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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.
Taylor Swift is the highest-grossing live music artist of all time, collecting $3 billion according to Pollstar. The Rolling Stones are the highest-grossing live music group of all time, collecting over $2.9 billion according to Billboard Boxscore. U2, Bruce Springsteen, Coldplay, and Elton John also passed two-billion mark in concert revenue.
Before the existence of recording medium and its player, the music industry earned profit through selling musical compositions on sheet music. The very first sales chart published by Billboard magazine in the United States was the Sheet Music Best Sellers chart. [19] Following the invention of the phonograph, by Thomas Edison in 1877, [20] the ...
The U.S Latin recorded-music industry posted record revenue of $685 million, marking significant growth in physical sales and strong streaming numbers, according to the RIAA’s mid-year Latin ...
But experts say recent economic trends in the live-music industry, especially the type of consolidation the Justice Department is now targeting, have translated into fewer smaller-sized venues.
In the early 21st century, tour revenue skyrocketed as record sales collapsed and musicians began relying on live shows for their income. [4] The first tours to surpass $100 million in revenue, according to reports, were Michael Jackson's Bad World Tour and Pink Floyd's A Momentary Lapse of Reason Tour, both of which ran from 1987 to 1989.
“The majority of emissions within live music come from audience travel — burning fossil fuels to get to and from concerts,” says Matt Brennan, a professor of popular music at the University ...
As of 2023, Japan still remains the second largest music market by revenue. [336] Physical music still dominates the market holding a 65.5% market share by value as of 2023. [337] Since the start of the decade J-pop has begun to appear in global charts, although it had not had such global popularity before.