It's OK to dance now that the IFPI Global Music Report 2019 is out (via Engadget). The report from the International Federation of the Phonographic Industry indicates that an increase of 32.9% in paid streaming broadcast revenue has contributed to a similar increase in the total revenues of the streaming broadcast. last year. Streaming now accounts for 46.9% of the music industry. Overall, the global music market saw its revenue increase by 9.7% to $ 19.1 billion and streaming music revenue reached $ 8.9 billion. , compared with $ 6.7 billion in 2017. Streaming was obviously very important to the music industry in 2018. true since last year, music downloads and sales of physical music fell by 21.2% and 10.1% respectively.
By the end of 2018, 255 million people worldwide were paying for streaming music each month. The world's leading provider was Spotify, with 87 million paying subscribers. Apple Music came second. In the United States, revenue from streaming music grew by 33.4% last year, while sales of physical music (CDs, CDs) decreased by 22.1%. In the United States, the fastest growth was recorded in the paid streaming segment.
255 million people were paying for music streaming around the world. at the end of last year
"Streaming revenues, especially paid subscriptions, continued to grow in 2018, with all regions recording growth in this area. Growth trends have been more diverse in different markets. " – IFPI
Spotify and Apple, the world's two leading music broadcasters, oppose the 30% that Apple charges to Spotify subscribers who pay monthly through the App Store. As we announced last month, Spotify has filed a complaint with the European Commission about this "Apple tax". That's why individual subscriptions to Spotify cost $ 12.99 on the App Store, instead of the usual $ 9.99 price. With Apple Music available in the iOS app store for just $ 9.99 a month, Spotify claims that Apple gives a major advantage to its own music streaming app.
Every year, music streamers become more important to the industry
