Taylor Swift’s Reputation Stadium Tour is the highest-grossing tour in the US and North American history, grossing $266.1 million. As for the music industry in South Africa as a whole, it is growing day by day. Streaming accounted for 79 percent of the U.S. music industry's revenue in 2019, up from 75 percent a year earlier and marking an increase of ten percent from 2017. Breaking an artist into a major market can cost $2 million. It’s the fastest-growing economy out of the top-10, projected 7% CAGR up until 2023.This almost unprecedented economic growth is powered by the … This is the definitive source of revenue data for the recorded music industry in the United States. Conferences, meetings, and events with customers and employees give you a sure way to listen to their voices in real-time. More Younger Consumers Abandoning Radio for Digital-Only Listening On Their Devices: Study, Taylor Swift’s ‘Lover’ Is The Only Album Of 2019 To Sell 1 Million Pure Copies, NIELSEN MUSIC | YEAR-END MUSIC REPORT U.S. 2019, Survey Says Smart Speaker Sales Drive Online Audio Listening, Taylor Swift Closes Reputation Stadium Tour with $345 Million, Billboard Power 100: U2 & Paul McGuinness, Ed Sheeran Earned More on Tour In 2018 Than Anyone Else In 30 Years, New Report Illustrates How Modern Record Labels Remade Themselves in the Streaming Era, US Census Bureau | Annual Services Report, 2018 RIAA Music Industry Revenue Statistics | RIAA, Independent Label Music Production Industry in the US – Market Research Report, Billboard’s Top 125 Artists of All Time: The Beatles, Rolling Stones, Elton John, Mariah Carey, Madonna & More, The Longest-Leading Billboard Hot 100 No. Concerts are one of the many avenues in which labels and artists make money. US consumers spend an average of 4 hours a day listening to music. 0000000016 00000 n 0000013838 00000 n d�;��9C���³�4���GE�Hj(Q�#ف|u���+���"t%e�|�'�9�24�wp�]�{�]�8�R�7���吆�OQI�9�$��Ċ/7�bj�$��?n�t���)�%����(,0����#埔zn��.�2�Lp1���d#%e_��֍ ���e�z�Ƹ�J>J��}U���9�\�5�����MY�~�ծh��R�P�b`�p��\����Á02����{���fJ�w�nʭ�"�h���h�]Q=���h�ܜ���Al.�SW��ܶ����[x` �F� endstream endobj 686 0 obj <>stream 0000014351 00000 n With more people streaming albums and songs on services like Spotify and Apple Music, labels and artists alike are troubled. ... 2019, 10:59am EDT. In the Top 225 report, we provide sales volume and statistics for the world's top manufacturers and distributors of musical … H�\�͊�@��>E-��Ѻuo$�N�!��a2� F+abĘE�~�xB��~���8Z�ov�]�M.�>^�}�ܱ��1^/����O]��k�fz\���\Y����)�w��U�����i���u{9��,�6�q���{���?�|�?���-�j��xL/�R_�st�DW��e�K�C�ı�O1�i[��#m�,���M8�pl~�cV���B5��UV���:�Y���JV�+��$��ِ7�-y~'�'������ ����LOOod�������ͯ�k��-��A� t8B���A� t8s��\A�0W�+�GЏ�A?�~��M:eU`W]������������O�g�g�g���E�,E�2K���Rd)�Y��� �,E�2K��̚�7e'�N��B�-��(�Q���Gُ�}����؏������o�7���������o�7���������o�7:���*��B��R�~���Y�i�V��4�qL�^r�y����sU.�K��g ��� endstream endobj 682 0 obj <> endobj 683 0 obj <> endobj 684 0 obj <> endobj 685 0 obj <>stream 50 Cheating Statistics: 2019/2020 Demographics, Reasons & Who... 109 Technology Addiction Statistics: 2019/2020 Data, Facts &... 39 Employee Theft Statistics: 2019/2020 Impact & Costs... SAP SuccessFactors Review: Pricing, Pros, Cons & Features, WonScore by Wonderlic Review: Pricing, Pros, Cons & Features, Teradici Review: Pricing, Pros, Cons & Features, Top 10 Slido Alternatives & Competitors: Best Similar Audience Interaction Software, Compare Best Handguns For Self Defense: Beretta 92FS Vs. Glock 17 Gen4, Comparison of Cheap 9MM Pistols You Should Consider For Self-Defense, 10 Simple Exercises to Reduce Belly Fat at Home. 0000576375 00000 n This number is expected to grow at an annual rate of 5.2%, which would eventually result to a market value of $43 million by 2023. Radio is also a popular way to listen to music. Jazz genre sold the most physical albums in 2019 with 24% from the total SPS. The RIAA certified that “Despacito” by Luis Fonsi & Daddy Yankee sold over 13 million copies, making it the highest certified Diamond single. With the majority of music lovers on streaming platforms, record labels, and artists alike are most likely to take advantage of this by doing targeted ads to heavily promote their songs. It’s not just about the youngsters. Moreover, pop stars like Taylor Swift and Ed Sheeran are also rising to become giants in the concert scene with their respective tours raking in millions and breaking records. Radio is the top-used format in Germany (58%), Canada (51%), UK (51%), and US (44%). The US digital and customized radio services revenues were $1.16 billion in 2019. Indian Music Industry Stats: India's Digital Revolution By the Numbers. The global recorded music industry’s streaming revenue has grown steadily from $1 billion in 2012 to $8.9 billion in 2018. The International Federation of the Phonographic Industry (IFPI) put the total value of the recording industry at $20.2 billion in 2019. 0000001696 00000 n f��=(z���C�=x��у�����������������������������g��b����l����MS\�eݗ�öu}��G���Sx' ��� endstream endobj 675 0 obj <> endobj 676 0 obj <> endobj 677 0 obj [/Indexed/DeviceRGB 255 706 0 R] endobj 678 0 obj [/Indexed/DeviceRGB 109 714 0 R] endobj 679 0 obj [/Indexed/DeviceRGB 25 715 0 R] endobj 680 0 obj [/Indexed/DeviceRGB 4 716 0 R] endobj 681 0 obj <>stream Every year, we hear about revenue numbers as well as growth in streaming and vinyl sales, but other stats, like the number of active musicians in North America, are tougher to … This article will further discuss this through various statistics about the industry below. 669 0 obj <> endobj xref 0000006054 00000 n However, unlike today, music back then was exclusive only to aristocrats and the wealthy. 0000081904 00000 n More than 1.2 trillion songs streamed on-demand in 2018. 0000081970 00000 n The UK music industry contributed £5.2 billion to the UK economy in 2018. Significant Yoga Statistics: 2019/2020 Benefits, Facts & Trends, 37 Leadership Statistics: 2019/2020 Data, Trends & Predictions. Music festivals in 2018 were attended by 23% of Americans. Even sports teams like the Oakland Athletics…. Taylor Swift’s “ME!” featuring Brendon Urie holds the record for the biggest single-week upward movement when it debuted at #100 and jumped to #2, the following week. However, addressing an audience and keeping everyone engaged throughout presentations can be…, In today’s world, data is king. Additionally, genres also evolved to cater to the new music tastes of the general public. Once submitted, the general public can send a request to their local stations to play their favorite artists’ songs. People love listening to their favorite records at home, but investing in a musician or a band and going to a live event provides a valuable social experience. 35% of Americans said that they attended live music concerts in 2018. $ 3500. Industry Data. Music publishers in the US were estimated to have an annual expense of $2.36 billion. There isn’t necessarily a reliable way to get hold of the latest stats and studies about the industry. Updated stats: Edison Research Infinite Dial 2020 released March 19th, 2020. All B2B Directory Rights Reserved. On the other hand, there are still a handful of artists that pull phenomenal sales even in the streaming era. h�bb According to SME South Africa, the music … 0000010139 00000 n 0000009554 00000 n Lil Nas X’s song “Old Town Road” featuring Billy Ray Cyrus is the longest-charting number one song in the Hot 100 with 18 weeks. 0000642140 00000 n 1 On the Hot 100, 4 Ways Taylor Swift’s ‘You Need To Calm Down’ Helped Her Make History Inside The Top 10, The 20 Top Selling iTunes Songs of All-Time, Forecast of Digital Music revenue by segment in the United States 2017-2024, Global recorded-music and music publishing market share results for 2018, Market Maker Review: Pricing, Pros, Cons & Features. Smart Speaker Surge: Ownership Expands To One In Four Americans. Nowadays, artists can release their songs through streaming platforms like SoundCloud, Spotify, YouTube, and more without the fear of not having full ownership of their works. Experts predict that by 2024, almost $5 billion in revenue will come from streaming. This industry has been around for as early as the Rennaissance period. The average industry growth of independent label music production in the US from 2014 to 2019 is 2.5%. In almost all 2019 year-end reports, she is the only one who managed to sell 1 million pure copies. These certifications are divided into four classifications: Gold, Platinum, Multi-Platinum, and Diamond in that order of magnitude. Slowly, the pure sales segment of the industry is declining. The RIAA provides the most comprehensive data on U.S. recorded music revenues and shipments dating all the way back to 1973. This is a point that the IFPI stresses in the … Revenue increases were driven by the number of paid subscriptions exceeding 581million for the first time. The music industry hasn't brought in $20 billion in sales since 2005, but at the rate things are climbing with the help of streaming, that may happen next year. $ 3000. The Beatles topped the list of bands and groups with their 6 Diamond certifications. 0000013307 00000 n In the first half of 2019, the U.S. recorded music market continued the overall trends and double digit growth rates of 2018. Engagement with streaming drives growth of the global music market . 0000058764 00000 n The convenience brought by the advancement of technology was both a boon for music lovers and, somehow, a bane for the industry. About $400 million of revenue will come from digital downloads in the US by 2024. In 2019, digital sales revenue declined by -23.5%. 0000008723 00000 n 0000009958 00000 n September 2020. 0000591012 00000 n U.S. music industry - revenue distribution 2017-2019, by source Retail value of music shipments in the U.S. from 1999 to 2019 Change in music sales in the U.S. 2009-2019 With 208 songs that charted, Drake is the number one artist with the most Hot 100 entries. �. Total revenues grew 18% to $5.4 billion at retail in the first half of 2019. Revenue from physical album sales declined by -15% in 2019. 0000664537 00000 n U2’s 360° Tour has the highest average of attendance with 66,110 attendees per show. Market Size & Industry Statistics. And in just a few years, streaming has now become an integral part of the industry. Structure of China's Music Industry and Key Statistics. Total revenues grew 18% to $5.4 billion at retail in the first half of 2019. Only 37 songs have debuted at number one in the Hot 100. Employment in the UK music industry was a record 197,168 at the end of 2019. The Music … Americans spend 16 hours and 47 minutes listening to online radio. 0000008038 00000 n 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. Every year, hundreds of artists start their tours around the world to perform in front of thousands of their fans. Do not listen to the prognosticators, including me, if they tell you X is dying or Y is the future. Shania Twain’s “Come On Over” is RIAA’s highest certified Diamond album from a solo female artist with over 20 million units sold. 0000006005 00000 n Copyright © 2020 CompareCamp. IFPI Global Music Report 2019: Music Sales Rise For Fourth Straight Year to $19 Billion Additionally, in 2019, the music industry posted a 32.9% growth in paid streaming revenue. Discover all 2019 music industry trends in the brand-new Midem News Magazine. In the US, 67% of the population have listened to online radio in the past month in 2019. ... Financial Report for Q1 of 2019, recently released by TME shows some shifts in regards to premium subscriptions, with conversion rate bumping up … The music industry is responsible for an estimated 1.9 million jobs in the United States alone, per the Recording Industry Association of America (RIAA). September 2020. 0000007392 00000 n Each month we help +100k companies to find efficient online tools. Stock Music Market - Global Outlook and Forecast 2019-2024. Digital sales dominated the Classical genre, accounting for 12% of the total album equivalent units. Sucker by Jonas Brothers garnered 849,000 in radios in 2019. The number of jobs sustained by music tourism was 45,530 last year, a record high, with overall employment in the … For the full year 2019, total revenues for the global recorded music market grew by 8.2% to US$20.2 billion. The RIAA released its semiannual compilation of recorded music revenues this week. 0000627634 00000 n In the streaming era, this ecosystem can be considered obsolete. Nowadays, music has never been more accessible. 0000054380 00000 n K-Pop fans also listen more to music than the average American. 0000048592 00000 n Taylor Swift, for example, managed to still cross the 1 million pure first-week sales for her 2017 album, Reputation. Q1 2018 report from Nielsen came out March 20, 2018. 0000004206 00000 n The music industry is a bit of an enigma. From CDs to vinyl to various streaming platforms, music can now be heard virtually anytime and anywhere. Led by Dr. Stacy L. Smith, the "Inclusion in the Recording Studio" report marks the Initiative’s second annual investigation into the music industry. On-demand streaming gained a positive 29.3% growth in 2019. Starting from 2017, albums are ranked based on the total sales plus streaming score or SPS. Before the dawn of the internet and streaming, for an artist to get famous, they need to sign a contract with a label. $ 4950. If your business has music-related content, capitalize on the behavior of music consumers to your benefit. Pink is the number one touring artist of 2019 worldwide with a tour gross of $215.2 million. The Rolling Stones concerts have the most expensive tickets with an average price of $624. These SPS scores are the combination of track equivalent albums (TEA), streaming equivalent albums (SEA), and pure sales. 0000005346 00000 n However, that’s not the case anymore in the streaming era. The influence of the U.S. spreads far beyond the country's borders, securing its place as a trendsetter of the global music industry. 1s, Doja Cat’s ‘Say So,’ Featuring Nicki Minaj, Tops Billboard Hot 100, Becoming the First No. The total export revenue of the music industry was £2.9bn, up from … Live music has been about 33% of these total revenues each and every year. In the first half of 2019, the U.S. recorded music market continued the overall trends and double digit growth rates of 2018. However, her 2019 album, Lover, failed to cross the 1 million mark with only 679,000 pure sales in its first week. The 2010s saw the rise in popularity of K-Pop, for instance. The emergence of music streaming disrupted the relatively straightforward business model of the music industry then. Ariana Grande. 0000009232 00000 n Moreover, if you’re already in the business as an event organizer for concerts, you may want to look at various event management software that can help you out. Save my name, email, and website in this browser for the next time I comment. The point I want to drive home with you is that these numbers should not drive what you do as an independent artist. The music industry, by its definition, is a group consisting of various companies, producers, and artists that aim to create and sell new kinds of music, concert shows, and more. 0000005809 00000 n That’s a fact. V�t�-�Φ� 0000576043 00000 n 669 70 Relatively speaking, she still did well compared to her peers. 0000081575 00000 n Total number of … 0000002138 00000 n For over 125 years, Billboard has ranked every album and song released in the US based on how many copies it sold. 0000011712 00000 n Many music labels submit their artists’ songs to radio stations to widen their reach. 0000005955 00000 n 0000005905 00000 n 0000576846 00000 n Even in the streaming era, there is still a portion of the population that are fond of radios both online and in the airwaves. 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. 0000008835 00000 n From phonographs to Walkman to Spotify, these are just a few of the milestones the music industry has gone through. 0000576453 00000 n According to Statista.com, revenue in digital music currently amounts to $35 million (2019). Physical or pure sales are dying. 0000012663 00000 n By the end of 2018, there were 255 million users of paid subscription accounts globally. One of the prominent chart makers is Billboard. The annual growth of the industry’s revenue from streaming somehow mirrors the growth of the number of paid subscribers across all music streaming platforms. For artists and labels, certifications and chart positions are great indicators that their song is a massive success. R&B/Hip-Hop with a 27.7% share is the most-consumed genre in 2019. 0000006732 00000 n Overall, the industry had a 34% growth in total streaming revenue. In 2017, 658 new artists signed to major labels. Recording industry: $2.6 billion in music sales in 2017; Majority of recording revenues in Japan are still generated by the physical format sales (while the global music industry is 54% digital) Streaming services generate less than 10% of the music sales; Publishing industry: The most stable part of the market, … �F���nN���7W�p~~qe /�����`*ٯrL"qȥU���܃ (澂�"�������Ơ�(��b� ;��� 0000576578 00000 n Global growth by region. Drake dominated streaming in the last decade, garnering 36,335,298,000 on-demand streams. Sales Ranking Of Leading Music Companies Worldwide + Music Data On Top Global Markets The all new 2020 two-part Global Music Industry Sales Report is the only data package of its kind. The biggest market share in the industry belongs to independent labels with 41.4%. Most-Streamed Tracks on Spotify Worldwide as of May 13, 2020, Top Touring Artists of the Decade 2009-2019, Nielsen Releases In-Depth Statistics on Live Music Behavior: 52 Percent of Americans Attend Shows. 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. 0000606137 00000 n Chart positions are also an important factor in determining a song’s success. 0000007278 00000 n 0000059497 00000 n Unlike digital and physical sales, revenue from streaming is constantly showing year-over-year positive growth. Shania Twain is the top female soloist with 3 Diamond certifications. 0000035893 00000 n The biggest record labels like Universal Music Group, Sony, Capitol, and many more are found in the US. 0000002489 00000 n The fact is this, there is no one way to do it today. The total export revenue of the music industry was £2.7 billion and employment in the industry hit 190,935. “The Dark Side Of The Moon” by Pink Floyd is the longest-charting album on the Billboard Hot 200 with 950 weeks. South America Music Streaming Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Content Type, Streaming Type, and End User. 0000035647 00000 n H��R[o�0}�W��M���`HUzy贾,�S7M$8�W0�e��� �%J�V�,�����\����A���q��H�]yJs�S�88M�3�� 0000012217 00000 n 0000059462 00000 n The reason for that is, one stream is not equivalent to one song sale. 0000043088 00000 n There were 225 million paid music subscribers worldwide. 0000006102 00000 n Total 2019 revenues of $11.1 billion were up 13% versus $9.8 billion the prior year. The average industry growth of independent label music production in the US from 2014 to 2019 is 2.5%. Ed Sheeran’s Divide Tour is the highest-grossing tour of all time, grossing over $775,046,937. US K-Pop fans outspend the general population on total music spend. Japan (47%) and Germany (35%) are the two markets with the highest intent of purchasing physical copies. 8 Surprising Statistics Shaping The Music Industry Brant David McLaughlin of Music Industry Insights breaks down eight music industry statistics, revealing some unexpected areas of growth, as well as. 0000082086 00000 n August 2019. The number of paid subscribers grew by 27.8% from 2017 to 2018. 0000679919 00000 n 0000043166 00000 n So, what is the “State of the Music Industry in 2019?” Murky. H�\��j�@E���^&��GWW' ����`�� Yj{�$dy῟��"c�}��u���~��٤?��9�ٜ����u�MM0�p��$/L�5�z�|6�zL�x�p����OCR�&�o^��n6�p�I�cj���g��{{x4��6�����d��LNqзz�^_�I�cO�6����S�1�b��)�m��u��?����2�{|UI�������SOI���g�j|�T��}�.v������,`Gv�-y��y�%J�9slN��� [�3�"�2�"�*Y���g��vC�Df ��Y�,a� K�%�f ��Y�,�df� W�+��ʒ�N�Ȏ�>����#�DZ�~=====}|}|�=(zP�W�W�W�W�W�W�W�W]�0{P���Aу2wy~��� Governments use it to diagnose inefficiencies while organizations use data to predict the future that they want to shape. As of March 2019, over 70% of the songs on Spotify’s Global Top-50 playlist were recorded by US-based artists. Taylor Swift topped the 2019 list for song sales, selling over 75,893,000 copies. 8?����...gS8���3T�iUY��]{�¬&k/��k{mh���8ދc]����+x�W{p��l��-{�]�ˌ U�u�B��R� 0000003731 00000 n The U.S. music market is not only the largest market in the world. The music industry is a lucrative business. Aside from that, interactivity between users and artists through these platforms is more likely to rise in the coming years given the technology. The data in the Consumer Habits category came from a report from IFPI highlighting how... Financial Music Statistics. 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. Moreover, record labels are also responsible for the marketing and radio releases of their artists’ works. The Beatles topped Billboard’s Top 125 Greatest of all Time Artists. The 2019 edition has just been released and it brings you the latest music industry trends. Chinese music market is a single fastest growing market in the world, at least in terms of recording sales. In 2018, India became the 5th biggest economy in the world in terms of the current GDP. 1 For Each, Here Are the 37 Hits That Have Debuted at No. From then on, the music industry has continuously evolved over the centuries. Streaming accounted for three-fourths of the total industry revenue in the US in 2018. 0000004760 00000 n Independent labels employ about 3,900 people. As of 2019, there are 3,338 independent labels in the US. %PDF-1.4 %���� The label will then fund an artist’s work, in return for the master license to the songs and albums published within the timeframe in the contract. Post Malone had the biggest first-week on-demand audio streams in 2019 with 365.4 million. These platforms offer compensation for artists who upload their work based on the number of views or streams it received within a certain period. 0000059338 00000 n Continued strong growth to more than 60 million paid subscriptions drove the U.S. music industry to its fourth consecutive year of double digit growth. The total U.S. industry market size for Music Publishers: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.In addition to revenue, the industry market analysis shows information on employees, … Lil Nas X’s “Old Town Road” is 2019’s most-streamed song with 2.5 billion on-demand streams. Before the Covid-19 pandemic struck, the UK music industry contributed £5.8bn to the UK economy in 2019, according to the Music By Numbers study published by UK Music. Get exciting news, exclusive insights through leaders’ interviews, and much more! 0000059575 00000 n South Korean Pop music, commonly referred to as K-pop, emerged in the 1990s and reached regional and global recognition in the early 2000s, with a peak in 2018 with the two groups BTS and BLACKPINK.