Music Business Worldwide

Midia Research

Stat Of The Week: Nearly a third of people in the US are using music streaming subscriptions

Some 51% of the $10.3bn generated by streaming in 2019 was paid out to US labels and distributors

The global record industry generated $18.8bn last year – with 31% going to Universal Music Group

Universal's market share increased by 0.6 points to 30.3%

The global recorded music business is on course to top $20bn in annual revenues in 2019 – but it can’t over-rely on the USA

Mark Mulligan says that global sales hit $18.9bn this year

Global recorded music industry revenues topped $17bn in 2017 – and independent artists generated $472m of it

Industry revenues have grown by over $2bn in past two years, says Midia Research