Recorded Music Market 2019 A Thriving and Transforming Industry

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With five successive years of growth, the recorded music market has transitioned from a recovering industry into a thriving business. The stars are aligning, with growing consumer demand, business model innovation, a golden era for independent artists and surging interest from institutional investors. 2019 more than just picked up where 2018 left off; it was a year of accelerated growth and illustration of a market that, while dominated by streaming, has many other strings to its bow.
Companies and brands mentioned in this report: ADA, Believe, BMG, CD Baby, Concord, Downtown Music Holdings, Fuga, Kobalt, Level, Sony Music, Spotify, Tencent, The Orchard, Universal Music Group, Warner Music Group
Methodological notes:
- All revenue referenced in this report are USD with all conversions from currencies calculated taking the average exchange rate for each quarter the year. No constant currency are used in this report.
- Independent revenue measured on a distribution basis, an ownership basis. Therefore, independent that is distributed via a record label or a wholly major label distributor will appear the revenue of the respective record label