Over two thirds of music in Australia is streamed accounting for 70% of recorded music in 2018 according to ARIA, the Australian Record Industry Association. In their annual report they report a 12.6% growth in wholesale figures to AUS$526 million driven by a 41.2% growth in streaming during the year. The streaming category includes revenues from subscription services (such as Apple Music, Deezer, Google Play and Spotify) and other non-subscription on-demand streaming services (such as YouTube and Vevo).
Revenues from shipments of physical products accounted for 15% of the total market, with sales from vinyl albums increasing for the eighth consecutive year, up by 15.2% in 2018. By value, vinyl made up just under 28% of revenues from physical formats.
Denis Handlin AO, ARIA Chairman and Chairman said, “We are delighted to announce that for the fourth consecutive year, there has been growth for the Australian recorded music business. This result is a testament to the great music that is being produced by our outstanding local artists, as well as the tenacious approach that our local industry takes in marketing and delivering music from all around the world to fans across the country.”
He continued, “It is now more important than ever that Australia also has the right legal framework in place to protect and promote the work of our Australian artists to ensure artists are adequately remunerated for the use of their valuable recordings.”
ARIA is the Australian national industry association representing major and independent record labels, manufacturers and distributors. It acts as an advocate for the Australian music industry, hosts the prestigious ARIA Awards and produces the weekly ARIA Charts.
To read the full report with comprehensive sales figures go here.
