2019 Archives

IFPI issues Global Music Report 2019

04/05/2020

IFPI issues Global Music Report 2019 which showed that global revenues grew by 8.2% to US$20.2 Bn and that streaming accounted for more than half (56.1%) of global recorded music revenue. 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. Importantly, the strong foundation we built over the […]

SOURCE: RIAA - US Latn Music Revenues (Retail)

Latin music in US grows at twice the rate of overall market

02/05/2020

Latin music in US grows at twice the rate of overall market in 2019 according to figures released by the RIAA, the US recording industry association. Revenues from Latin music in the US grew 28% to $554 million, compared with 13% for the overall market. Streaming was the primary growth driver, up 32% and comprising 95% of total Latin music revenues. Paid subscriptions accounted for more than two thirds of the streaming revenue increase. Latin […]

Australian music industry grew 5.5% in 2019

24/04/2020

The Australian music industry grew 5.5% in 2019 and is the fifth straight year of growth according to figures released by ARIA, the Australian recorded music industry association. The industry generated over AUS $555 million in revenue (wholesale figures) and reflects the strength of the music industry before the COVID-19 crisis. 2019’s results stand in stark contrast to how the last decade began, when the Australian recorded music industry revenue was in decline whilst fighting […]

Rap and Hip Hop reach new highs in 2019

21/04/2020

Rap and Hip Hop reach new highs in 2019 achieving record shares for both singles and albums according to Official Charts Company data released by the BPI. The analysis compiled from both purchases and streams show that singles of Rap and Hip Hop comprised well over a fifth (21.5%) of all consumption, up from 20.9% in 2018. In the five years from 2015 to 2019, UK artists’ share of Rap’s sales and streams increased from […]

SOURCE: BPI - Catalogue's share by decade in 2018 and 2019

More older tracks were streamed in the UK in 2019

09/04/2020

More older tracks were streamed in the UK in 2019 and made up 60.3% of the total according to statistics compiled by the BPI and shortly to be published in its annual yearbook All About the Music 2020. The analysis looked at what were the top 15,000 most-streamed tracks on audio services in the UK in 2019 i.e. any track played over 1m times or more over the course of the year. Songs released in […]

SOURCE: Counterpoint - Music streaming subscriptions market share 2019

Global streaming grew 32% in 2019

06/04/2020

Global streaming grew 32% in 2019 with Spotify, the market leader with 31% of total revenues and Apple Music coming second with 24% according to global research firm, Counterpoint Technology Market Research. Total global subscriptions reach 358 million in 2019 with Spotify continuing to be the market leader with a 23% year on year growth. Factors which contributed to this growth include exclusive podcasts, promotional pricing in emerging markets and bundled offers from telcos. Introductory […]

COVID-19 will stop Spanish music growth in 2020

03/04/2020

COVID-19 will stop Spanish music growth in 2020 which saw an increase in revenues of 22.5% according to Promusicae, the Spanish recorded music industry association. The pandemic is forecast to reduce revenues by more than €100 million and the association is calling on the Spanish government to support the industry using ‘fiscal incentives, soft loans and music promotion campaigns to cushion the hard blow that the virus has also dealt to the recording industry’. The […]