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That figure accounts for 84 percent of total music industry revenue. Moreover, paid subscriptions to streaming companies increased by 9 percent to $11.2 billion in 2023.
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 Competition and Markets Authority says its initial analysis of the sector shows it offers good choice for music fans. Music streaming market is offering ‘good outcomes’ for consumers ...
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 ...
Markets' order within the tables is based on Retail Value: each market generates respectively, the largest market at the top and smallest at the bottom. [9] [10] The column for certified sales includes markets, the databases of which contain certifications representing figures of 100,000 and more.
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