Get up to speed on any industry with comprehensive intelligence that is easy to read. The IFPI’s “Global Music Report 2017” provides a good example of the data Access new updated reports and statistics for the Music Industry in Australia. Amidst the pandemic, the value of the electronic music industry could fall by over 56%. The live music industry had a turnover of just over 1.5 million euros in the province of Ciudad Real during that year. It’s seen as a key driver for tourism to the UK. The major concern in the music industry is profits gained from companies that partake in tasks like publication, distribution and production of music around the world. This driver is expected to create several growth opportunities and entice market vendors to make significant investments. Over the past decade, large national concert promoters like Live Nation and AEG have been acquiring venues and music festivals at an increasing pace. The UK advertising industry ranked second worldwide for the number of creative awards won in 2016, according to the Gunn Report. Video streaming rose 72.4% between Q1 2018 and Q1 2019 (Streaming Media). Tweet. About $400 million of revenue will come from digital downloads in the US by 2024. Every decade represents a shift in the music industry, from the way we’re able to listen to music to the evolving genre of sounds. Radio accounted for just over half (50.7%) of global music, radio and podcast revenue in 2020, up from 43.7% the previous year due to the decline in live music revenue. For those seeking help, Support Act offers financial assistance to music industry workers and has a 24-hour wellbeing helpline on 1800 959 500. As it stands, streaming is contributing 75% of the global music industry revenue. Is live music an industry in decline? The main branches of the music industry are the live music industry, the recording industry, and all the companies that train, support, supply and represent musicians. In our 2020 Global Entertainment & Media (E&M) Outlook, we predict that total E&M revenues in the UK will rise at a compound annual growth rate (CAGR) of 2.8% to reach £79.8bn in 2024. 2019 Coachella was the live music event with the highest live viewership at 82.9 million live views (Variety). The global Live Music market report provides SWOT Analysis with potential market opportunities for evaluating the Overall Market, underlining opportunities, and … The UK is the most important market in the world for advertising as a percentage of GDP. Peter Alhadeff Berklee College of Music Abstract. Live performance accounts for 28% of an average musician’s income, and is the largest piece of the pie. (Tech Jury, 2020) 7. In 2017, it states that 29.1 million people attended concerts and festivals in the UK which was a 17% increase on the previous year. The global Live Music market report provides SWOT Analysis with potential market opportunities for evaluating the Overall Market, underlining opportunities, and … Public Research Findings: Live Music Industry Faces Triple Threat During Recovery. Additionally, every state and territory recorded growth in revenue and attendance. $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). Following are those statistics and other primary takeaways from the 2020 IMS Business Report. Current forecasts anticipate a revenue fall for the live music industry of ~90 percent in 2020, a number that will only recover once the global borders are opened to touring acts. The Global B2C Live Streaming Video Platform Market 2021 is segmented as per type of product and application. Each segment is carefully analyzed for exploring its market potential. Global radio revenue was worth US$39.6bn in 2020, down from US$45.2bn the previous year, and is … Video streaming rose 72.4% between Q1 2018 and Q1 2019. Live... 3 Key Facts About the Live Music Industry. In what should be a huge red flag for the industry, 2013 digital track sales fell 5.7% from 1.34 billion units to 1.26 billion. In what should be a huge red flag for the industry, 2013 digital track sales fell 5.7% from 1.34 billion units to 1.26 billion. The amount spent on recorded music is proportionate to Employment Music and performing arts employs over 43,000 people in Australia. Live music injects over $1.2 billion into the Australian economy annually, and the broader Australian entertainment sector is valued at $ 3 billion. This statistic shows the responses to a survey about music event attendance in Canada as of April 2015. Streaming has provided some compensation for the music market amid COVID-19, and it is now the largest driver of industry revenues. Get the latest trends and understand the impact of the crisis on the market. London remains the most popular destination for music tourists, with 2.8m coming to a wide range of live music including festivals such as Wireless … Music industry trend #1: Independents will have to work together to secure top talent. Over the years, the market has adapted well to the many changes. The report clearly understands how important live music is to the UK economy. The statistic provides information on the live music industry revenue in the United States sorted by source from 2012 to 2015, as well as a forecast … The live music market industry report identifies increased use of mobile apps as one of the primary drivers propelling the growth of the market. If Len Blavatnik could command this price for Warner in 2020, it would mean he … It’s still a small portion of the $15 billion recording industry, but it also isn’t just a blip on the radar anymore. The pandemic has forced the music industry to get creative, making it essential for artists to integrate new forms of media into their routine as a way of … The live music industry makes the UK a fair bit of money. Over the years, the market has adapted well to the many changes. Music Canada commissioned Abacus Data to conduct public opinion research to determine how the music industry is being impacted by Canadians’ changing feelings around music, during the pandemic. The live performance industry had a record-breaking year in 2017. According to the National Independent Venue Association, hundreds of independent music … The reported global digital music revenue in 2018 to $2.3 billion. Global"Live Music Market"provides strong industry focus with top Countries by key players/manufacturers, suppliers, distributors, traders, customers, investors and major types as well as applications and forecast period. It’s seen as a key driver for tourism to the UK. Fans still value the unique experience of seeing their favorite artist in concert enough to pay for it. For music labels, streaming margins are generally higher (50-60%) than physical music products (40-50%). Public Research Findings: Live Music Industry Faces Triple Threat During Recovery. Find statistics, reports and market data on Live Music Industry Analysis. 9 Fascinating Live Music Industry Statistics The Global Music Industry. All of the segments are studied in detail on the basis of market size, CAGR, industry share, consumption, revenue, and other vital factors. Electronic dance music (EDM), also known as dance music, club music, or simply dance, is a broad range of percussive electronic music genres made largely for nightclubs, raves, and festivals.It is generally produced for playback by DJs who create seamless selections of tracks, called a mix, by segueing from one recording to another. Feb 8 2021 in Uncategorized. increased. The Music Industry Was Built on Racism. Key statistics, information, facts, and figures of Live Music Industry. Experts predict that by 2024, almost $5 billion in revenue will come from streaming. It is anticipated that live music revenue in the U.S. will grow from $9.3 billion in 2015 to $11.69 billion in 2020. The album will continue it's decline as the primary format of the music industry to be replaced by 'Projects' or 'Campaigns' 9/ Think Global, Act Global. 2019 In Review: Music Canada commissioned Abacus Data to conduct public opinion research to determine how the music industry is being impacted by Canadians’ changing feelings around music, during the pandemic. Meaningful music streaming statistics have shown that music streaming is the force behind the rapidly growing music industry. UK Music, the umbrella organisation representing the commercial music industry from artists and record labels to the live music sector, has revealed that the industry … In 2018, streaming … Breaking down entertainment industries in the Global Entertainment and Media Outlook 2018-2022 report, PwC reveals live music revenue will increase at a compound annual growth rate (CAGR) of 3.3% heading into 2022. This includes ticket sales and sponsorship. The venue-based live music industry supports employment of over 14,800 positions. 2021 Live Music Industry Recovery Plan. In the measured period, approximately 30 percent of live music festivals in the region … The online live streaming industry has grown 99% between April 2019 and April 2020. Net billing of the live music industry by province Castile-La Mancha Spain 2018. Live Music Measures Up: An Economic Impact Analysis of Live Music in Ontario is the first comprehensive study of the live music industry in Ontario. Improvements to live streaming technology such as artificial intelligence to improve quality, and blockchain technology are expected to play a big part, or so the live video streaming statistics tell us. Live music is the one area of the industry’s revenue that remains reliable as a guaranteed source of cash. Categories which experienced the largest growth in revenue and attendance between 2016 and 2017 were Contemporary music, circus/physical theatre and festivals (contemporary music). Published by Statista Research Department , Dec 8, 2015. The music industry comprises of a variety of firms, companies and independents. Based on how little music sales and streaming brings in for independent artists these days (more on that in a moment), it’s not surprising that ongoing touring and live engagements have the potential to bring in steady income. The statistics on this page are aggregated wholesale net shipment figures reported by Music Canada major and independent label members for both owned and distributed labels. Read the Live Music Recovery Plan here. 5/ Live Streaming Platforms. This is indicative of the fact that live music is one of the most successful sectors in the music industry in Scotland. Music Industry News, Jobs & Charts. The 2020-2024 Australian Entertainment and Media Outlook recorded Australia’s total music market at $1.82 billion last year, and is expected to rise to $2.32 in 2024. Published by Statista Research Department , Jul 13, 2021. Published by Statista Research Department, Jan 8, 2021 The statistic provides information on the live music industry revenue in the United States from 2012 to … Find industry analysis, statistics, trends, data and forecasts on Concert & Event Promotion in the US from IBISWorld. For comparison, in Sweden (the home of Spotify ), global paid music streaming penetration is 52%. Statistics on " Live music in the United Kingdom" The most important statistics. Live Music Measures Up: An Economic Impact Analysis of Live Music in Ontario is the first comprehensive study of the live music industry in Ontario. 5. Nonetheless, the music industry loses as much as $20 million each year in pirated downloads, according to a 2012 CBS report. Global"Live Music Market"provides strong industry focus with top Countries by key players/manufacturers, suppliers, distributors, traders, customers, investors and major types as well as applications and forecast period. The live music market report also provides several other key information including: The online live streaming industry has grown 99% between April 2019 and April 2020 (Daily eSports). The Live Music Industry Will Be Worth $31 Billion Worldwide by 2022 According to a new study from Pricewaterhouse Coopers (PwC), the live concert industry will … The live music industry makes the UK a fair bit of money. 8. Get market data and statistics of Live Music Industry revenue. The recording industry is growing, and revenue is up 16,5% in 2017, adding up to $8,8 billion in retail value. On Tuesday, the major labels protested police brutality with a “blackout.”. The live streaming industry has grown by 99% between April 2019 and April 2020. The report provides critical data and information that will help guide decision-making within the sector, in … Particularly, interactive streaming via services like Spotify, Apple Music, YouTube, and Amazon Music is spearheading industry growth. A lot was made of the importance of saving music venues and supporting musicians, and … Changing It Will Take More Than Donations. In May 2020, Goldman Sachs estimated the entire music industry’s revenue (live, recorded, and publishing) to increase from $62 billion in 2017 to $131 billion in 2030, representing a 6% CAGR. The live music industry saw a 75% decline in 2020, according to Goldman Sachs. But the live music industry ground to a halt when the COVID-19 outbreak hit the U.S. in March. Since 2006, worldwide music industry revenues have been more than $60 billion each year. According to estimates, the live music industry will see a compound annual growth rate of 3.11% by 2023. The figures connected to live music statistics will improve in the foreseeable future, according to Statista. The live music event with the highest live viewership was 2019 Coachella at about 82.9 million live views. The live events industry has essentially been shuttered since March 2020. Conversely, the different genre categories experienced varying shifts in growth and decline. • The retail sector is also buoyant, with Scottish consumers spending in the region of£330.9 million a year on musicalinstruments and live and recorded music. The organisation, which represents the recorded and live music industry, said revenues were up by 11%, and exports grew to a value of £2.9bn. Since March, coronavirus has decimated the live industry. The Power of Data in the Live Music Industry. Banks, consultants, sales & marketing teams, accountants and students all find value in IBISWorld. Live music revenue is projected to decline by 90% in 2020, according to a new report by PwC.. 9. The music industry comprises of a variety of firms, companies and independents. (Source: Daily eSports) Fans still value the unique experience of seeing their favorite artist in concert enough to pay for it. With a 30X multiple applied, this would result in a valuation of $18.8 billion. T he initial impact of Covid-19 on the music industry was an unexpected one. 4. A testament to this is the amount of revenue the industry makes from streaming. The report clearly understands how important live music is to the UK economy. This statistic presents the net turnover of the live music industry in the Spanish community of Castile-La Mancha in 2018, broken down by province. Overall, the music industry grew by an amazing 4.7% in recession-ridden 2008, according to PRS for Music, and will probably be resilient when the full 2009 figures come in. Find statistics, reports and market data on Live Music Industry Analysis. 7. Posted 16 … Five months with very little to absolutely no activity, from Broadway, off-Broadway, and regional theatre to opera, dance, classical music, concerts, tradeshows, festivals…all of the places where the live events industry thrives; where entertainment design and technology are put to use. Music industry trends like boomboxes, cassette tapes, and the New Wave and pop hits mark the ‘80’s era, while CDs and Apple iTunes playing boy and girl band phenomenons and catchy one-hit wonders were part of the trend of the ‘90s and into the early 2000s. REALITIES We are a net cultural importer The music industry represents 240,874 jobs in France Music and the French 99% of French people listen to music, on average 2h 25min per day 3 out of 4 French people could not live without it 6 out of 10 French people go to a concert or a festival at least once a year Festivals in 2013 1,425 contemporary music festivals were held in 2013: Over the same period, streaming revenue went up by 43%. Music Streaming Statistics 1 General Statistics. The growth of music streaming offsets a 21.2% decline in download revenue. ... 2 Music Streaming Revenue Statistics. The global music streaming market is estimated to grow at a CAGR of 7.4% from 2020 to 2027, to reach $46.9 billion in 2027. 3 Music Streaming User Statistics. ... 4 Takeaway. ... While the recorded music industry income in France has been on a downward spiral over the past twenty years, it also experienced a slight rebound as of 2016. The music industry has benefited from the growth of streaming services, which have been the main driver of global music recording revenue growth since 2015. Ticket sales will make up $24 billion of that total. During the reported period, 45 percent of respondents stated that they shared photos on social media while attending a live music … The recording industry produces three separate products: compositions (songs, pieces, lyrics), recordings (audio and video) and media (such as CDs or MP3s, and DVDs). Up to 85% of live music revenue will be lost in the United Kingdom, according to U.K. Music. The entire live music industry has come to an abrupt screeching halt in a matter of weeks, and unfortunately, everyone is still struggling to adapt to these immense changes. Getty UK Music industry in 2019 The report provides critical data and information that will help guide decision-making within the sector, in … 98. This statistic shows the duration of live music festivals in the Canadian province of Ontario in 2014. That period represents a significant shift in the industry, both in terms of production and consumption. Between 2016 and 2017, ticket sales revenue increased significantly by 31.7% and in attendance by 22.6%. According to the calculation, the live concert industry’s total revenue will reach $31 billion in four years. Indian Music Industry Stats: India's Digital Revolution By the Numbers. The benefits of live music 7. Current methods of compiling music industry statistics need to be reconsidered in the light of the massive changes that have wrought havoc in the trade since 2001.This paper will focus on the annual U.S. aggregates of recorded music and live music. In 2018, India became the 5th biggest economy in the world in terms of the current GDP. Music Canada provides annual Canadian music market sales reports on our Statistics page. (Streaming Media, 2019) 6. While individual market estimates vary, financial research sources as a whole point to continued strong consumer interest in concerts and live music experiences in the years to come. The music industry created, directly or indirectly, 1.9 million U.S. jobs across a very wide variety of ... IFPI develops statistics that illuminate trends in music revenues by country and by medium. That growth is primarily powered by the rise of streaming services. (Variety, 2020) 5. It’s the fastest-growing economy out of the top-10, projected 7% CAGR up until 2023.This almost unprecedented economic growth is powered by the population of 1,35 billion people, which keeps on rising — India is expected to … The major concern in the music industry is profits gained from companies that partake in tasks like publication, distribution and production of music around the world. Monthly year-over-year turnover growth of the live music industry in Spain in 2019 Further Content: You might find this interesting as well Statistics Live music is the one area of the industry’s revenue that remains reliable as a guaranteed source of cash. 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). The largest portion of the live music market for concerts and tours is controlled by Live Nation, the largest promoter and music venue owner. Live Nation is a former subsidiary of iHeartMedia Inc, which is the largest owner of radio stations in the United States . According to data (published at Statista.com) on the revenues of the live music industry in the U.S., live music tickets sales generated $6.78 billion in 2012 — since then, the numbers have continued only to grow.In 2013, sales of live music tickets amounted to $6.88 billion. 6. Canada: popular activities at live music events 2015. According to data (published at Statista.com) on the revenues of the live music industry in the U.S., live music tickets sales generated $6.78 billion in 2012 — since then, the numbers have continued only to grow.In 2013, sales of live music tickets amounted to $6.88 billion. Colorado’s music industry as a whole lost an “estimated 8,327 jobs, which amounts to a 51 percent loss. Live music is at the heart of the UK’s thriving music scene, accounting for almost one quarter of the music industry’s £4.5 billion contribution to the UK economy.5 The Association of Independent Festivals identifies that through supporting local landowners, suppliers and facilities: Contemporary music and musical theatre continue to command the largest market share. Statistics. Data analysis applies to every possible industry, yet over the past several years, the live music industry has fallen behind other entertainment industries that are using data in big ways. Combined they represent 66% of industry revenue and 54% of attendance. Youtube music statistics show that music videos can go viral in hours and hit over 100 million views … In 2017, it states that 29.1 million people attended concerts and festivals in the UK which was a 17% increase on the previous year.

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