IFPI Report: comment
21 March 2024 - Press releaseSilvia Montello, CEO of the Association of Independent Music (AIM) commented: "It’s encouraging to see revenues up for yet another year, particularly across physical formats and subscription streaming. We know that the independent music community has been a real driver behind this growth, with MIDiA reporting that independent music had increased its market share once again. But to ensure continued growth and a healthy music landscape for the future, it’s vital that the value of emerging artists and independent music as a whole is recognised, making sure they have a seat at the table in conversations about streaming reform and the development of AI, to provide opportunities for all."
-----------
Drew Hill, Deputy CEO at Utopia Music: “Physical music continues to uphold its reputation as the global market’s most tenacious format, with revenue growth of 13.4% – almost 10% above last year’s 3.8% increase. Although it’s difficult to imagine a world where streaming doesn’t take the largest slice of the pie, new strength in UK independent record retailers and investment in D2C to service music’s superfans is proof positive that tomorrow’s business will rely on a diversity of formats to thrive.”
-----------
Drew Hill, Deputy CEO at Utopia Music: “Physical music continues to uphold its reputation as the global market’s most tenacious format, with revenue growth of 13.4% – almost 10% above last year’s 3.8% increase. Although it’s difficult to imagine a world where streaming doesn’t take the largest slice of the pie, new strength in UK independent record retailers and investment in D2C to service music’s superfans is proof positive that tomorrow’s business will rely on a diversity of formats to thrive.”
Submit news or a press release
Want to add your news or press release? Email Paul or Kevin
Two week FREE trial