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
The IFPI published its annual global music report reflecting on the industry’s 2016 performance. Global revenue increased 5.9% to $15.7 billion. Digital revenue rose 17.8% to $7.8 billion, enough that it now has a 50% share of the global music industry’s total. “If the digital market continues to grow, so too will the overall level of remuneration to artists, as will the levels of overall investment required to create new music whilst helping to drive digital innovation,” IFPI CEO Frances Moore said. Continue Reading
Earlier this week, we reported on YouTube’s announcement that it made $1 billion in payouts to the music industry from advertising revenue alone during 2016. Although that seems like a striking metric, the news got an immediate response from the IFPI. Continue Reading
The IFPI and WIN (Worldwide Independent Network) released a report on the investments music labels make into the industry. It’s an interesting data set about how this portion of the music machine operates, especially when it comes to artists seeking new ways to distribute their work in a digital economy. Continue Reading
A new trend in music piracy could be counteracting the gains made by subscription streaming services. According to new research by the IFPI and Ipsos, nearly half of people aged 16 to 24 use software to make illegal copies of streamed music. Continue Reading
IFPI Norway released financial results for the first half of 2016, another banner report for streaming. The nation posted total music sales growth of 7.8% to 333 million kroner ($40.3 million). Streaming now holds a 83% share of that total, generating 278m kroner ($34.6 million) in the period. Continue Reading
The IFPI has released its 2016 global report, which points to streaming as the key reason behind music’s first year of significant total revenue growth since 1995. Global revenue rose 3.2% last year to $15 billion. Digital outperformed physical revenue for the first time, a result that echoes the U.S. trend highlighted by the RIAA’s annual report. Within that strong performance, streaming emerged as a powerhouse, accounting for 43% of the year’s digital revenue. Continue Reading
Switzerland’s music market saw continued digital growth in 2015, even as the overall performance declined. Total revenue for the market last year was 81.8 million Swiss francs, down 3.5% from the previous year, according to the IFPI. Continue Reading
Brief news items and worthy reads from around the web: Playlist placement isn’t enough; reactions to PRS/PPL joint venture; Adele named #1 by IFPI. Continue Reading
IFPI Denmark released data on the first half of 2015 for the country’s music industry, which showed a strong performance by streaming. Revenue from streaming platforms rose by 14% in H1 2015 compared with H1 2014. Recorded music overall rose just 0.4% since the same period last year, which physical sales dropping 35% and downloads falling 13% from the year-ago period. Continue Reading
The IFPI has thrown its hat into the ring to discuss streaming royalties paid to artists. The group’s CEO Frances Moore penned a blog post about this delicate subject based on IFPI’s own research into the music industry’s financial situation. “The issue is not that artists are getting lower royalty payments from digital services – they are not – but that the overall recorded music market has shrunk, which means smaller revenues for all involved,” she wrote. Continue Reading
The IFPI has another half-year report, this one from its Finnish branch. Total recorded music revenue increased 0.5% for the first half in Finland for a total of €15.12 million. Subscription streaming posted the most growth, up 39.9% to €8.95 million. Continue Reading