Mar 30, 2023 · Last year, digital music accounted for the lion's share of worldwide music revenues, with streaming services alone accounting for 67 percent of the industry’s total haul. According to IFPI, 589 million people were using a paid music streaming subscription by the end of 2022 and streaming revenues are now considerably bigger than digital ...

May 27, 2020 · The second, recorded music, combines revenue from streaming, digital downloads, physical sales and synchronization revenues (licensing of music for movies, games, TV and advertising). Recorded music today is close to the industry’s pre-piracy peak, a testament to the growing adoption of streaming services by both music labels and consumers.

Apr 20, 2022 · Yet the music industry is anything but ‘as it was’, with streaming, rather than CDs or vinyl records, behind recent record growth. Global music revenues rose almost 20% last year, driven by a surge in streaming which accounted for 65% of the industry's revenues, according to the annual report of IFPI, the organization that represents the ...

Jul 24, 2020 · In the music industry, for example, scores of top Black artists have signed with Sony Music and Warner, but there is only one Black member on Sony Music’s 12-member board and zero on Warner Music’s. For an industry that has profited from Black artists who have dominated music charts in rock, jazz, hip-hop and pop, structural change could ...

Feb 9, 2023 · This internet-heavy metric is being reflected on the business side as well, with 75% of the music industry’s revenues in the U.S. coming from streaming. However, for artists, streaming revenue is usually the third-biggest earner after live performances and sales.

Generative AI and the music industry Legendary producer Nile Rodgers was at Davos to receive the Crystal Award for his contribution to music, his commitment to fighting systemic racism, inequality and injustice, and for championing young voices.

Oct 7, 2016 · Before the Walkman, the only way to listen to music on the go was by using a portable radio. The idea that you could pick your own tunes and listen to them everywhere would transform the music industry. “Mobility – the concept that you could take music with you – was huge,” Americus Reed of Wharton told AdWeek.

Oct 29, 2020 · The world of art needs more social enterprise, and the world of social enterprise needs more art. Ever since the World Economic Forum’s Cultural Leaders network and the Schwab Foundation for Social Entrepreneurship launched the Centred-Self collaboration earlier this year, it struck us that both fields have only just scratched the surface of how interacting with one other could lead world ...

Feb 14, 2020 · Progress on the film world’s gender bias is slowly being made as women claim more leading roles. But a new report says there is still a long way to go to achieve equality in the industry.

Aug 18, 2023 · And this is something that we are seeing a lot in the creative industries, in the art industry and the music industry. Cartoonists' styles are being replicated by art-generating AI. Musicians’ styles are being replicated by music-generating AI.