This report presents the key figures, trends and drivers of MIDiA’s music forecast model. The figures presented in this report are both retail and label trade values and are in billions of US dollars unless otherwise stated. An Excel file posted alongside this report provides complete country level data, including DSP market shares and a detailed methodology statement.

Key definitions

• Retail values:            revenues generated, including retailer margin            music publishing related collections. For            supported, revenues are gross values            refer to total revenue generated            ad sales, including retailer margin,            fees etc.
• Trade values:            to revenue earned for master            which predominately means record labels            also includes other non-label entities            as artists direct i.e. self-released           

MIDiA’s label trade figures differ from the IFPI’s figures, due to MIDiA capturing additional independent artist and independent label revenue that the IFPI does not, as well as the master recording side of music production libraries.

A detailed methodology description is included in the Excel file published with this report. Additionally, a number of methodology slides are included towards the end of this report.