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The world's largest recorded music markets are listed annually by the International Federation of the Phonographic Industry (IFPI). The ranking is based on retail value (rather than units) each market generates respectively per year; retail value generated by each market varies from year to year.
The main branches of the music industry are the live music industry, the recording industry, and all the companies that train, support, supply and represent musicians. The recording industry produces three separate products: compositions (songs, pieces, lyrics), recordings (audio and video) and media (such as CDs or MP3s , and DVDs ).
The IFPI Global Music Report has long been viewed as the definitive snapshot of the international music industry’s health (or otherwise). After all, the global recorded music industry trade body ...
The U.S. recorded music industry grew its revenue by 8% in 2023, reaching an all-time high of $17.1 billion and marking eight consecutive years of growth. However, there’s no question that the ...
The U.S. music industry continued its robust growth in the first half of 2023, according to the RIAA’s latest mid-year report. Total revenues grew 9.3% at estimated retail value, reaching an all ...
The music industry continued its growth, and by 1921 the value of record sales in the US reached $106 million with 140 million records being sold. [ 21 ] Album sales were first reported by Billboard magazine on March 24, 1945. [ 22 ]
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