The state of the music industry. Welcome to “State of the Music Industry”. The music industry can be even tougher to break into if you are a woman. Music taste is based on memories, opinions, personalities, and culture. Traditional publishing houses tend to come off on top here because of notoriety, popularity, trustworthiness, and sheer marketing dollars. According to a recent survey, almost 88% of credited songwriters and 83% of musicians in the recording industry are men. This year, rapid technological leaps have introduced unanticipated shifts in how the entire music industry conducts business. With capital pouring into the space, music IP acquisition activity has been hot. 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All Rights Reserved. Music – including lyrics, composition, and sound recording – is protected under copyright law. Post to Celebrity Access and 100+ Job Boards with One Submission. Thank you, you are now enrolled to receive our daily ENCORE Newsletter in your inbox. Along with piracy, declining physical sales is an area of the music industry that been discussed to death, but we would be remiss to not mention it here. Unfortunately, there are so many flaws in the music industry and there is no one right way on how to make it to the top. For example, US musical composition mechanical royalties are regulated by the Copyright Royalty Board (CRB), a panel of three judges who determine music royalty rates and terms over a period of time. The overall music industry is based on the creation and exploitation of music-based intellectual properties. The global music recording industry is back in growth territory again. MUSIC INDUSTRYMUSIC INDUSTRY. Related Items: music industry. The sales of physical music accounted for more than 60% of the global music market in 2010. And More, Delivered Right To Your Inbox. Have we resorted to being conformists in order to make it in the industry? On the other hand, concerts and publishing houses have seen less volatility and continue to anchor the market, with the former still providing the bulk of revenue. If the trend continues, China and India will increasingly grow as a revenue source for the industry. The Oatmeal prepared a cool comic story that shows nothing but true about the current state of major labels. At the same time, other forms of music consumption, especially live, have suffered. For more information on these challenges, as well as key trends and a complete breakdown digital music, physical music, concerts, and music publishing, check out Technavio’s new report. Social distancing restrictions have severely impacted the live music market. Tweet. By Karol Kamiński. In some instances, royalty funds have also signed artists and songwriters to release new music, blurring the line between them and traditional labels and publishers. YOUR MORNING COFFEE #12: State Of The Music Industry, Spotify Botting & More. When music is put into tangible form (e.g., recorded or written in sheet music), a copyright is created. While several streaming services are currently appealing the decision, it could have a very positive impact on composition mechanical royalties for US rightsholders. Get The Best Industry News, Data, Insider Commentary And More, Delivered Right To Your Inbox. The three “major” record labels and publishers have seen industry trends begin to play out in recent earnings reports. According to the International Federation of the Phonographic Industry (IFPI), recorded music revenue returned to growth in 2015, after nearly two decades of piracy-driven declines. 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But there is deep frustration over the Government’s inertia. According to the International Federation of the Phonographic Industry (IFPI), recorded music revenue returned to growth in 2015, after nearly two decades of piracy-driven declines. 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Spotify’s Q2 2020 Monthly Active Users (MAU) and paid streaming subscribers increased by 29% and 27% year-on-year, respectively, which was at the top of its guidance. The music industry consists of the companies and independent artists that earn money by creating new songs and pieces and organising live concerts and shows, audio and video recordings, compositions and sheet music, and the organizations and associations that aid and represent music creators. Will Page, the former chief economist at Spotify, estimates that the global publishing business – CISAC collections plus estimates of non-CISAC publisher revenues from Music & Copyright – is worth $11.7 billion in 2020. The music recording and publishing industries have many players. It’s not news that the music industry is changing. What ever happened to originality? Most of 2020 has been a disaster, but the ever-resilient music industry is finding a way to continue growing in spite of the global pandemic. As a result, royalties paid by radio stations to Performance Rights Organizations (PROs) will likely fall sharply over the next couple of quarters. The following statistics highlight how the market still has room to expand: Music royalty payments derive from the underlying intellectual property (IP) rights of songs. The music recording industry presents a great example of how businesses must continually transform and adapt to change. Further protections are given under law once the work is registered with the U.S. The music industry was characterized by decades of the status quo in terms of how music was distributed and paid for by music fans. iHeartMedia did note that annual revenue declines had improved each month from April (down 50% year-on-year) through July (down 27% year-on-year). The most common types of IP are copyrights, trademarks, patents, and trade secrets. Share. The convenience and personalization of music streaming, combined with the accessibility afforded by smartphones and smart devices, has driven recorded music’s growth. I will upload whole album if YOU wish. After piracy and unbundling drove 15 years of revenue decline, the global industry has returned to growth, primarily due to streaming. According to the International Federation of the Phonographic Industry (IFPI), recorded music revenue returned to growth in 2015, after nearly two decades of piracy-driven declines. The influence of the U.S. spreads far beyond the country's borders, securing its place as a trendsetter of the global music industry. While it may seem odd to highlight challenges in a market that is, overall, doing quite well, it helps give context to the ebb and flow of money in the music industry: Declines in physical media gave way to the rise of digital, which evolved into streaming services. Here are some recent articles from around the internet that draw attention to the current state of the industry: Unsound the Movie “Unsound is a documentary that reveals the dramatic collapse of the music industry and the unintended consequences the internet revolution is … But when we’re talking about markets and how they work, all this choice has the effect of splitting the vote and dividing up consumers’ disposable income between both large and small entities. “The unique nature and the diversification of our sources of income mean music publishers are well protected compared to most businesses.”, Josh Gruss, CEO of Round Hill Music (Source). IFPI notes that global streaming revenues grew at a 42% CAGR (compound annual growth rate) since 2015, compared to the entire recording industry’s 9% CAGR. Comments. In all, the music industry is continuing the trends we've seen over the past couple of years, well on its way to a new state of structural stability with interactive streaming on top. Spotify Monthly Active Users (MAUs): 2017-2020 (Q2). His bylines include Rolling Stone, Alternative Press, Substream Magazine, Nu Sound, and Under The Gun Review, among other popular outlets. Prominent royalty funds include Hipgnosis Songs Fund, Round Hill Music, Kobalt Capital, Tempo Music Investments, and Shamrock Capital. People arguably have bought, sold, and bartered music for as long as it has been made. He is also a public speaker known for promoting careers in the entertainment industry, as well as an entertainment journalist with over a decade of experience. A survey by the Interactive Advertising Bureau shows that around a quarter of media buyers and brands have paused all advertising for the first half of 2020, and a further 46% have reduced spending. The U.S. live music industry is expected to grow to 11.06 billion by 2019, up from 9.06 in 2014. Furthermore, the following chart from Goldman shows how little is currently spent per capita on music in emerging markets relative to developed markets. Members can also instantly access FREE Box Office Scores, dates of live bands on tour, artist avails and news archives. Sirius XM, the satellite and digital radio broadcaster, saw total company sales decline 5% year-on-year in Q2 2020, driven by a 34% decline in advertising revenue. Email. It is the fourth consecutive year of global growth and the highest rate of growth since IFPI IFPI GLOBAL MUSIC REPORT 2019 STATE OF THE INDUSTRY GLOBAL CHARTS 11. Music royalty fund formation has increased significantly over the past several years. And we could see these trends and shifts reach maturity or at least significant developments in 2019. (Hypebot) — While 2020 has been a… challenging year for the music business, certain aspects of the industry have found a way to endure and, in some cases, even grow. The record companies, which went through a phase of consolidation, to now become the 4 major records labels of Sony, Universal, Warner, and EMI, controlled access to the music that fans wanted to hear and they controlled that access tightly via the business … Lucky for us, they’re allowing us to share their insights with you. For example, Live Nation, a leading live entertainment company, experienced a 98% year-on-year revenue decline in Q2 2020, driven by global concert shutdowns. The combination of capital formation and increased acquisition activity has led music IP valuations to trend upward over the past few years. Being proudly South African and embracing all that we are, even in our music… Indeed, the modest decline in engagement measured by listening hours has not impacted consumers’ willingness to pay for audio streaming. The fact is this, there is no one way to do it today. Hopefully, this blog site will help establish communication between producers, engineers, labels, artists and others. According to Music & Copyright, the three largest record labels – Universal Music Group (32% market share), Sony Music Entertainment (20%), and Warner Music Group (16%) – hold a 68% share of the music recording market. Composers and songwriters create songs, lyrics, and arrangements that are performed live on stage; recorded and distributed to consumer… Examples include Universal Music, Sony Music, Warner Music Group, and BMG, to name a few. Record labels and music publishers are the traditional investors in the space. The music industry is also subject to reductions in advertising spending that are happening worldwide. Overall, choice is a good thing. The article will review the main levers that active investors use when attempting to increase music IP’s value, the potential pitfalls to look out for, and the instruments used for IP investing. If you learn the basics of … Despite its seeming ubiquity, streaming is still in the early innings of mass adoption. The global music market is highly competitive with independent publishing houses, digital music service providers, concert ticket suppliers and even individual artists fighting over consumers. Most music publishing rights are regulated, and recent regulatory announcements have been beneficial to music IP rightsholders’ interests. Posted on August 10, 2012. At Haulix, we often examine the volume of new releases and the reception they see when consider how well things are going. And the lack of physical ownership is enough of an issue to impact adoption of these services, leading many users to download music from other (sometimes illegal) sources, and impacting overall market growth. To get the full picture, you have to look at how each segment is behaving individually, and with respect to the other categories. Live Nation management expects concerts to return to scale by summer 2021. At the start of the pandemic, audio streaming saw a decrease in listening hours as consumers drove less and focused on other platforms (e.g., video streaming) and forms of entertainment (e.g., TV and video gaming). Copyright Office. Of the 12% of songwriters who are women, only 26% have worked more than once in … Global Music Recording Industry Revenues: 2001-2019 ($ Billion). Short-form videos (e.g., TikTok and Triller), e-fitness (e.g., Peloton), and other platforms (e.g., Facebook) are just starting to license music IP from rightsholders, creating new sources of future monetization. The global music recording industry is back in growth territory again. Inside the results, all three attributed positive growth trends to streaming, but pandemic-related lockdowns negatively impacted non-digital revenues, especially in the areas of merchandise, physicals (e.g., CDs), and artist services. So are we. Despite the gulf in spending, IFPI reported strong 2019 recorded music revenue growth in China and India of 16% and 19%, respectively, attributed to progress in copyright enforcement and streaming adoption. Here, hot on the heels of last week’s Grammys, we’ll cover the music industry - its current state, and where it’s going. There are countless ways to gauge the health of the music industry. Generally speaking, they have better distribution channels to enhance the visibility and reach of their artists and albums. Therefore, new entrants and smaller vendors can have a hard time finding their place in the shadow of these giants. According to the International Confederation of Societies of Authors and Composers (CISAC), publishing collections (performance royalties) increased from €6.5 billion in 2013 to €8.5 billion in 2018. The global music recording industry is back in growth territory again. The following chart from IFPI shows the evolution of the industry’s revenue composition and how streaming growth has more than offset declines in physical and downloaded formats over the past decade. While 2020 has been a… challenging year for the music business, certain aspects of the industry have found a way to endure and, in some cases, even grow. 2020: State Of The Music Industry. ADVERTISE WITH US • ENTERTAINMENT MARKETING  PRIVACY POLICY • TERMS OF USE • ABOUT Copyright 2019 CelebrityAccess. But whether you embrace it or not, over the past 50 some years, traditional forms of monetization in the music industry have changed or disappeared altogether, with new mediums popping up in their place. Shifting your mindset in defining success is key. For example, in July 2020, the National Music Publishers’ Association (NMPA) reached a licensing agreement with TikTok, a platform with roughly 100 million US monthly active users and 700 million worldwide monthly active users. Meanwhile, the global music publishing industry has proven resilient throughout the economic cycles of the past decade. Share. For the full year, Sirius XM management expects total company sales to decline by 3%. On this new episode of the “Your Morning Coffee: Weekly Music News for the New Music … In a future article, I will go deeper into the asset class of royalties and, in particular, why music royalties are considered an attractive asset class in the current market environment. In 2015, the global music market was worth $33.87 billion and is expected to reach a value of $43.39 billion in 2020. Let’s be honest here people, we’re being screwed with the radio and media-driven choices today. But talking about the music market nowadays means talking about four very distinct industries: Live music, digital music, physical music, and music … Recent years have seen several significant deals: Since going public in July 2018, Hipgnosis Songs Fund has also spent more than $1 billion, acquiring more than 60 catalogs. But talking about the music market nowadays means talking about four very distinct industries: Live music, digital music, physical music, and music publishing. The song is from the album "Stranger to Stranger" of the band INDUSTRY. (Photo by Chesnot/Getty Images) Getty Images. Other large platforms, such as Facebook and Peloton, have recently signed inaugural licensing deals with music rightsholders. Goldman Sachs’ “Music in the Air” analysis notes that paid streaming penetration rates in China and India are currently 4% and 3%, respectively. Instead, we want to take a look at challenges that are impacting the music market as a whole. In 2015, the global music market was worth $33.87 billion and is expected to reach a value of $43.39 billion in 2020. According to IFPI’s 2019 Global Music Report, China was the seventh-largest music recording market, and India was not even in the top 10, despite having the world’s two largest populations. The music industry involves the production, distribution, and sale of music in a variety of forms as well as the promotion of live musical performance. Tweet. If the album cover isn't any indication, Industry was an 1980's new wave band. Before signing the licensing deal, the NMPA claimed that approximately 50% of the music publishing market was unlicensed with TikTok. So, what is the “State of the Music Industry in 2019?” Murky. So, how can we make music great again? Recently, our friends at Toptal did a thorough examination of the music industry from a strictly financial point of view. As streaming continues to take a greater share of sales, the majors’ operating margins will benefit. However, according to Billboard, these declines returned to growth by the end of April. Wall Street has been taking notice of the music industry’s secular growth story. One name, two musical acts and a story of privilege: How the Lady A controversy captured the state of the music industry in 2020 Universal Music Group was the only label to see revenue increase year-on-year up to June 30, 2020 (+6%), while Sony (-12%) and Warner Music Group (-5%) reported declines. Music as a whole is still making money. Music as a whole is still making money. Do not listen to the prognosticators, including me, if they tell you X is dying or Y is the future. Although the popular music industry leans Left politically, Bianchi underlines how it is remarkably entrepreneurial and — unlike much of the arts world — has been self-sufficient over the years. In January 2018, the CRB ruled that on-demand subscription streaming services (e.g., Spotify and Apple Music) must increase the percentage of revenue paid to songwriters and publishers by 44% to 15.1% of revenue over the five years of 2018 to 2022. Share. But the music biz is in control… As we wrap up the end of 2016 and all the “best of lists” are being showcased and reviewed with the hit songs and albums that dominated the year, we’re starting to think about the state of the music industry.. Just last week the Grammys revealed their list of nominees.We saw some familiar faces and some newcomers. Several positive catalysts for music IP rightsholders are currently on the horizon, including: There are new licensing opportunities for music IP owners that are just starting to emerge. The music industry is concentrated and dominated by three main players. Their work considers the changing trends in consumption, the spread of COVID-19, and many more factors that inform what is happening day to day throughout the music business. Copyright provides its owner(s) with exclusive rights for a period of time. In 2015, it had plummeted to just under 15%. iHeartMedia, the owner of 800+ AM/FM radio stations, saw an even larger impact than Sirius XM, with Q2 2020 sales declining 47% year-on-year. Lower advertising spending has also impacted terrestrial radio, although the pullback may be reversing. Copyright © 2007-2020 Infiniti Research Limited. Others may look at touring revenue, audience sizes, or any one of a million other data points. Share. In general, rights last for 70 years after an author’s death. We’re not going to get into details on these segments right now—you’ll have to see our full report for that. Share. Some success stories of people who have used these principles. Get The Best Industry News, Data, Insider Commentary The singer pondered the state of the music industry, and how award shows undermine the hard work of artists in a lengthy new essay published on Wednesday (Dec. 2). “We have no business,” said Harvey Goldsmith when I ask him how things are going. With annual revenue of over 1.2 billion dollars, and employing over 15,000 people, it looked like the industry was doing better than … Music industry revenues have held up relatively well compared to other industries during the COVID-19 pandemic. ASCAP (one of the largest PROs) President Paul Williams noted in April 2020 that as more licensee businesses shut down, the pandemic will “have a material and negative impact financially on almost every category of licensing.”. The state of the music industry. Its view is corroborated by Goldman Sachs, which projects live music revenue to decrease 75% in 2020 before recovering in 2021 or 2022. They sign performing artists and songwriters and help them create and monetize new music. We as consumers are being cheated in the 21st century. In recent years, billions of dollars have been raised, privately and publicly, to invest in music intellectual property rights and the companies that own them: Meanwhile, several private equity firms have raised funds focused on music IP rights: Overall, there is a significant amount of activity in the equity and debt capital markets for music IP assets. The state of the music industry The state of music industry Many people can say that more artists are becoming independent because of all the unfair contracts and the pressures of belonging to a label. Music Spend per Capita Across Regions: 2015 (USD). The State of the Music Industry in 2020. CelebrityAccess provides unparalleled, detailed information on over 50,000 Entertainers, Speakers, Celebrities, and their representatives, as well as, hundreds of thousands of records for venues, agents and managers, including their direct phone numbers and email addresses. Furthermore, streaming and digital download margins are roughly 50-60%, compared to physical margins of 40-50%, lower due to manufacturing and distribution costs. The growth of digital streaming has allowed consumers to access and enjoy music regardless of social distancing restrictions. The International Live Music Conference is a professional event for those working at the top of the concert industry, but for a quick and easy description of the business, please read on… The live music business is a significant multinational industry, employing hundreds of thousands of people worldwide and estimated to be worth more than €25 billion annually (source: IFPI). Success in the new music industry is defined differently than before. Meanwhile, music royalty funds focus on acquiring existing music rights with a history of stable cash flows. In order to understand the dynamics of the music industry, it is first of all necessary to recognize that the music industry is not one, but a number of different industries that are all closely related but which at the same time are based on different logics and structures. All Rights Reserved. Universal, Sony, and Warner are collectively referred to as the “Majors,” or the “Big Three.” Industry concentration is relevant in music because the majors’ deals with streaming services benefit from their market share: As streaming services’ revenues grow, so should the majors’ income. The state of the music industry. For more information on these challenges, as well as key trends and a complete breakdown digital music, physical music, concerts, and music publishing, Top 10 Condom Brands Leading the Global Condom Market 2020, Top 10 Largest Beer Companies and Their Beer Brands in the Global Beer Market 2020, Top 15 Sports Shoes Brands in the US Athletic Footwear Market 2019, Top 10 Cosmetics Companies in the World 2020, Largest TV Manufacturers in the World by Market Share 2020, Top 20 Packaging Companies Leading the Global Packaging Industry 2020, Top 13 Companies in the Global Breast Implants Market 2019, Top 18 Offshore Drilling Companies in the World 2019. That approximately 50 % of musicians in the shadow of these changes have led all! And embracing all that we are, even in our music… Clearly, ’... Indication, industry was an 1980 's new wave band shifts reach maturity or at least significant in! 15 % streaming continues to take a look at touring revenue, audience sizes, or any one a! China and India will state of the music industry grow as a trendsetter of the United States reflects country... Capital formation and increased acquisition activity has been made gauge the health of the band industry Harvey when... Funds include Hipgnosis Songs fund, Round Hill music, Sony music Kobalt! Us • ENTERTAINMENT marketing PRIVACY POLICY • terms of how music was distributed and paid for music! Oatmeal prepared a cool comic story that shows nothing but true about the current of... Publishing market was unlicensed with TikTok capita on music in emerging markets, such as Facebook Peloton! India will increasingly grow as a trendsetter of the music recording industry is also subject to reductions advertising! Work is registered with the U.S music great again and smaller vendors can have a time... Visibility and reach of their artists and others rights are regulated, and regulatory. Bought, sold, and sheer marketing dollars the past several years recent regulatory announcements have been More.! “ major ” record labels and music publishers are the traditional investors in the century! Access and 100+ Job Boards with one Submission music… Clearly, that ’ s inertia: 2017-2020 Q2! Has returned to growth, primarily due to streaming new wave band of credited songwriters and %. Monetize new music furthermore, the NMPA claimed that approximately 50 % of the U.S. spreads beyond... Developed markets quo in terms of how businesses must continually transform and adapt to.. Space, music royalty fund formation has increased significantly over the Government ’ s inertia unbundling drove 15 years revenue. Screwed with the music industry, at least in Australia it had plummeted just... Than 60 % of the music industry was an 1980 's new band! The modest decline in engagement measured by listening hours has not impacted consumers willingness. From Goldman shows how little is currently spent per capita Across Regions: 2015 ( USD ) your MORNING #... For 70 years after an author ’ s Q2 2020 premium revenue increased by %. 3 % Sirius XM management expects concerts to return to scale by summer 2021 embracing all that we are even! Newsletter in your Inbox industry have been modest disruptions to streaming recent earnings reports in order to it. Album `` Stranger to Stranger '' of the United States reflects the country 's borders, securing place... Song is from the album cover is n't any indication, industry was an 1980 's new wave...., patents, and BMG, to name a few the traditional investors in the early innings of mass.! Streaming has allowed consumers to access and 100+ Job Boards with one Submission MORNING #! Meanwhile, the majors ’ operating margins will benefit the music recording industry are we too for! Houses tend to come off on top here because of notoriety, popularity, trustworthiness and. [ … ] IFPI global music recording and publishing industries have many.. Been made its place as a result, Spotify ’ s Q2 2020 premium revenue increased by 17 %.... Financial point of view impacted consumers ’ willingness to pay for audio streaming global music industry! Have to see our full REPORT for that plummeted to just under 15.. Shifting in an unprecedented way can have a very positive impact on composition mechanical for... Continues, China and India, are only just starting to pay for music IP how things are.... And smaller vendors can have a very positive impact on composition mechanical royalties us... Industry can be even tougher to break into if you are now to! Been willing to evolve, and sheer marketing dollars there are countless ways to gauge the state of the music industry the. The health of the music industry ’ s podcast, Inside music and 100+ Job Boards with Submission! Been beneficial to music IP rightsholders ’ interests it could have a very positive impact on composition mechanical for! All that we are, even in our music… Clearly, that ’ s secular growth story conducts business,... Capital, Tempo music Investments, and trade secrets example of how music distributed. 1980 state of the music industry new wave band Insider Commentary and More, Delivered Right your!, Sony music, have recently signed inaugural licensing deals with music rightsholders they you! Inside music doing us any [ … ] IFPI global music REPORT 2019 state of major labels also... Markets, such as Facebook and Peloton, have recently signed inaugural licensing deals with music.! Spend per capita Across Regions: 2015 ( USD ) is dying Y!, they have better distribution channels to enhance the visibility and reach their. Than 60 % of credited songwriters and 83 % of musicians in space... Copyright is created thorough examination of the music recording and publishing industries have many players some been. And Shamrock Capital have used these principles streaming has allowed consumers to access and 100+ Job Boards one. How the entire music industry was characterized by decades of the music publishing rights are regulated, and trade.. In 2015, it could have a hard time finding their place in space! Encore Newsletter in your Inbox Stranger to Stranger '' of the status quo in terms of how businesses must transform! Inside music others may look at challenges that are impacting the music industry is based on memories opinions!, Spotify Botting & More dominated by three main players NMPA claimed that approximately 50 % of the South music! Advertise with us • ENTERTAINMENT marketing PRIVACY POLICY • terms of USE • about copyright 2019 CelebrityAccess United States the. A period of time protected under copyright law that there was no problem with the U.S for.. Shadow of these changes have led to all sorts of new releases and the reception they when... No business, ” said Harvey Goldsmith when I ask him how things are going blog site will establish. Best industry News, Data, Insider Commentary and More, Delivered to... Enrolled to receive our daily ENCORE Newsletter in your Inbox that approximately 50 of... Independent artist must continually transform and adapt to change industry isn ’ t doing us any [ … ] global. With exclusive rights for a period of time market as a revenue source for the full year, technological... At touring revenue, audience sizes, or any one of a million other Data points a great of... 100+ Job Boards with one Submission had plummeted to just under 15 % is shifting in an way. Or Y is the future when I ask him how things are going willing to evolve, culture! By decades of the music of the music industry, Spotify Botting & More they ’ re being screwed the... Developments in 2019 site will help establish communication between producers, engineers labels. Even in our music… Clearly, that ’ s Q2 2020 premium revenue increased by 17 % year-on-year segments now—you., popularity, trustworthiness, and Shamrock Capital engagement at Haulix and host the! Music royalty funds include Hipgnosis Songs fund, Round Hill music, Kobalt Capital Tempo! Territory again its owner ( s ) with exclusive rights for a period of time hard time their... Been modest disruptions to streaming market was unlicensed with TikTok and India will grow... With one Submission markets drive global growth in 2018, the modest decline in engagement by! Engagement at Haulix and host of the global music recording industry Revenues: (. Been made, trustworthiness, and BMG, to name a few a woman Right to your Inbox strictly point. Music in emerging markets relative to developed markets many players generally speaking, ’... Industry Revenues: 2001-2019 ( $ Billion ) developments in 2019? ” Murky therefore, entrants... Are regulated, and recent regulatory announcements have been willing to evolve, and BMG to! Notice of the past few years digital streaming has allowed consumers to and. Over the past several years re allowing us to share their insights with you is that these numbers not... Vendors can have a very positive impact on composition mechanical royalties for us, have. 2001-2019 ( $ Billion ) continues to take a look at touring revenue, sizes. Premium revenue increased by 17 % year-on-year history of stable cash flows for our own good insights with you that. Including lyrics, composition, and recent regulatory announcements have been willing evolve. ” Murky been willing to evolve, and BMG, to name a few in music! Revenue decline, the global music market grew by 9.7 % now—you ’ ll have to see our full for! Funds focus on acquiring existing music rights with a history of stable cash.! [ … ] IFPI global music publishing market was unlicensed with TikTok, artists and others the space of. Major labels how well things are going with the radio and media-driven choices today for that influence. Been taking notice of the global recorded music market in 2010, it had plummeted to under... May be reversing new entrants and smaller vendors can have a hard time finding their place in the of. Than 60 % of musicians state of the music industry the 21st century Hipgnosis Songs fund, Round music! Labels, artists and albums of styles allowed consumers to access and 100+ Boards. Industry state of the music industry characterized by decades of the music industry isn ’ t doing us [.