Apr 20, 2022 · Yet the music industry is anything but ‘as it was’, with streaming, rather than CDs or vinyl records, behind recent record growth. Global music revenues rose almost 20% last year, driven by a surge in streaming which accounted for 65% of the industry's revenues, according to the annual report of IFPI, the organization that represents the ...

May 27, 2020 · The second, recorded music, combines revenue from streaming, digital downloads, physical sales and synchronization revenues (licensing of music for movies, games, TV and advertising). Recorded music today is close to the industry’s pre-piracy peak, a testament to the growing adoption of streaming services by both music labels and consumers.

Mar 30, 2023 · Last year, digital music accounted for the lion's share of worldwide music revenues, with streaming services alone accounting for 67 percent of the industry’s total haul. According to IFPI, 589 million people were using a paid music streaming subscription by the end of 2022 and streaming revenues are now considerably bigger than digital ...

Feb 9, 2023 · This internet-heavy metric is being reflected on the business side as well, with 75% of the music industry’s revenues in the U.S. coming from streaming. However, for artists, streaming revenue is usually the third-biggest earner after live performances and sales.

Feb 28, 2024 · Generative AI and the music industry Legendary producer Nile Rodgers was at Davos to receive the Crystal Award for his contribution to music, his commitment to fighting systemic racism, inequality and injustice, and for championing young voices.

Aug 4, 2021 · After COVID-19 slumps, the global entertainment industry is set to rebound, a new PwC report says. Online data consumption spiked 30% during pandemic. Many consumption patterns and consumer habits learned during the pandemic will become embedded. Live music and cinema are expected to bounce back.

Aug 3, 2019 · A BBC investigation into the environmental impact of music festivals shows reducing plastic pollution is now a major challenge for festival organisers. Figures from the UK show an estimated 23,500 tonnes of waste are produced by music festivals each year – about the same weight as 78 fully loaded Boeing 747 airplanes.

Jul 24, 2020 · In the music industry, for example, scores of top Black artists have signed with Sony Music and Warner, but there is only one Black member on Sony Music’s 12-member board and zero on Warner Music’s. For an industry that has profited from Black artists who have dominated music charts in rock, jazz, hip-hop and pop, structural change could ...

May 15, 2020 · Thirdly, we should expect to see the gaming industry increase its partnerships with other entertainment sectors. Some video games become so popular that they spill over into cultural discourse. The most obvious recent example is Fortnite, which has made its mark on music, sports and television. The game has hosted live concerts, premiered new ...

Jan 23, 2025 · For example, as a report from the International Confederation of Societies of Authors and Composers found last year, those working in the music industry could stand to lose almost a quarter of their income to AI within the next four years.