2021 Archives

The US Latin music market grew 35% in 2021

14/04/2022

The US Latin music market grew 35% in 2021 continuing a 6-year trend of double-digit growth according to the RIAA, the American recorded music industry association. Although $886 million marks an all time high, 2021 revenues adjusted for inflation remain 15% below the value of Latin’s strongest year in 2005. Latin’s share of US music revenues grew to 5.9% up from 5.4% in 2020. Revenues from streaming formats grew by 36% to an all-time high […]

US online audio listening grew in 2021

02/04/2022

US online audio listening grew in 2021 reaching 209 million people according to the Infinite Dial 2022. The Infinite Dial is produced by Edison Research sponsored by Wondery and ART19 and is America’s longest-running survey of digital media consumer behaviour in the US, published annually since 1998. It provides survey data on a number of important media channels, including streaming audio, podcasting, and social media from a representative sample of the US population aged 12 and over. Online audio consumption […]

UK recorded music revenues up 12.8% in 2021

21/03/2022

UK recorded music revenues up 12.8% in 2021 reaching £1.262 Bn according to a recent report by the BPI. This marked the sector’s seventh consecutive year of revenue growth, led by streaming. However, when adjusted for inflation, revenue in 2021 was £368 million below the 2006 CPI-adjusted figure of £1.63 Bn, while using RPI the 2006 figure would have been £1.795 Bn – £534 million higher than the 2021 total. Revenue from streaming again fuelled much of […]

SOURCE: RIAA - US music industry streaming revenues

US music revenues grew 23% in 2021

10/03/2022

US music revenues grew 23% in 2021 to $15 Bn making it the sixth consecutive year of growth for the industry according to figures released by the RIAA. All major formats of music grew versus the prior year with the exception of digital downloads. Paid subscriptions continued to be the biggest growth driver. At wholesale value 2021 revenues were up 22% to $9.8 Bn. On a nominal basis, these revenue levels exceed the record high […]

Nearly four fifths of music in Germany will soon be digital

04/03/2022

Nearly four fifths of music in Germany will soon be digital according to the BVMI, Germany’s recorded music industry association. Record sales and revenues from streaming generated a total of €1.96 Bn, compared to 2020 that is an increase of 10%. By far the largest part was generated digitally, 76.4% of the income comes from online music. Audio streaming, which has been growing dynamically for years, again increased by 18.6%. The growth curve is slightly less than […]

Adele’s 30 tops all IFPI’s Global album charts

01/03/2022

Adele’s 30 tops all IFPI’s Global album charts which include the Global Album All Format Chart, the Global Album Sales Chart and the Global Vinyl Album Chart. The Global Album All Format Chart takes into account all consumption formats, spanning physical sales, digital downloads, and streaming platforms across the year. It is weighted based on the relative value of each method of consumption. The Global Album Sales Chart combines global sales of physical albums and digital album downloads and […]

The Weeknd wins IFPI Global Digital Single Award for second year running

28/02/2022

The Weeknd wins IFPI Global Digital Single Award for second year running according to IFPI’s recently published Top 10 Global Digital Singles of 2021 chart. The IFPI Global Digital Single Award is presented to the world’s best-selling single of the year across all digital formats – including paid subscription streaming, ad-supported platforms, and single-track downloads and streams. The Weeknd becomes the first ever artist ever to win the digital single award two years in a […]