IFPI Publishes Annual ‘Recording Industry In Numbers’

recording industry in numbers1IFPI has published its annual Recording Industry In Numbers, which provides comprehensive data for 50 territories.

Among the highlights included are:

• Global digital revenues in 2013 totaled 5.9 billion, with subscription streams revenue tripling to $1.1 billion in the last three years.

• Six of the top 10 markets saw growth in 2013, while in eight of the top 20 music markets digital is now the dominant source of revenue.

• Latin America is the region showing the fastest digital growth in recent years, with revenues up 124 percent from 2010 to 2013.

• Overall global recorded music trade revenues declined by 3.9 per cent in 2013. This was heavily influenced by the 16.7 per cent decline in Japan, a market at the start of its digital transition. Excluding Japan, global revenues were essentially flat, declining by 0.1 per cent. Europe saw growth for the first time in 12 years and the market also increased in value in North America and Latin America.

• The US remains at the head of the top 20 markets table and saw consolidation in 2013; the top six markets in Europe – France, Germany, Italy, Netherlands, Sweden and the UK – all saw growth. There was strong digital growth in many emerging markets including Argentina (+68.5%), Peru (+148.5%), South Africa (+106.8%) and Venezuela (+84.9%).

• Revenue from digital channels increased by 4.3 per cent in 2013 and now accounts for 39 per cent of overall industry trade revenues. Downloads remain the biggest source of digital revenues, accounting for 67 per cent of the digital market in 2013.

• Revenues from subscription services surged by 51.3 per cent in 2013, passing the US$1 billion mark for the first time. Global revenues from subscription and advertising-supported streams now account for 27 per cent of digital revenues, up from 14 per cent in 2011. It is estimated that more than 28 million people worldwide now pay for a music subscription, up from 20 million in 2012 and just eight million in 2010. Music subscription, which has helped transform Sweden and Norway in recent years, is now having a similar positive impact in Denmark and Netherlands.

• Global performance rights revenue crossed the US$1 billion threshold in 2013. This income from broadcasts and public performance increased by 19.0 per cent in 2013 to hit US$1.1 billion, now accounting for 7 per cent of total record industry revenue.

Frances Moore, chief executive of IFPI, says: “IFPI’s Recording Industry in Numbers once again provides an unrivaled analysis of the global recorded music industry, examining the latest international trends and providing detailed figures from 50 territories worldwide. The broad picture that emerges is of an extremely diverse industry. Most of our major markets have stabilized, digital continues to grow, revenue streams have diversified and we are starting to deliver on the huge potential in emerging markets.”

IFPI’s Recording Industry in Numbers is available free to IFPI members and can be purchased by non-members.

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Jessica Nicholson serves as the Managing Editor for MusicRow magazine. Her previous music journalism experience includes work with Country Weekly magazine and Contemporary Christian Music (CCM) magazine. She holds a BBA degree in Music Business and Marketing from Belmont University. She welcomes your feedback at [email protected]

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