Global Revenue of the Music industry
https://www-statista-com.libweb.lib.utsa.edu/statistics/272305/global-revenue-of-the-music-industry/
If you struggle accessing this link:
- Go to the UTSA Libararies Website
- Click on Databases and select letter “S”
- Choose Statista
- Login with UTSA Credentials
- Type in search bar: ” Global Revenue of the Music industry”
I am always interested in statistics around the music industry so I enjoyed this revenue graph. The first thing I noticed was how the highest revenue was in 1999 and has decreased since 2001. This is only 2 years. However, revenue has been growing since the all-time low in 2014. I predict that this drop in revenue was due to the decreasing sales in physical albums due to the digital media market from Apple’s iTunes and later, the introduction of streaming services such as Spotify and Apple’s Apple Music. However, these digital ways of obtaining music, specifically streaming, have also contributed to the growing revenue in the music industry. Here is an article on how streaming has benefitted the music industry.
https://www.theguardian.com/music/2018/apr/24/weve-got-more-money-swirling-around-how-streaming-saved-the-music-industry
The graph in this article shows the revenue in billions of dollars in the music industry from 1999-2018. at is peak in 1999 the revenue was 25.2 billion with a steady decline until 2014. now on a positive trend through the present. My hypothesis is that with the digital age beginning in the 1990s the consumption of physicals began to decrease and move to online platforms. In turn, the creators of music benefited from the digital age also making music more efficiently. The total output of music being created increased and this is what i believe is the cause of the upward trend now.
this article goes into some percentages of what make u the total revenue of the music industry –> https://ifpi.org/news/IFPI-GLOBAL-MUSIC-REPORT-2019
This chart displays the amount of revenue generated in the music industry for the past decade. Most of the chart depicts the overall revenue in the music industry to be steadily declining until the year 2015. According to the chart, revenue generated in the music industry appears to be increasing after 2015. My guess for this sudden increase in recent years is due to the immense use of online streaming services such as Spotify, Apple Music, and Youtube. However, since most of the revenue generated in the music industry comes from these streaming services, paid downloads and CDs are on the decline as of now. Click the link to learn more:
https://www.forbes.com/sites/billrosenblatt/2019/03/02/the-warning-signs-among-the-music-industrys-revenue-growth/#3763424c7de3
This graph shows us the amount of global revenue that has been recorded for us by the music industry from 1999-2018. Music revenue was at its peak back in 1999 with over 25.2 BILLION dollars being generated which was most likely due to people actually buying CD’s, vinyl records, and cassette tapes. As we can see though from 2002-2014 music revenue had a big decrease only generating 14.2 billion dollars which was probably caused by the rise of the internet usage which offered illegal streaming services for downloading music for FREE. Also, included the fact that popular online site YouTube began around 2006 which people would be able to listen to their favorite songs or artist for free. All is not lost though as from 2015-2018 we get another spike increase in music revenue sales which probably thanks to all the online subscription based streaming services like Spotify, Apple Music, Pandora, Napster, and now even YouTube is getting in the mix.
Here is a link to a article that mentions almost 43% of music revenue sales came from music streaming services last year alone.
https://techcrunch.com/2018/04/23/43-of-music-revenues-came-from-streaming-last-year/
and here is another link talking about the future of music streaming.
https://insights.midem.com/music-business/future-streaming-2/
I’m not familiar with statistics so I appreciated the information I was able to retrieve from it. Looking at the graphs it shows a decline in the music industry until about the late 2000’s. My assumption is that CD’s were the main objective in music but CD’S became dull and expensive to buy so I assume the graph shows a decline. Not until the late 2000’s we were introduced to streaming sites.
Here is a website that talks about how music streaming is taking over the music industry
https://www.sciencedirect.com/science/article/pii/S016762451630110X
I find it interesting how the revenue was declining for a while, but then started to increase during 2014-2018. I think online music streaming played a pivotal role in that.
Here’s an article about the impact of online music streaming: https://www.theguardian.com/music/2018/apr/24/weve-got-more-money-swirling-around-how-streaming-saved-the-music-industry
My favorite part about the reading was the discussion of vinyl sells. I found another graph linked to the original site that shows vinyl record sales worldwide from 1997-2015. These vinyl sales are inconsistent, in 2010 2.8 million units were sold in the United States, while there were 13 million in 2016. I think vinyl sales will increase in the future because it’s a different way to experience an album.
This article was full of statistics and who doesn’t love statistics? It was actually pretty interesting to see the numbers of revenue that the music industry made going back form 1999 to 2018. What I want to know is what happened in the music industry that made the revenue decline so much from 2003 through 2014? Something that I did find interesting was the increase in the amount of digital music revenue over the past couple of years. Going form buying ringtones, albums and single downloads to a subscription or streaming really made a huge impact on the industry. Now-a-days, not a lot of people are buying these items anymore. It’s all about the subscription and being able to access the music more freely when you please.
Heres some more information on the decline of the revenue from 2000-2014.
https://musicbusinessresearch.wordpress.com/2015/03/26/the-recorded-music-market-in-the-us-2000-2014/
This article is full of statistics on the global record music venue from 1999 to 2018 in billion of US dollar. In my opinion this chart doesn’t really explains much on the inofrmation rather than just showing the numbers. I need article on full on explaining like what are reasons and means and types that being invest into and kind of musics. Overall this is confusing and not very clear article and it only shows the number and statistics. This article I found is much better then just graph. It have the stats and also information on how streaming increase the revenue in music.
link: https://musically.com/2019/04/02/streaming-drove-a-9-7-rise-in-global-recorded-music-revenues-in-2018/
It is interesting how the music industry’s revenue has gone up in recent years, as I had originally thought it to be on a perpetual decline. It is extremely clear that the advent of the internet and streaming has taken a toll on profits. I am genuinely curious as to why revenue is going up, seemingly by large increases. Here is an article breaking down the numbers behind 2018’s spike in revenue: https://www.ifpi.org/news/IFPI-GLOBAL-MUSIC-REPORT-2019
This graph provided a good insight into how revenue for music changed from 1999 to 2018, which was really interesting to see. Assuming that the steady decline from 1999 to 2014 was due to the digital age of music, it is strange to see just how technological advancements affected the industry over all. I assume the steady increase must because the shift towards streaming services recently. I wanted to look more into the revenue caused by streaming, here is a source: https://www.theverge.com/2019/9/6/20852568/streaming-revenue-growth-spotify-apple-music-industry-ariana-grande-drake-taylor-swift
This article provided us with a great graph showing recorded music revenue from 1999 to 2018. There is a steady decline in revenue throughout the years until it hits 2010. Between 2010-2015 revenues stays around the same amount and begins to increase by 2 billion in 2016 to now. I am interested to know why there was a sudden increase and I decided to look it up. I found this article: https://musically.com/2019/04/02/streaming-drove-a-9-7-rise-in-global-recorded-music-revenues-in-2018/
The global revenue of the music industry changes overtime. This is due to technological advances being distributed. From 2012 to 2014 its pretty constant and there isn’t no really change. By 2015 there is the tiniest increase and this also happened in 2016, but then you see by 2017 you see a spike that would increase every year. By 2021 it is expected that the global revenue would be 57 billion U.S. dollars. That is a pretty big change from 2012 to 2012. People nowadays are listening, downloading, and streaming music everyday. I can even say that probably in 2030 that this revenue is only going to get greater and greater.
Here is a link of more of a breakdown of the global revenue of the music industry
https://www.careersinmusic.com/music-industry-revenue
This article was very interesting on how the global revenue of recorded music has changed over the years. There are many circumstances that caused these varied amounts of revenue but starting in 2016 you can see the increase start to happen. I believe this is really when streaming and digital music became a major source in the music industry. Although digital music has become prominent in the industry, physical music did not completely disappear. I thought it was interesting to see that the global revenue of recorded music is predicted to fall again. Digital music downloads are projected to fall 19.2 percent and physical music to also fall by 11.6 percent. Below I attached an article that discusses more about the predicted decrease of global revenue in the music industry.
https://www.forbes.com/sites/billrosenblatt/2019/03/02/the-warning-signs-among-the-music-industrys-revenue-growth/#24579eb67de3
With this chart of the global recorded music revenue in the US, you can easily see trends ranging from 1999-2018. In 1999 you can easily see that this was the highest year for recorded music revenue. As the years go on, they start to decrease and hit a plateau from 2010- 2015 then start to rise up again leading into 2018. This chart is good for visually seeing how music revenue is affected. I was curious to why the sales stayed so low during 2010 so I did some research as to what caused it. https://money.cnn.com/2010/02/02/news/companies/napster_music_industry/
The article showed a great amount information that covered the music industry and the income in which was coming through the industry. There seemed to be a correlation from the amount of music being bought and the rise of the use the internet. It seemed from looking at the graphs and using my personal knowledge that the sales seem to go down due to the fact that people would download the music for free (which is illegal). This had a huge impact on the music industry cause they lost out and a world of money. There was no way for the companies to collect the money from these downloads due to the fact they didn’t know it was happening and it was on third parties websites. Then we see a spike in 2018, this is where they got smart and decided to count the streaming of music and make money.
Here is a link about SoundCloud and how they make money and will lose it again.
https://www.digitalmusicnews.com/2018/04/03/soundcloud-revenue-100-million/
As the music industry evolves and the way that people listen to music changes, it is inevitable for the revenue of recorded music to be affected. While physical music is still around, the recent increase in revenue is due to streaming services and digital music. I found an article that discusses the growth of streaming services more in depth and learned that streaming accounted for almost half of the global revenue for recorded music due to the increase in paid subscription streaming. This helped to offset the 10% decrease in physical sales.
Here is the article that I found:
https://variety.com/2019/biz/news/driven-by-streaming-global-recorded-music-revenues-soar-to-19-1-billion-1203178318/
As I started to analyze the graph, I saw that once streaming services came into the industry, it took over! I started wondering how all the other categories started declining severely and thought to myself how streaming is taking over the industry. The following link goes into more depth: https://medium.com/@murilloscarled/music-streaming-services-are-taking-over-3914223db28b
This graph provided great information on how the revenue of music has decreased and increased again over recent years. The revenue at the beginning of the digital age at the end of the 90s was still high due to the fact that most people bought CDs well into the 2000s. around 2006 it decreased sharply and around 2008 it continued. My guess for this was that 2 things probably happened, the first being the rise in platforms like iTunes and Pandora, and the second being the global financial crash of 2008, which practically slowed every interest of business, and probably affected the music industry. Here is an article I found which contains a graph that shows 40 years of music sales and goes into depth about each kind of music platform.
https://www.visualcapitalist.com/music-industry-sales/
After 2001, recorded music revenue started decreasing by around 1 billion dollars each year until 2015. This is most likely because of the rise of the internet in the 2000s. Even CDs are losing their stamina within the music world. The main reason for the rise in recorded music revenue in 2015 was because of the simultaneous return of popularity of vinyl records. Now, vinyl records are among the most popular forms of music to be used today.
Here is an article that explains why people think vinyl is better than other forms of music.
https://www.makeuseof.com/tag/reasons-why-vinyl-better-digital/
What was the most interesting to me about the revenue being made in the music industry during from the years 1999-2018 was the fluctuations of revenue as it began to go down at year 2007 with 19.4 billion dollars to the lowest of year 2014 with 14.2 billion dollars then back up again with 2018 having 18.9 billion dollars but never seemed to get to what the music industry once was like in 1999 with 25.2 billion dollars. To what can cause the huge downward fluctuation over the years after 1999 can be anybodies guess as the music industry is such a open subject in regards to what the overall revenue is actually coming from, but what can be understood is what the society was aware of in the music side of things. Because when it comes to music and how it makes money, people who listen to music play factor in the role of revenue in the music industry, as the article pr website goes into depth on how musical attendance was from 2015-2016. These little factors can help be more aware of where revenue is going when it comes to the music industry as a whole.
Here is more information on the Music industry revenue over the years.
https://www.visualcapitalist.com/music-industry-sales/
Here is a link on streaming revenue in the music industry in 2018.
https://pitchfork.com/news/streaming-made-up-75-of-music-industry-revenue-in-2018/
Being a student at UTSA, you have access to so many resources to statistics and data in the library that companies pay thousands for. The music revenue data chart, really just quantifies how much streaming services has contributed to the decline of revenue in the music industry, as we are only starting to seethe process and improvements on how artist and labels can make their money. Physical copies of music were more profitable year back but now we are so advanced in technologies other related areas are trying to catch up.
https://www.rollingstone.com/music/music-news/the-end-of-owning-music-how-cds-and-downloads-died-628660/
This was such a great resource. It didn’t take long before I had looked at 6 or 7 related data plots, many of which had obvious correlation. Looking between the table of worldwide revenue of recorded music and worldwide vinyl record sales, the peak of the vinyl sales was also one of the lowest yielding years of recorded music revenue. (this might not be an exact correlation because the vinyl record sales table ended during an up-slope on the year that I am considering a “peak”, but I would do more thorough research if I were to truly search for correlations between vinyl sales and total recorded music revenue. I also found a table showing digital music revenue in the U.S. from 2008 to 2018 by type, and I was pleasantly surprised to find that album downloads are increasing and single downloads are balancing out. I personally think it is important to consume music in the form of an album in most cases, and hope to spread this appreciation so that streaming culture doesn’t lead to the culture of only consuming music through playlists of singles. I found an article that discusses further the advantages and disadvantages that streaming platforms and Spotify in particular bring to the way that we consume music: https://www.theguardian.com/music/2018/oct/05/10-years-of-spotify-should-we-celebrate-or-despair
This article shows you the revenues from 1999-2018 throughout music history. From 2010 to about 2015 it stayed about the same revenue throughout that time. After that it slowly starts to rise again. The internet revenues starting to pick up witch lead to music downloading and streaming that to me lead to a decrease because everything was becoming free. This really affected the music industry and the lost of money.
With this article I found it predicts the revenues for the upcoming years and provides helpful information.
https://www.statista.com/statistics/259980/music-industry-revenue-in-the-us/
I found this graph to be very interesting because revenues in the music industry started strong and then dipped until 2014 where there was massive growth in revenue. It is crazy, but I am not that surprised that 18.9 million dollars were generated since music is a universally appreciated art. It seems that the increase in revenue was due to the ability to stream on various different platforms on the internet. Here is a graph of streaming revenues in the US —> https://www.statista.com/chart/17223/music-industry-revenue-streams/
Within this article, it shows the reader revenues from the late 90s to the present day. Such patterns like large falls and rises from 1999-2011 and 2011-2018. I find this interesting while also predictable since vinyl records failed as online streaming started to emerge. It’s interesting to look at these patterns and predict what may come next after online streaming if any.
Here’s another article that talks about music consumption: https://insights.midem.com/music-business/future-streaming-2/
This is a fascinating chart that shows global revenue of the music industry! In 1999 it was very high and slowly began to drop until it hit its lowest point in 2014 then began to rise again until now. I would say that possibly streaming has a lot to do with this rise in revenue. Hopefully this keeps on rising from here and we do not see another drop like we did in 2014.
Here is an article as to why the industry is beginning to rise again: https://qz.com/660141/yes-music-sales-are-growing-again-but-they-are-still-half-of-what-they-were-in-1999/
This graph is interesting because it illustrates music revenue worldwide as opposed to just in the US. This graph also makes it easy to correlate worldwide access to the internet and its relationship with music streaming. Because home internet was finally accessible to the average individual, music streaming was the medium of choice which contributed to the decline of physical disks and vinyl and thus overall revenue. What is particularly interesting is the increase in revenue caught on in 2015, where streaming is still king, but vinyl also sees an revival in popularity.
Attached are links to Time and Classicfm which broadly discuss possible attraction to vinyl LPs and their relationship to streaming.
https://time.com/3663568/vinyl-sales-increase/
https://www.classicfm.com/discover-music/millennials-are-going-nuts-for-vinyl-revival/
The graph in this article shows the global revenue made off of the music industry since its peak value kf5 $25.2 Billion in 1999. The graph shows a decline from 1999 to 2001 and really doesn’t start to pick up again until 2014, which is the lowest point so far since 1999. The most reasonable conclusion as to why revenue has such an overwhelming gap between the 90’s and today is due to the change in technology. In the 90’s sales of physical copies of music and recordings was pretty much the only way to acquire music. With the invention of streaming service and digital media those sales began to decline as more and more people just listened to their favorite hits online. Since the all time low revenue of $14.2 Billion in 2014 there has been a steady increase in revenue most likely due to streaming services being used more and more and artists coming up with new and innovative ways to market themselves and their music.
Here is one personal account of someone who worked on the industry during the decline of musics physical copies and his perspective on how spotify and other streaming services have not only revolutionized the market but propelled the revenue of the music industry back towards the competitive value it once was.
https://www.google.com/amp/s/amp.theguardian.com/music/2018/apr/24/weve-got-more-money-swirling-around-how-streaming-saved-the-music-industry
This chart shows the global revenue of the music industry from 1999 to 2018. Its really interesting to look at the trends and how they match up with different advances in technology, decline in popularity, and other events that effect the music industry. Here’s an article that talks about where Music Industry revenue comes from:
https://www.careersinmusic.com/music-industry-revenue
Honestly, I’m not sure what I was supposed to get from this source. I understand that the purpose of the graph is to illustrate global revenue of the music industry. However without context, I have no use for the information in this graph. Here is a similar, more detailed report that I think might be useful https://musicbiz.org/news/ifpi-global-music-report-2019-global-music-market-grows-for-fourth-consecutive-year/
In this article it had a chart that broke down the global recorded music revenue from 1999-2018. In 1999 revenue was at its highest with numbers dropping from year to year after 2001. Personally I believe that numbers were higher in past times compared to the significant drop off once you go to 2010 because back then a lot more hard copies of music were being sold compared to how a couple years back streaming music became the biggest platform and now the numbers are going back up. I found this article that talks about how streaming is helping the music industry recover. https://qz.com/1585798/streaming-has-helped-the-music-industry-recover-to-half-of-its-peak-size/
Revenue has gone up throughout the years and I was genuinely surprised by it. Streaming has both pros and cons, but hearing about companies like Spotify and pandora being so in debt I would’ve thought streaming would have had such an impact. Which has made me interested in finding more pros and cons on music streaming services. https://www.gigmit.com/en/for-bands-and-djs/guide/pros-and-cons-of-music-streaming/
The overall revenue of the music industry has both decreased and increased from time to time, resulting in a fluctuation of online streaming and downloads, as well as the revenue of vinyl record sales. The details on this chart came to the conclusion that physical copies of music will begin to suffer as time goes on, with the dominance of digital music and downloads taking over. However, the current direction of the revenue of the industry may not be very beneficial towards funds in the future, therefore I found an article describing the effects of the current trends on the music industry, and their impact on years to come.
https://www.forbes.com/sites/billrosenblatt/2019/03/02/the-warning-signs-among-the-music-industrys-revenue-growth/#6cd1c3957de3
This graph on music revenue shows a wide variation of the sales that went on from 1999 to 2018. Music revenue was at its highest peak in the 1999s. Music sales have dropped drastically in 2009. But in recent years the market is steadily rising. I found an article that provides more detail on this topic.
https://www.ifpi.org/news/IFPI-GLOBAL-MUSIC-REPORT-2019
This statistical data reveals that the revenue produced from vinyl record sales in 2015 were 416 million dollars and in 1997 it was 144 million dollars which surprises me. Obviously digital platforms are the most popular form of revenue but vinyl records are still very valuable in revenue sales. Why are vinyl record sales so popular in a time of easy accessibility to music with digital forms like Souncloud and Spotify? The link below expresses why vinyl records are so popular in a time like this.
https://www.insure4music.co.uk/blog/2019/04/12/why-vinyl-records-are-more-popular-than-ever-and-how-to-protect-them/
The industry data that i’m most interested in was the playlist listening habits of teenagers and millenials in Canada during 2018. It seems that majority of teenagers, 60 percent to be exact, prefer listening to playlists that they had made themselves. I can relate to this being an avid Spotify playlist curator myself. With that being said, i found a link to Spotify’s streaming data from 2018 that i think is very accurate to what the general population was listening to globally.
https://newsroom.spotify.com/2018-12-04/the-top-songs-artists-playlists-and-podcasts-of-2018/
This is a very interesting graph that shows how much money was made over the years. What is interesting to me is how the music industry peaked in 1999 and continued a downward trend until only a few short years ago. Then in about 2015 it has started an upward trend again. What is more interesting is the 2016 – 2021 estimations of how the digital downloads are in the negatives and the music streaming will be increasing by about 20% over the next 5 years. This just confirms how technology is affecting not just computers and such, but the music industry as well.
This article talks about how the growth of the music industry has started its climb again in 2015.
https://www.forbes.com/sites/hughmcintyre/2016/04/13/for-the-first-time-in-20-years-the-global-music-industry-gained-ground-in-2015/#1dcbe86b785c
The statistics shown from this graph are very interesting and informative. It gives you a brief overview of the amount of revenue the music industry receives yearly. The music industry has proved to be an industry that is incapable of not making money, despite the downward trend of revenue after 1999. The music industry started rising over the last 5 years, specifically within the last three. Here is article that goes into depth about the music industry revenue streams over the last 3 years.
https://www.riaa.com/wp-content/uploads/2019/02/RIAA-2018-Year-End-Music-Industry-Revenue-Report.pdf