Revenues from music recordings grew by 2018% worldwide in 9,7. This is stated in the 'Global Music Report 2019' of IFPI, the umbrella organization of the music industry.
According to the IFPI report, the total turnover of the music industry in 2018 was $ 19,1 billion. It is the fourth consecutive year that sales are growing. The fastest growing markets are Latin America and Asia.
Do you want to read the entire report? You can do that via .
The Recording Industry Association of America (RIAA) announced this week that last year revenue from streaming services in the United States for the first time exceeded that of digital downloads and physical sales.
The RIAA further reports that streaming revenues are more than $ 2 billion for the first time. In total, music streams now account for 34,3% of total music sales in the United States. Music downloads - mainly from iTunes - account for 34,0% and physical sales make up 28,8% of total sales. The latter category still consists mainly of the sale of CDs. The other 2,9% of the total turnover consists of deals where music is used in advertising or film, for example.
You can view the entire RIAA report here download in pdf format.
