The International Federation of the Phonographic Industry (IFPI) released its full-year 2021 report of worldwide recorded music revenue. As with the recent U.S. report supplied by the RIAA, streaming music was the leading revenue category around the world in 2021. Click for details, graphic, and report download. Continue Reading
The IFPI has released its annual global music report, offering a look back at the results for an increasingly international industry over the course of 2019. As we’ve already seen in so many individual markets, streaming is continuing to secure growing shares of the music market. It was responsible for more than half of the global revenue in 2019, according to the IFPI’s results. Continue Reading
The IPFI and German music trade body BVMI won a victory in a legal case against a website that sold stream manipulation services. The organizations received an injuction against Followerschmiede.de. The site creates “plays” on digital service providers such as YouTube and Spotify that do not represent actual human listening. Continue Reading
The IFPI and Worldwide Independent Network (WIN) announced a new deal that will see the two parties collaborate on a system for collecting recording industry data. The Repertoire Data Exchange, or RDx, is a centralized industry data exchange service that will allow record companies and music licensing companies (MLCs) to manage their recording rights. Continue Reading
The IFPI has released its Music Listening 2019 report, a snapshot of the current global audio habits and trends. The organization found that time spent listening to music in a week rose from an average of 17.8 hours in 2018 to 18 hours in 2019. That breaks down to a daily average of more than 2.6 hours of listening. Continue Reading
Latin America is making waves in the music world, both in creating and consuming music. IFPI Director of Insight and Analysis David Price presented recent findings from a report on Latin American music consumers at the Midem conference that capture that impact. Continue Reading
The report found that the global recorded music market reached revenue of $19.1 billion. That figure grew 9.7% over 2018, marking a fourth consecutive year of growth and the highest rate since the IFPI began tracking the metric in 1997. Digital sources accounted for 58.9% of the international total, or $11.2 billion. It was the first year that digital formats surpassed $10 billion in revenue. Continue Reading
The IFPI has released its annual music consumer insight report, offering a snapshot at how people listen around the world. The latest analysis confirms several ongoing trends in the music space, including the dominance of streaming, the reliance on mobile devices, and the threats posed by piracy. Continue Reading
Streaming revenue has topped yet another report. The International Federation of the Phonographic Industry has released its Global Music Report 2018, which showed a third consecutive year of increased music sales on the back of streaming growth. Continue Reading
IFPI reported that streaming music helped drive growth for India’s music industry in 2017. Total music revenue in the country rose from 5.7 billion rupees in 2016 to nearly 7.26 billion rupees last year. Streaming music revenue grew by 37.26%. Continue Reading
Austria posted 6.1% growth in its music market during 2017, reaching a total of 145.4 million euros. Streaming revenue grew 86% to 32.6 million euros. According to the IFPI Austria, streaming was the main driver of the country’s music growth last year. Continue Reading
The IFPI has released a new report focused on the consumer music industry, and the analysis finds continued traction for streaming as a listening format worldwide. The results showed that 45% of listeners are engaged in licensed audio streaming, up from 37% last year. Continue Reading