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Introduction

Promoting its latest Global Music Report, the IFPI has once again expressed concerns that music is being consumed at record levels, but artists and record labels are still not receiving fair remuneration.

Highlights

  • The IFPI has reported the first significant increase in global recorded music trade revenue for almost 20 years. It said that combined income from physical and digital formats, access services, performance rights, and synchronization grew 3.2% in 2015, to just under $15bn.
  • Last year also marked the first time digital became the primary revenue source for recorded music. Moreover, subscription service streams became the biggest digital income source, overtaking the 2014 leader, single-track downloads.

Features and Benefits

  • Details the global trade figures published by the IFPI.
  • Predicts growth areas and where record company revenue is set to come from in the future.

Key questions answered

  • What was the biggest revenue source for record companies in 2015?
  • What share of total recorded music trade earnings came from paid subscriptions in 2015?

Table of contents

Ovum view

  • Summary
  • Streaming gains return global recorded music sales to growth
  • Explaining the changes in reporting methodology
  • Digital dominance despite the value gap
  • Minding the value gap

Appendix

  • Author

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