Music revenues Archives

Music revenues in Europe are 39% below 2001 levels

25/10/2024

Music revenues in Europe are 39% below 2001 levels according to a recent report by IFPI, the organisation representing record companies worldwide, which looked at recorded music in the European Union. The report, Music in the EU: A Global Opportunity, explores the ways in which the work and investment of record companies is helping to drive the success of European music and artists, both domestically and internationally, whilst providing insight into the challenges and opportunities […]

US Latin music grew 7% in first half of 2024

14/10/2024

The US Latin music market grew 7% in first half of 2024 with 98.7% being digital according to the RIAA, the US recording industry association. During this period revenues from Latin music in the US grew to a record high of $685 million and represents 7.9% of the total US music market up from 7.5% in the first half of 2023. Paid streaming subscriptions contributed more than two-thirds of total revenues and added more value than […]

Italian music market up 15.1% in first half of 2024

05/09/2024

Italian music market up 15.1% in first half of 2024 with streaming subscriptions growing by 23% according to FIMI, the Italian recorded music industry association. Total revenues were over Euros 200 million according to data compiled by Deloitte for FIMI. Streaming continues to dominate in Italy with premium streaming seeing revenues growing by 23%, bringing the entire streaming segment to cover 81% of the market thanks to the overall growth of 18.1%. In the first […]

US recorded music revenues up 4% in first half of 2024

05/09/2024

US recorded music revenues up 4% in first half of 2024 generating $8.4 Bn at estimated retail value according to the RIAA. The number of paid subscriptions grew to a record high of 99 million, with revenues up 4% to $5.7 Bn and accounted for 78% of the first half total. While paid subscriptions contributed nearly two-thirds of the added value in this period, vinyl shipments accelerated faster than any other major music format at 17%. […]

US Latin music grew 15% in first half of 2023

29/09/2023

The US Latin music market grew 15% in first half of 2023 with paid subscriptions accounting for two thirds of the streaming market according to the RIAA, the US recording industry association. During this period revenues from Latin music in the US grew to $627 million and represents 7.5% of the total US music market up from 7.1% in the first half of 2022. Paid subscriptions comprised more than two-thirds of total Latin music revenues, and […]

The US Latin music market grew 24% in 2022

16/04/2023

The US Latin music market grew 24% in 2022, just 3% below the all-time high from 2005 according to the RIAA, the American recorded music industry association. Total revenues of $1.1 Bn represented an all-time high share of overall US recorded music revenues of 6.9%, up from 5.9% in 2021. Revenues from streaming formats were more than $1 Bn, growing 25% to $1.06 Bn, and making up 97% of Latin music revenues. Paid subscriptions were once […]

SOURCE: MIDiA Research - Global music revenues and market shares, 2018

Global music revenues forecast to hit $18.9 Bn in 2018

02/01/2019

Global music revenues forecast to hit $18.9 Bn in 2018 according to media and technology analysts, MIDiA Research. Full year results from the major labels and IFPI won’t be available until March/April next year but Warner Music Group has published its full year results to 30th September 2018 here. MIDiA has produced forecasts for 2018 based on the first three quarters of the year and early indicators for Q4 using data from record labels, national […]