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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 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 ).
Record sales or music sales are activities related to selling music recordings (albums, singles, or music videos) through physical record shops or digital music stores. [ 1 ] [ 2 ] [ 3 ] Record sales reached their peak in 1999, when 600 million people spent an average of $64 on records, achieving $40 billion in sales of recorded music.
Large Drops in the Live Music and Concert Industries. The live music industry saw a 75% decline in 2020, according to Goldman Sachs. Up to 85% of live music revenue will be lost in the United ...
The certified units of the newer artists may sometimes be higher than their listed claimed figures. This is because Recording Industry Association of America (RIAA) and almost all other certifying bodies count streaming towards Gold and Platinum thresholds required for Digital Single Award certification.
In 2023, the music industry recorded its highest revenue of all time, with over $8.4 billion in the first half of 2023. The RIAA reported that the number of people with streaming subscriptions had more than doubled since 2019. [45] The Eras Tour, Taylor Swift's sixth headlining concert tour, became a cultural and economic phenomenon as well.
The Beatles is the highest-certified music artist in the United States with a total of 183 million certified album-equivalent units.. This is the list of the highest-certified music artists in the United States based on certifications of albums and digital singles (but not physical singles) by the Recording Industry Association of America (RIAA). [1]