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The total export revenue of the music industry was £2.7 billion and employment in the industry hit 190,935. If 2019 matched 2018’s 9.7% growth, we could be talking about $21bn last year. Although there are more tools and avenues than ever for musicians to release their own music and manage their own careers, that doesn't mean it is the right choice across the board. ADVANCE and Music Canada Announce 3 Year Partnership. Stat Data / Info Details Share ; Global music revenues increase 3.2% as digital revenues overtake physical for... See Full Stat: Save: In South Korea, 53% of record label revenues came from digital sources in 2011. While acquiring music was as easy opening Limewire on your desktop computer, transferring that new T-Pain track to a flip-phone wasn’t a seamless experience. The music industry beholds a lot of brutal truths. The RIAA provides the most comprehensive data on U.S. recorded music revenues and shipments dating all the way back to 1973. Physical sales are down for the music industry. View Trends, Analysis and Statistics. The live music industry in Britain attracted more than 30m music fans in 2016, with live music tourism contributing £4bn to the UK economy that same year. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size. IFPI, the organisation that represents the recorded music industry worldwide, today issued its annual Global Music Report. List of Music Industry / Music Industry Statistics. iTunes released in the UK June, 2004. Over the years, the market has adapted well to the many changes. The broad definition will include not only the actual customer’s expenses (on concert tickets, streaming subscriptions and so on) and B2B licensing cash flows, but also ad-revenues of radio and other music-related media. The Ringtone Era. Browse the Midem News Magazine on the above player and/or download the full Midem News Magazine on the right → GET MUSIC TRENDS IN … Years ago MP3 players and iTunes all but destroyed the traditional album, and more recently even permanent digital downloads began to see a dip in sales, down as much as 13% in 2013-2014. Take note from pop stars like The Weeknd, Billie Eilish, and Charlie Puth, who’ve grown an affinity for the style but have a signature sound otherwise. The key facts in Music By Numbers 2019 include:. Led by Dr. Stacy L. Smith, the "Inclusion in the Recording Studio" report marks the Initiative’s second annual investigation into the music industry. The 2019 edition has just been released and it brings you the latest music industry trends. At Midem, the international music event which took place in Cannes in June, a major panel discussion on the future of the industry consisted solely of … Meaningful music streaming statistics have shown that music streaming is the force behind the rapidly growing music industry. UK Music’s inaugural Music By Numbers report published today reveals the key role music plays in the economy.. was the US music industry retail value in 2017 ( 2017 RIAA Revenue Statistics, 2018 ) 65%. The music industry comprises of a variety of firms, companies and independents. Search reports, statistics & slideshows on Music. The average ticket price in 2012 was $85.93, or $20 more than it was just three years before. 50 fascinating facts about the music industry Music is one of the most ubiquitous art forms in the world. Royston SG8 9AZ. 2018 Music Industry Statistics And Fun Facts. 1. 2. The music industry consists of the companies and independent artists that earn money by creating new songs and pieces and organising live concerts and shows, audio and video recordings, compositions and sheet music, and the organizations and associations that aid and represent music creators. Over those five years, its annual revenues have grown from $14.2bn to $19.1bn, taking it almost back to its 2004 level. Apple became a dominant force in music distribution. Since the music industry is in flux, there are a lot of people out there promoting the extremes, like the idea that record labels have nothing to offer talent, period. 4. As it stands, streaming is contributing 75% of the global music industry revenue. The Buyer’s Market. To me, the essence of the 80’s is more about experimentation and NOT the sound itself. Frances Moore, chief executive of IFPI, said: “The Global Music Report we issued today covers results for 2019 and reflects the successful work and investment of music creators – from record companies to artists and beyond. Courtesy of www.statista.com. The UK music industry contributed £5.2 billion to the UK economy in 2018. Total ticket revenues from the live music industry topped $3 billion. The music industry rewards diversity now more than ever before. With so much music to choose from, you could easily get lost in the shuffle (no pun intended). There is nothing purer than that. Music Industry Facts 25. Key statistics about the size, growth and profile of the UK music industry. The global music industry generated $15 billion in revenues in 2013. ADVANCE, Canada’s Black Music Business Collective, and Music Canada and its members, Sony Music Entertainment Canada, Universal Music … The Live Music sector made contribution of £1.1 billion in 2018 – up 10 per cent from £991 million in 2017. Genuine discovery is coming from the fresh resurgence in vinyl, the robust CD market and via the burgeoning streaming platforms. Here are 25 deeply unsettling facts about the music industry. Understand the impact of the crisis on your market. . Lullabies soothe babies to sleep from the youngest of … The music industry has undergone a great deal of change in the last two decades, largely down to the amount of recorded music which is now available through streaming services. 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