Recording Industry in Numbers 2014

1. 4. 2014

IFPI publishes Recording Industry in Numbers - an essential guide to global markets

1. 4. 2014

RIN2014 Cover

IFPI today publishes its annual Recording Industry in Numbers, providing comprehensive data for 50 territories and in-depth analysis of industry and consumer trends across the global music sector.

The Recording Industry in Numbers (RIN) is the essential guide to the global music business, containing a wealth of definitive data exclusively compiled by IFPI.  Key highlights of the 2013 edition include:

  • Revenue streams. Detailed analysis of the industry's diverse and evolving revenue streams, such as streaming and subscription services complementing existing formats. Global digital revenues in 2013 totalled US$5.9 billion, with subscription streams revenue more than tripling to US$1.1 billion in the last three years.

  • Market trends. Comprehensive data on global, regional and national music market trends, focusing both on 2013 and recent years.  Six of the top ten markets saw growth in 2013, while in eight of the top 20 music markets digital is now the dominant source of revenue.

  • Emerging markets. Review of key trends in emerging markets, where digital revenues are growing fast alongside the spread of licensed services and the move to mobile.  Latin America is the region with the fastest digital growth in recent years, with revenues up 124% between 2010 and 2013. There are strong growth projections in Africa, analysed in the RIN for the first time.

  • Consumer research. New third party research showing changing consumer behaviour, with data and analysis on how internet users are accessing music from both licensed and unlicensed sources. The RIN features exclusive data from Ipsos MediaCT.

  • China. An in-depth case study on the prospects for the development of a licensed business in China - a market of huge untapped potential long stunted by piracy, where the landscape is changing.

  • Global charts. IFPI compiled three definitive global charts including the Top 50 Global Albums Chart and the Top 10 Global Singles Chart of 2013. In 2014 the charts are changing:  Top 10 Global Singles Chart now incorporates streaming and for the first time the new Global Recording Artist Chart, topped by One Direction, honours the most popular artists across physical formats, downloads and streaming.

  • Innovations in digital services. Analysis of the latest developments among the world's 450+ digital services, focusing in particular on the major international services. This year's edition includes commentary from global consultancy Deloitte and leading digital service Spotify.

  • Multiple platforms and new frontiers.  Analysis of the key developments as music goes multi-device and multi-platform, and a look at what's ahead as music players integrate into the cars and homes of the future.

Frances Moore, chief executive of IFPI, says:  "IFPI's Recording Industry in Numbers once again provides an unrivalled 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 stabilised, digital continues to grow, revenue streams have diversified and we are starting to deliver on the huge potential in emerging markets. Against this, there were sharply declining revenues in Japan, a market which accounts for one-fifth of global revenues and is right at the start of its digital transition.  Yet the difficulties in one market, however large, should not divert us from a broader story of digital opportunity."

IFPI's Recording Industry in Numbers is available free to IFPI members and can be purchased by non-members here: http://rin.ifpi.org/.

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Headline data from Recording Industry in Numbers 2014:

  • 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.

  • The IFPI Global Recording Artist Chart was topped by One Direction.  The chart captured the popularity of artists across multiple licensed channels, including streams on access services such as YouTube and Spotify as well as ownership services such as download stores and physical sales across 2013.  One Direction also topped the Top 50 Global Albums Chart with Midnight Memories, while the Top 10 Global Singles Chart was topped by Robin Thicke featuring T.I and Pharrell Williams with Blurred Lines.