IFPI PUBLISHES RECORDING INDUSTRY IN NUMBERS

21 April 2015 - Press release

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

The Recording Industry in Numbers (RIN) is the essential guide to the global music business, containing a wealth of definitive data compiled by IFPI.  Key highlights of the 2015 edition include:

·         Revenue streams.  Detailed analysis of the industry’s diverse and evolving revenue streams, as income from digital matches that from physical sales for the first time. Streaming has overtaken download revenue in no fewer than 37 markets with subscription revenue now worth 23 per cent of the total digital market.  

·         Market trends.  Comprehensive data on global, regional and national music market trends, focusing both on 2014 and past years. The overall market in 2014 was essentially flat, with revenues declining by 0.4 per cent to US$14.97 billion, while global digital revenues increased by 6.9 per cent to US$6.85 billion.

·         National and regional markets.  Review of market performance in national and regional markets, where digital revenues are growing fast on the spread of licensed services and consumers’ move to mobile.  Latin America is the region with the fastest digital growth in recent years, with revenues up 7.3 per cent in 2014.

·         Consumer research.  The RIN features exclusive data from Ipsos across 13 of the leading music markets showing changing consumer behaviour in accessing music. Analysis of the shift from ownership to access to music, increasing consumption on mobile devices, and comparative consumption from licensed and unlicensed sources.

·         Global charts.  IFPI compiled three definitive global charts of 2014: the top 50 global albums chart; the top 20 global digital singles chart; and its Global Recording Artist Chart, topped by Taylor Swift in 2014, which honours the most popular artists across physical formats, downloads and streaming.

·         Innovations in digital services.  Analysis of the latest developments among the world’s key digital services 

·         Mobile music.  Analysis of the key developments in technology that are enabling consumers to access music in increasingly varied ways such as the growth of smartphones and music apps.

Frances Moore, chief executive of IFPI, says:  “IFPI’s Recording Industry in Numbers is the most comprehensive overview of the global recorded music market available.  Within its pages is analysis of global trends in the business and in-depth statistics covering almost 50 markets worldwide.  The broad picture that emerges is of an industry that has transformed itself for the digital age, adapting its business models and licensing hundreds of services and millions of tracks for use online.”