Sales of the music industry will grow 18.5% year-on-year in 2021, the market will be 3 trillion yen, and the number of paying subscription subscribers will exceed 500 million worldwide.

IFPI , an international music industry group, has published the revenues of the entire music industry in 2021. Both physical media and streaming are growing year-over-year, suggesting that the music market is heating up.

Resources --IFPI

IFPI Global Music Report: Global Recorded Music Revenues Grew 18.5% In 2021 --IFPI

Loud & Clear

According to IFPI, revenues from the global music industry increased 18.5% year-on-year in 2021 for a total of $ 25.9 billion. The biggest increase was paid subscriptions from streaming services, with revenues up 21.9% year-on-year to $ 12.3 billion. Also, as of the end of 2021, there were 523 million subscribers to the subscription.

Overall sales of streaming services, including paid subscriptions and advertising revenue, increased 24.3% year-on-year to $ 16.9 billion. That's 65% of the total music industry. In addition to streaming services, the music industry is doing well overall, with physical media growing 16.1% and playing rights growing 4%.

By region, revenue increased 16.1% in Asia, with Japan having the highest revenue at 9.3%. As a continuing trend, Asia has a high percentage of physical media revenue, accounting for 49.6% of the world total.

Revenues have increased by 4.1% in Australia and neighboring countries, 15.4% in Europe, 31.2% in Latin America, 35% in the Middle East and North Africa, 9.6% in sub-Saharan Africa, and 22% in the United States and Canada.

IFPI representative Francis Moore said, 'Record companies around the world have supported music culture and worked to develop new ecosystems, which has made the music market unprecedentedly competitive today. Enjoying more music than ever before in a variety of new ways, which means it creates great opportunities for artists. Artists who choose to partner with record labels will have commercial success. You can get support from professionals who can build a long-term career. '

In addition, Spotify, a leading streaming service, has released survey data that summarizes the activities of 2021. According to the data, Spotify expanded the market by exceeding the total sales in 2016 only by the revenue from the streaming service in 2021, and in 2021, it will increase 140% from the previous year to 7 billion dollars (about 850 billion yen) as an artist. It was said that it was returned. Spotify alone has achieved sales of $ 10,000 (about 1.2 million yen), which is the largest number ever for 52,600 artists.

Spotify CEO Daniel Ek said, 'One of the things we can see from the 2021 results is that not only is streaming driving record revenue in the music industry, but more artists are seeing its success than ever before. It's a conflict. This number shows the further progress of the vibrant and diverse music industry. '

in Web Service,   Art, Posted by log1p_kr