recorded music market

Recorded music market 2024: $36.2 billion, up 6.5%

Mark Mulligan

13 Mar 2025

MIDiA has just released its annual recorded music market shares report. Clients can access the full report and the accompanying massive (!) data set here . For the rest of you, here are some highlights from the report.

Cover image for Recorded music market 2024: $36.2 billion, up 6.5%

Cover image for Recorded music market shares 2024

Recorded music market shares 2024
Widening gaps

Mark Mulligan and Tatiana Cirisano

13 Mar 2025

Music revenue Streaming Spotify

After a buoyant 2023, recorded music revenue growth slowed again in 2024, the fourth year of alternating growth rates. It was a year of varied fortunes across both formats and labels, but perhaps most crucially of all, a growing divergence between label streaming growth and DSP growth.

Global recorded music revenues up 5.9% in H1 2025

Mark Mulligan

29 Sep 2025

Marketing Strategy Streaming Music

MIDiA is excited to announce our first ever mid-year recorded music model. Clients can access the data here , which is published as part of our H1 2025 music industry metrics report, containing more than 40 pages of market metrics, company financials, and consumer data.

Cover image for Global recorded music revenues up 5.9% in H1 2025

Global Recorded Music Revenues Reach $36.2 Billion in 2024 Amid Slower Growth

Tsion Tadesse

13 Mar 2025

Streaming Music Subscriptions

Non-major labels gain share for third consecutive year, as streaming revenue growth decelerates [London — Thursday, 13 March 2025] — Global recorded music revenues rose to $36.2 billion in 2024, marking a 6.

Cover image for Global Recorded Music Revenues Reach $36.2 Billion in 2024 Amid Slower Growth

Cover image for Recorded music market 2023

Recorded music market 2023
Back to life

Mark Mulligan

18 Mar 2024

Business Strategy

After a slower 2022, the global recorded music market returned to strong growth in 2023. It was, however, also the first year that the artists direct segment lost market share, with changes to the streaming ecosystem already beginning to take effect. This report presents recorded music market revenues by format as well as market shares for key labe...

Music subscriber market shares 2024: Slowdown? What slowdown?

Mark Mulligan

27 Mar 2025

Business Strategy Spotify YouTube

Record label streaming revenue growth slowed to 6% in 2024 but there was no such slowdown in subscriber growth. In our just published ‘ Music subscriber market shares Q4 2024 ’ report, we reveal that the 85 million net* new subscribers added in 2024 was only two million less than in 2023, result...

Cover image for Music subscriber market shares 2024: Slowdown? What slowdown?

Q2 2024 music market metrics: bifurcation is here

Mark Mulligan

19 Sep 2024

Music streaming Streaming Bifurcation

There are so many music industry metrics and financial results flying around these days that it can be difficult to keep up with them all. Don’t worry, we’ve got you. MIDiA has just published the first edition of a brand-new report series: quarterly music metrics.

Cover image for Q2 2024 music market metrics: bifurcation is here

Global Music Subscription Market Sees Growth, Led by Emerging Markets

Tsion Tadesse

8 Feb 2024

Music

[London - 8th February, 2024] - MIDiA Research, a leading research and insights firm, has unveiled its highly anticipated Music Subscriber Market Shares Q3 2023 report. This comprehensive analysis showcases the remarkable expansion of the global music subscription market, driven primarily by emergin...

Cover image for Global Music Subscription Market Sees Growth, Led by Emerging Markets

Streaming strongholds
High-potential markets for global music players

Perry Gresham

11 Aug 2025

ARPU Labels Streaming

While the balance of music streamers continues to tip towards global south markets, their smaller ARPU rates limit their revenues. Meanwhile, periodic price-rises and the advent of supremium will reinforce the contributions from the West. This report highlights streaming strongholds, those markets which, underscored by high music engagement and his...

Cover image for Music catalogue market 2.0

Music catalogue market 2.0
Bringing yesterday’s hits into the business of tomorrow

Tatiana Cirisano and Olivia Jones

6 May 2025

BMG Round Hill Music T-pain

The music catalogue acquisition market bounced back from a slightly cooled 2023 with a new fever in 2024. What is being bought is changing, however, as investors look to diversify their portfolios and uncover new growth pockets in an increasingly crowded market.

Global recorded music revenues grew by 9.8% in 2023

Mark Mulligan

18 Mar 2024

recorded music 2023 recorded music revenues music revenues

Growth is back! After a slower 2022, global recorded music revenues grew by 9.8% in 2023 to reach $35.1 billion, compared to 7.1% in 2022, which means that the market is now more than double (124.5%) the size it was in 2015.

Cover image for Global recorded music revenues grew by 9.8% in 2023

Brazil music market
Ready for prime time

Tatiana Cirisano and Leo Morel

19 Sep 2024

Business Strategy

Brazil’s large, youthful population has fully embraced streaming. It is now the country’s top consumption format and the source of 82% of its recorded music revenue. This is helping Brazilians’ strong connection to music reach across borders, with the Brazilian funk genre and artists like Anitta becoming global sensations.

Brazil climbs the global top 10: a new era for the music market

Leo Morel

3 Oct 2024

brazil music market LATAM Music streaming

In recent years, Brazil’s music market has transformed, echoing the nation’s broader economic and cultural dynamics. After facing a severe economic crisis that began in 2017, Brazil is now experiencing a resurgence which has propelled it to the ninth largest global economy, according to the Inte...

Cover image for Brazil climbs the global top 10: a new era for the music market

Cover image for MIDiA Research 2025-2032 global music publishing forecasts

MIDiA Research 2025-2032 global music publishing forecasts
A changing market

Mark Mulligan

18 Aug 2025

Music creators Music creators Music publishing

Throughout the 2020s the music publishing market has outperformed that of the labels, though total revenues remain significantly smaller. The origins of this disparity lie in streaming royalty splits but publishers and CMOs have fought hard to increase their share and to start from a better position with the emerging formats that will shape tomorro...

What will audiobook market growth look like?

Laura Fisher

24 Apr 2025

Spotify Audio Discovery

Key takeaways from this blog: Audiobooks are evolving into something far more than just a listening experience With its integration into the wellness sphere and innovations in immersive audio, the medium is carving out new paths MIDiA examines the evolution of audiobooks and the possibilities ahead ...

Cover image for What will audiobook market growth look like?

Cover image for Music subscriber market shares Q4 2024

Music subscriber market shares Q4 2024
Full stream ahead

Mark Mulligan, Tatiana Cirisano, Mark Qi, Olivia Jones and Laura Fisher

27 Mar 2025

music subscriber market shares Business Strategy

Streaming market metrics are bifurcating. Label streaming revenues were up in 2024, indicating a much anticipated slow down in revenue growth. Yet, at the same time, music subscriber growth was nearly double that of label streaming revenues for 2024. As is so often the case, there are many factors at play.

Music subscriber market shares 2023: New momentum

Mark Mulligan

8 Feb 2024

music subscriber market shares Streaming market share Market share

With UMG leading the charge to reshape the music industry into a more label-friendly form, 2023 may, with hindsight, go down as the year before everything changed . Whatever lies ahead though, new models will take time to deliver benefits.

Cover image for Music subscriber market shares 2023: New momentum

The ghost of the 2000s lingers over the catalogue acquisition market

Kriss Thakrar

23 Jun 2025

Product Strategy investment music catalogue

Sign up here for MIDiA’s Masterclass webinar on catalogue investment, this Thursday June 26, 2025, with Kriss Thakrar and Tatiana Cirisano. In the second quarter of 2025, a range of catalogue acquisition deals have broken the typical mould: Sony acquired Hipgnosis Songs Group from Recognition Musi...

Cover image for The ghost of the 2000s lingers over the catalogue acquisition market

Recorded music market 2022 | Reality bites

Mark Mulligan

16 Mar 2023

Recorded music market streaming music revenues 2022 music revenues

Following a spectacular year of growth in 2021, global recorded music revenue growth slowed significantly in 2022 due to the combined impact of global economic headwinds and growth slowdown in mature streaming markets.

Cover image for Recorded music market 2022 | Reality bites

Chaos and uncertainty: Tariffs’ impact on gamers and the games market

Rhys Elliott

10 Apr 2025

Business Strategy Subscriptions Games

Tariff turmoil related to the US’ trade war is intensifying. Other countries have retaliated, and while Trump has eased tariffs in some countries, the situation is far from being resolved. The tariffs have major implications for the games market in the US.

Cover image for Chaos and uncertainty: Tariffs’ impact on gamers and the games market