of global recorded-music market revenues in 2018 as tracked in its Global Music Report earlier this year, like that report there’s only one country from Africa (South Africa) and none from the Middle East. In 2019, we listed nearly 35,000 performances of concerts, opera and dance – more than ever before. Tap or click to expand the graphic. YouTube is the king of streaming video, and now they’re looking to take a piece of the music streaming pie. The U.S. music market is not only the largest market in the world. (Journalism And Mass Communication) 2019. 2019 Global Results: For the full year 2019, total revenues for the global recorded music market grew by 8.2% to US$20.2 billion. Well, there are positive things in global collecting societies body Cisac's latest annual report too, for last year, but the organisation makes it... © Copyright Music Ally All rights reserved 2020 - Website designed and maintained by. This growth was predominantly driven by a 32.9% rise in paid streaming, that now … 3. ( Statista ) Live music is showing steady growth year over year. (And that’s good news for rock bands: it’s the top genre in Mexico, ahead of pop and Latin pop.). India’s favorite genres are Bollywood New, Bollywood Old, Traditional regional music, and Punjabi. But the highest rate of growth for use of streaming services comes from 35-64 year-olds: 64% of 35-44 year-olds, 53% of 45-54 year-olds and 44% of 55-64 year-olds used audio-streaming services in the last month, up by nine, eight and nine percentage points respectively. #6 Indie/Alternative Details about the U.S Music Royalty Fee for SiriusXM … However, it’s important to understand what else isn’t covered here. 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