Music industry

Analysis: the music industry enters 2020 on a wave of growth – and optimism

Barring a major surprise, 2019 will have been the fifth straight year of growth for the global recorded music industry. Over those five years, its annual revenues have grown from $14.2bn to $19.1bn, taking it almost back to its 2004 level. If 2019 matched 2018’s 9.7% growth, we could be talking about $21bn last year.

MusicAlly

2020 vision: 20 industry leaders reveal hopes for the biz in a new decade

The start of a new decade is set to bring potential turmoil with Brexit, further pressure on physical music and a continuing awareness around artist rights in the streaming era. Issues surrounding diversity will also be high on the agenda.

Music Week

Beijing’s music industry to be worth $17bn by 2025

The local government in Beijing wants the city to become an “international music capital” by 2025, with plans for venue builds and music tech innovation.

IQ Mag

Tencent's 10% buy of UMG

As the global music industry turns its head to 2020, Tencent, one of China’s largest internet and entertainment companies, shook the music business the last day of the year as it agreed to purchase 10% of Universal Music Group from its parent company Vivendi for $3.36 billion.

Music Business Worldwide

Romania is EU’s biggest violin exporter

Romania was the European Union’s biggest exporter of violins to countries outside the EU, with over 14,000 violins exported in 2018, according to data released by the European statistical office Eurostat on Violin Day (December 13). Romania’s exports represented 28% of the total number of violins exporter by EU countries.

Romania Insider

Streaming : le disque d’or se dématérialise

Pour continuer à distribuer des cadres dorés, les certifications du Snep (disque d’or, de platine, de diamant...) prennent en compte depuis quelques années les statistiques des plateformes, et plus uniquement les ventes physiques de disques, en chute libre. Mais les modes de calcul, qui viennent de changer, divisent la profession.

Libération

Warner launches $650m fund to do battle with music’s big spenders

On one hand, these are heady times for major labels: MBW analysis will predict that the record companies of Universal, Sony and Warner will generate a combined $14bn in 2019 – yes, that’s more than $1bn per month.

Music Business Worldwide

Is it time for Spotify and other streaming services to increase their prices?

As Spotify’s ARPU rates continue to decline, pressure from rightsholders is being exerted on the company to consider raising its prices, but, so far, SPOT has resisted.

Music Business Worldwide

Africa gears up for digital boom

Africa’s digital collections over the past four years have seen a 32% growth. As a continent with a very young population and high smartphone penetration, the potential for even more growth cannot be overstated.

Music in Africa


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