The recorded music industry was worth $19.1 billion in 2018, which was almost a double-digit gain (9.7%) from the year prior, when the global business only rose by 7.4%. The Five Most Powerful People in the Music Industry Don’t Work in the Music Industry ... based executive oversees a company worth more than $400 billion, in which he owns a … Because of this, music artists build immense amount of money and dominate the entertainment industry. $31 billion is how much the live music industry is projected to be worth by 2022, representing a compound annual growth rate (CAGR) of 3.3%, according to a newly published research paper from Pricewaterhouse Coopers (PwC). After all, music is a cash heavy industry and it is pretty rich. In a recent study by Pricewaterhouse Coopers (PwC), it was reported that the live music industry is expected to project a significant growth in the next few years. Global growth by region. Live music, included in the CISAC study, is one circle out from the core. Industry Data. Global live music revenues are $25 billion, according to IBISworld. Concert & Event Promotion in the US industry outlook (2020-2025) poll Average industry growth 2020-2025: x.x lock Purchase this report or a membership to unlock the average company profit margin for this industry. The richest musicians in the world are the masters of their domain and some of their albums have spawned songs that were later tagged as some of the world’s favorites. Engagement with streaming drives growth of the global music market . Ariana Grande. According to a new industry report, global recorded music revenues jumped 9.7 percent in 2018 to reach $19.1 billion — up […] Streaming accounted for nearly half of music … Click on the map for the growth figures in each region. The report that Aussie live music generated $830.9 million in 2012 is in direct conflict with the LPA’s own report from 2012 showing a sharp drop in live music attendance and revenue where it generated just over $482.1 million while the live performance sector was reportedly worth approximately $1.2 billion, nearly half the current $2.55 billion figure. Those dwindling sales mean that many artists have come to rely on the revenues they make through their live performances for the mainstay of their income. See Special offers and cheap prices in after Christmas. Get Big deals and Best Prices now. The live music business is a significant multinational industry, employing hundreds of thousands of people worldwide and estimated to be worth more than €25 billion annually (source: IFPI). Global live music industry to be worth $31 bn by 2022 The demand for live music has been on the rise and the growing number of music festivals are here to capitalise on this demand.

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