Music Business Worldwide

MiDIA

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

Global recorded music industry reached $16.1bn in 2016 – up 7% YoY

Streaming revenue reached $5.4bn last year, growing 57% year-on-year and up from $3.5bn in 2015

Global market shares 2016: Sony and Warner gain on Universal, as indies rule

Universal the market leader - but indies have a bigger combined share

Average streaming subscription price fell to $6.49 a month in 2015

Mark Mulligan predicts there will be 221.5m subs by 2020 worldwide