Physical revenue declined by 10.1%, now accounting for around a quarter of the overall market. Consumption of physical formats declined in the majority of markets, but a small number of markets posted growth (India, Japan, South Korea) and physical revenues constitute a significant percentage of the market in some countries such as Germany, Poland and Japan. Globally, revenues from vinyl grew by 6.0% and made up 3.6% of the total recorded music market in 2018.
Performance rights revenue - revenue from the use of recorded music by broadcasters and public venues - increased 9.8% to US$2.7 billion, accounting for 14% of total industry revenue overall.
Synchronisation revenue increased 5.2% in 2018, accounting for a 2.3% share of the total market.
A dominant feature of the return to growth in recent years has been the expanded levels of investment record companies are making in their offerings to artists, in their people and in their global presence. Record companies are investing more than one-third of their global revenues, or US$5.8 billion, in Artists & Repertoire (or A&R) and marketing each year, to break, develop and support artists.