live music industry revenue 2018
Drawing primarily on Citi and PwC estimations, the total revenue of the live industry can be put at around $9,5 billion. Since 2006, worldwide music industry revenues have been more than $60 billion each year. Save my name, email, and website in this browser for the next time I comment. In particular, music streaming service revenues were up $300.1 million (26%) year-on-year to $1.46 billion during the January-to-September 2018 period. According to a new industry report, global recorded music revenues jumped 9.7 percent in 2018 to reach $19.1 billion — up from $17.4 billion in 2017. As evidenced by the biggest tours of 2017, when U2, Guns N’ Roses, Metallica, Depeche Mode, Paul McCartney and the Rolling Stones took six of the ten top spots, heritage acts are still doing the biggest business. The RIAA released its semiannual compilation of recorded music revenues this week. Streaming services bring in an astounding 84 percent of Latin music generated revenues. According to a 2020 study exploring the global music industry, worldwide live music sponsorship revenues will amount to 6.28 billion U.S. In the recorded sector, meanwhile, streaming continues its inexorable march towards dominating consumption, with physical sales and downloads projected to slide by -9.6% and -23%, respectively. As the weather turns colder and the days grow darker, happenings in the music industry remain white-hot. According to the firm’s analysts, “worldwide music tours remained dominated by big-hitting, mature artists,” with the aforementioned six “out[doing] the majority of younger acts”. “This means going above and beyond in how they envision their business, generate revenues, create and organise their capabilities, and build and retain trust. It is important to note that the information presented in this page only accounts for revenue generated from the recorded music industry (recorded music and auxiliary revenues generated by these recordings), and is not reflective of the entirety of the music industry including sectors such as publishing, live music, etc. Music industry evolve everyday from CD to streaming this video shows the music industry revenues evolution from 2000 to 2018. Miami’s highly successful Ultra Festival markedly increased its overseas presence in 2017 and is now putting on events in Latin America, Europe and Asia, as well as South Africa. By. International Live Music Conference (ILMC), As evidenced by the biggest tours of 2017, took its format to Portugal for the first time, First Dance Music Conference set for Dubai, Music + Rugby to bring live music to UK stadia, Shannon Noll appointed ambassador for live music, UMG to produce virtual-reality live music, More funding for Canadian live music industry, UK gov backs £330bn of loans for businesses. In fact, figures estimate the latter might record around $11.06 billion in revenue this year, which is surprising when compared to 2014’s $9.06 billion and streaming’s $ 3.66 billion. This convergence, it says, is “creating an ever-expanding group of ‘supercompetitors’ and specialised, niche brands that are striving to secure the engagement and spending of increasingly demanding consumers” – who “reject one-size-fits-all content experiences. Please enter your email address below. “The appeal of the live experience endures”. As highlighted by Citi Research, live events keep increasing both in Europe and in the US. Mexico’s BPM Festival also is in expansion mode, and last year took its format to Portugal for the first time. The IQ family also includes ILMC, the live music industry’s top international conference event, and the International Festival Forum (IFF). Watch this space…, $243 million is how much streamed Latin music brought in from the US market alone in 2017, an increase of 37% over 2016, according to the Recording Industry Association of America’s 2017 year-end report on Latin music. Which music tours in North America are the most successful? Live music ticket sales revenue will grow from $7.2 billion U.S. dollars in 2015 to $9.1 billion in 2021, ... has expanded access to what amounts to a new music industry. $17.3 billion is how much money music recordings generated globally in 2017, whereas esports revenues are projected to top out at approximately $906 million by the end of 2018… but are growing much faster. IQ is the leading global news platform for the live music business. Global Music Publishing Market Growth, Trends, Forecast Report 2019-2024: Digital Revenues Grew 19.1% and Accounted for 54% of Total Recorded Music Industry Revenues - ResearchAndMarkets.com He lives in the rustic town of Milford, New Jersey. Streaming music revenues, in … In 2018 and 2019, the forecast predicts revenues to reach $8.16 billion and $8.59 billion respectively. 7 million is the number of streams the song “Laughing on the outside” racked up after being featured in hit Netflix series The End of the F***ing World. It’s already the middle of Autumn. Around 80% of live revenue comes directly from ticket sales, while brand sponsorships and merchandise generate another 20%. YEAR-END 2018 RIAA LATIN MUSIC REVENUE STATISTICS United States Unit Shipments and Estimated Retail Dollar Value (In Millions, net after returns) DIGITAL STREAMING 2017 2018 % CHANGE 2017-2018 Paid Subscription (Dollar Value) $160.8 $238.6 48.4% On-Demand Streaming (Ad-Supported)1 $67.9 $91.2 34.2% SoundExchange Distributions2 $44.4 $32.0 -28.0% Other Ad … You will receive a link to reset your password. Standing still is not an option.”. “As a result, it’s vital for companies, ranging from supercompetitors to fan-focused niche players, to use data analytics and AI to personalise their offerings. (In the UK, according to collection society PRS for Music, the switch happened in 2008, with North America following suit a few years later.) excellent Guardian article on the ever-increasing importance of original music in TV shows, Independence and Music Industry Evolution – Exclusive White Paper, Mapping the Covid impact on the music industry. IQ Magazine uses cookies to give users the best experience on our website. “Worldwide music tours remain dominated by big-hitting, mature artists”. In case, unsatisfied answer to your request, you may rise a complain before the French National Data Protection Authority (Commission Nationale Informatique et Libertés or CNIL) www.cnil.fr. Alex Darus - March 4, 2019 . … In accordance with Article "Privacy and Data Policy" of the Rules and the Organiser"s Privacy Policy, as well as the California Consumer Privacy Act Notice, this data is processed by Reed MIDEM, for the purposes of (i) carrying out its contractual obligations: fulfilling request for information or content, registration, Online Database, or for (ii) newsletter, promotional communication or promotional analysis. Global Music Market 2018 in Numbers +32.9% Growth in paid streaming revenues +9.7% Global revenue growth 46.9% Streaming share of global revenues +34.0% Growth in overall streaming revenues -10.1% Physical revenue decline-21.2% Download revenue decline 6 GB MSIC MET I MBES IFPI GLOBAL MUSIC REPORT 2019 STATE OF THE INDUSTRY The positive news for the live music business comes comes amid still-growing consumer demand for other forms of live entertainment, says PwC, with ticket sales for esports events, for example, projected to rise at a CAGR of 21.1% through 2022. © 2020 International Live Music Conference Ltd. Alex Rodriguez, who runs Pro Talent Agency, explains Latin music’s new-found commercial dominance: “I think the fusion between reggaetón and Latin pop made a connection with the general public.” And Vanessa Jester, senior vice president of finance at Warner Music Latin America, remarks, “Latin music now travels all over the globe, thanks to new technology.”, Over $2.87 billion is how much total revenue was brought in by Sony Music in the first nine months of 2018, thanks to artists like Travis Scott, according to Music Business Worldwide. The live music industry has achieved a record year in 2018 with more than 152.1 million tickets sold and total gross of more than $10.4bn (£8.2bn/€9.1bn), according to Pollstar.. Total music industry revenue for 2018 was at $9.8 billion, up from $8.8 billion in 2017 and $7.6 billion in 2016. You may exercise your right to access, obtain, correct and oppose the use of your personal data by writing to: privacy center. And given the pace and scale of change under way, speed is vital. The U.S. music industry grew 11.9 percent to $9.846 billion in 2018 from the $8.797 billion tallied in 2017, thanks to continuing explosive growth from streaming, which jumped 30.1 percent to … The Global Entertainment & Media Outlook 2019–2023, the just-released 2019 update to the consulting firm’s respected annual Outlook report, finds live music ticket sales will increase at a compound annual growth rate (CAGR) of 3.33% from 2018 to 2023, from $21.256bn (projected) in 2018 to … It’s that esports business owners want more music, according to this Forbes article, which explains “Why the Intersection of Music and Esports is Bigger Business than Ever”. In 2018, live music generated 479 million euros in revenue, increasing slightly from the previous year. The forecast predicts a peak in 2021: $9.55 billion. The outfit says it is scouting additional locations.”. Only a couple of decades ago, from a business perspective most recording artists toured because it was the most effective way to advertise their recordings, from which they made themselves and their labels money. Live music has been about 33% of these total revenues each and every year. Over $2.87 billion is how much total revenue was brought in by Sony Music in the first nine months of 2018, thanks to artists like Travis Scott, according to Music Business Worldwide. The British live music industry had a solid, if unspectacular, 2017 – contracting slightly from the record high of £1 billion gross value added (GVA) seen in 2016 to deliver an economic boost worth £991 million last year, according to the latest UK Music Measuring Music report.. Global recorded-music revenues grew by 9.7% in 2018, according to industry body the IFPI. IMS Business Report 2018 by Kevin Watson, Danceonomics.com 3 Note: * Total volume = Albums + TEA + On-Demand Audio SEA Source: Nielsen 2017 & 2016 Year-End Music Reports, IFPI Global Music Report 2018 4% • Electronic share of recorded music fell in 2017 in the two biggest N. American markets • However this was against a backdrop of … DJs & Live Acts 1 2 4 3 Industry Value 5 . Revenue from CD sales, conversely, saw a 37% decrease on the previous year, continuing a sharp decline. Outside of rock and pop, “electronic dance music (EDM) continues to draw large crowds,” the report continues. Brant David McLaughlin has been a professional writer since 2005. Digital music revenues now account for 58.9% of total industry revenues, compared to 25% for physical sales (2018). The UK music industry contributed £5.2bn to the British economy in 2018 The live music sector made a contribution of £1.1 bn – up 10% on 2017’s £991 million Employment in the industry hit an all-time high of 190,935in 2018 The total export revenue of the music industry was £2.7bn in 2018. Artist Bernadette Carroll is more used to 23,000 streams per song, points out music supervisor Matt Biffa in this excellent Guardian article on the ever-increasing importance of original music in TV shows such as Killing Eve, Skins, Sharp Objects and more. At the behest of best-selling author Gina Smith, he began writing long-form journalism in January, 2014. Music streaming, by contrast, will grow at a CAGR of 18% over the next four years. The headline figure is $19.1bn: that’s the total revenue for recorded music last year, up from $17.4bn in 2017. Revenues from streaming grew to $8.9 billion in 2018 – a growth of 34% compared to 2017 – to become the industry’s primary digital revenue stream (2018). I'd like to hear about marketing opportunities, I accept IQ Magazine's Terms and Conditions and Privacy Policy, The global live music industry will continue to grow steadily over the next four years, with music streaming and esports also booming, according to the latest PwC Outlook, U2’s Live Nation-promoted Joshua Tree 2017 tour was last year's most successful, grossing $316m. The decade-long live music boom is set to continue well into the 2020s, with the value of the international concert business projected to reach US$30 billion for the first time within five years, according to new figures from PricewaterhouseCoopers (PwC). Live Nation outperformed its own forecasts in the first quarter of 2018, with its revenues up by 19% year-on-year, and more than 50 million tickets sold globally for 2018 shows so far. Its annual Global Music Report, which is published today, reveals that strong growth in streaming revenues more than made up for the continued decline in sales of CDs and music downloads.. IQ’s news, features, information and analysis is read by 100,000 professionals worldwide each month. The conference, at Dubai's Pacha spin-off, will tackle promoting a great dance event, owning a club, promotion on social media and more, The new venture by Music + Sport, also behind Cricket Live and The Jockey Club Live, will launch with Jess Glynne at Kingsholm Stadium in June, The Australia Idol contestant will front a new $150,000 fund for regional NSW micro-festivals, A partnership with radio giant iHeartMedia will see live performances by four Universal artists shot in VR, Canadian government announces increases of CAN$16m and $20m for national arts, music and cultural funds, in a move applauded by the Canadian Live Music Association, Music venues and other businesses in the leisure and hospitality sector are set to benefit from a business rates exemption and cash grants under new government measures. Japan’s live music industry saw its revenues grow to more than $3bn (£2.3bn/€2.7bn) in 2018, lifted by increased attendances for local acts and higher ticket prices. In 2016, Luke Bryan’s tour, which sold nearly 1.43 million tickets, held the title. IQ publishes a regular magazine, several annual reports, and a daily news digest, IQ Index. Live music revenues to top $30bn for first time The global live music industry will continue to grow steadily over the next four years, with music streaming and esports also booming, according to the latest PwC Outlook By Jon Chapple on 26 Oct 2018 U2’s Live Nation-promoted Joshua Tree 2017 tour was last year's most successful, grossing $316m Live music ticket sales revenues will break the $9 billion mark in 2020, generating an expected $9.1 billion. Last year was also the third consecutive year of two-digit growth in revenue in the sector, thanks to streaming subscriptions. Which explains why music stars like Drake, Steve Aoki, Jennifer Lopez and Imagine Dragons already own stakes in esports leagues, and Universal Music Group currently has two active esports ventures. $31 billion is how much the live music industry is projected to be worth by 2022, representing a compound annual growth rate (CAGR) of 3.3%, according to a newly published research paper from Pricewaterhouse Coopers (PwC). Such data is stored for a maximum duration of 3 years or 10 years if the present accreditation is completed. UK Music pointed out that while record companies and the biggest stars were thriving, the average musician was struggling to make a living. In addition, the combined gross of the top 10 of Pollstar’s Worldwide Top 100 surpassed $2bn for the first time ever. “To succeed in the future that’s taking shape, companies must revisit every aspect of what they do and how they do it,” says Christopher Vollmer, global advisory leader for entertainment and media at PwC US, commenting on the Outlook’s findings. Today, in the age of streaming, live performances are the way that most music artists generate any significant income, giving incentive to music labels to rethink every aspect of their business. Live Music Trends. According to PwC, the 2022 gap will be to the tune of $7bn+, with streaming revenues worth $23.36bn. Because the in-game experience yields merely one of several ways in which esports companies can invest meaningfully in music and vice versa. “These events are expanding internationally. The total export revenue of the music industry was £2.9bn, up from £2.7bn in the previous year. 5% is what the esports sector is worth compared with the music business. 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. In contrast, during that period revenues from physical recordings dropped $114.4m (14.6%) to $669 million and download sales dropped $58.8m (16.6%) to $295 million from one year earlier. The recorded music industry was worth $19.1 billion in 2018, which was almost a double-digit gain (9.7%) from the year prior, when the global business only rose by 7.4%. Musicians earned an average income of £23,059 in … Total revenue from recorded music in the retail sector hit $9.8 billion over the course of the 12 months of 2018, a 12% increase on 2017's figures. Streaming created 75 percent of music industry revenue in 2018. Even with that growth, however, streaming will still fall short of reversing the events of the last decade, when live shows overtook recorded music as the chief generator of music revenues. Get more stories like this in your inbox by signing up for IQ Index, IQ’s free email digest of essential live music industry news. Esports, Latin Music & streaming: discover the best of this month's music industry news in five key figures! The music industry’s digital revenues (including streaming) grew by 20,4% in 2018, to $11,2bn (2018). That’s $158 million (5.8%) more over the same period one year earlier. The latest edition of PwC’s respected annual review of the planet’s entertainment industries, the Global entertainment and media outlook 2018–2022, reveals live music revenues – ticket sales plus sponsorship – will increase at a compound annual growth rate (CAGR) of 3.3% from 2018 to 2022, reaching $30.55bn ($24.36bn of it from ticket sales) in 2022. And the appeal of the live experience endures.”. Why? “For many companies, the models, assets, practices and capabilities that support their businesses today will simply not be enough in the future. Sony has told its shareholders that total sales revenues are now expected to beat the previous forecast because of “the expected impact from the consolidation of EMI and the strong performance of the mobile gaming application Fate/Grand Order.”. That’s $158 million (5.8%) more over the same period one year earlier. What’s the significance of comparing and contrasting those numbers? In addition to the industry’s direct economic contribution, music tourism alone contributed £4.7 billion in terms of spending to the UK economy in 2019 - up 6% from £4.5 billion in 2018.
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