IFPI publishes Recording Industry in Numbers - an essential guide to the global music market

20th April 2015

RIN2015 Cover

IFPI today publishes 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."

To find out more about the report, including full contents list, list of key tables, sample data and how to purchase a copy please go to rin.ifpi.org

IFPI members can claim their free PDF of the report by sending an email and their membership number to ritco@ifpi.org

For further information contact:

Adrian Strain or Alex Jacob

Email: Adrian.Strain@ifpi.org and Alex.Jacob@ifpi.org

Tel. +44 (0)20 7878 7939 / 7940

Headline data from Recording Industry in Numbers 2015:

  • Overall global recorded music trade revenues declined by 0.4 per cent in 2014. This was influenced by the 5.5 per cent decline in Japan, the world’s second largest recorded music market which is at the start of its digital transition. Excluding Japan, global revenues increased by 0.7 per cent.

  • The US remains at the head of the top 20 markets table and increased in value by 2.1 per cent in 2014; the third largest market, Germany, increased in value by 1.9 per cent. There was strong digital growth in many emerging markets including Argentina (+67.7%), Colombia (+94.9%), Indonesia (+129.0%), Peru (+96.5%), South Africa (+61.5%) and Venezuela (+272.8%).

  • Revenue from digital channels increased by 6.9 per cent in 2014 and now accounts for 46 per cent of overall industry trade revenues, on a par with physical sales for the first time. Downloads remain the biggest source of digital revenues, accounting for 52 per cent of the digital market in 2014, but declined in value by 8.0 per cent.

  • Revenues from subscription services increased by 39.0 per cent in 2014 to US$1.6 billion. Global revenues from subscription and advertising-supported streams now account for 32 per cent of digital revenues, up from 14 per cent in 2011. Streaming revenues have now overtaken download sales in no fewer than 37 markers. It is estimated that more than 41 million people worldwide now pay for a music subscription, up from just eight million in 2010.

  • Revenues from physical format sales declined by 8.1 per cent in 2014 to US$6.8 billion. There is a marked variation by country, with physical format sales taking a robust share of the overall market in Austria (65%), France (57%), Germany (70%), Japan (78%), Poland (71%) and South Africa (62%). Vinyl remains a niche product, accounting for 2 per cent of global revenues, but the format continues to revive with sales increasing 54.7 per cent in 2014.

  • Global performance rights revenue increased by 8.3 per cent in 2014. This income from broadcasts and public performance was worth US$948 million, now accounting for 6 per cent of total record industry revenue. Synchronisation revenues increased by 8.4 per cent to US$347 million, now worth 2 per cent of the global market.

  • The IFPI Global Recording Artist Chart was topped by Taylor Swift. 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 iTunes and physical sales across 2014. The Top 50 Global Albums Chart was topped by the soundtrack to the motion picture Frozen, while the Top 10 Global Singles Chart was topped by Pharrell Williams with Happy.