Why is the US share of global recorded music revenue growing?

In 2011, the US accounted for 26% of global recorded music revenues. In 2019, that share had grown to 36% according to industry body the IFPI’s figures, despite that period covering considerable global expansion for music streaming services. Why is the world’s biggest music market taking an even bigger share of the revenue? Former Spotify […]

Were independents the big winners from 2019 streaming growth?

We covered the launch of the IFPI’s latest Global Music Report yesterday, and the official figures showing that global recorded music revenues grew by 8.2% to $20.2bn in 2019 – the biggest total since 2004. Now the analysis is continuing of what the figures tell us about trends in the market. Midia Research, which put out its own […]

Global recorded music industry grew by 8.2% in 2019 says IFPI

Music industry body the IFPI was due to publish its annual Global Music Report in March, with data on worldwide recorded music revenues in 2019. The launch was postponed due to the Covid-19 pandemic, but the report has now been published today. The headline figure: global recorded music revenues grew by 8.2% to $20.2bn in […]

Billie Eilish ‘Bad Guy’ was the biggest global single of 2019

Billie Eilish is going to need to build a new awards cabinet soon: her latest trophy is the IFPI’s award for the biggest global single of 2019, awarded to ‘Bad Guy’. The track notched up 19.5m ‘global converted track equivalents’ last year – a metric that includes audio and video streams as well as download […]

Report: global value of music copyright reached $30.1bn in 2018

One of the quirks of the way the music industry makes its market data available is that we tend to talk about the ‘value of the industry’ purely in terms of recordings: thanks to the IFPI’s annual Global Music Report. Meanwhile, collecting societies body Cisac publishes an annual report of its members’ collections, including a […]

Music listening in 2019: 10 takeaways from the IFPI’s new report

Global music-industry body the IFPI has published its latest ‘Music Listening’ report, for 2019, based on a survey of 34,000 people in 21 countries. Whereas the body’s annual Global Music Report focuses on revenues, this study is all about people’s music habits: how much they’re streaming and buying music; what devices they’re doing it on; […]

Indian music industry debates potential for paid music subs

“I think we’re on course,” said Blaise Fernandes, the president and CEO of India’s official recorded music industry body the Indian Music Industry, when asked on a status update on the country’s plan to break into the top ten of the world’s biggest music markets by 2022, at this year’s edition of the annual All […]

IFPI responds to Plácido Domingo sexual-harassment allegations

Opera star and IFPI chairman Plácido Domingo has been accused of sexual harassment by nine women, with dozens of others telling Associated Press that they witnessed such behaviour from him. Its report was published yesterday, with immediate results: the Philadelphia Orchestra has cancelled an invitation to Domingo to perform, while the LA Opera is launching an investigation. As […]

Despite growth, music labels warn: ‘We should never be complacent’

Four consistent years of global growth is something to swell the record industry’s heart, and the 9.7% rise in 2018 means it is approaching double-digit growth – a big change from the double-digit decline that defined the first decade of this millennium. There’s an increasing focus on the role that emerging markets – or ‘high-potential […]

Streaming drove 9.7% rise in global recorded-music revenues in 2018

Global recorded-music revenues grew by 9.7% in 2018, according to industry body the IFPI. Its annual Global Music Report, which is published today, reveals that strong growth in streaming revenues more than made up for the continued decline in sales of CDs and music downloads. The headline figure is $19.1bn: that’s the total revenue for […]

IFPI’s 2018 singles chart is heavy on tracks from 2017

Global music body the IFPI has named the top 10 ‘best-selling digital singles’ of 2018. And in a sign of how streaming is changing the dynamics of the biggest hits, six of them were actually released in 2017. For example, the top track of 2018 was ‘Havana’ by Camila Cabello, which came out in September 2017. […]

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