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🎶 In a record-setting year for the music industry, sales of recorded music in the U.S. soared to $17.1 billion in 2023. Streaming led the charge with 84%, while vinyl saw double-digit growth. Discover more about the music boom and the changing landscape from the latest RIAA report. https://lnkd.in/eR_AMCeF #MusicIndustry

As technology reshapes the landscape, the music sector is experiencing unprecedented growth. Curious about investing in the global music industry? From streaming services to live performances, the opportunities are vast. Dive into the trends & factors driving the industry's potential. Whether you're an investor or just a music enthusiast, learn how to navigate this dynamic market. https://bit.ly/3xOyMGy #Investment #MusicIndustry #Technology #WealthManagement

IFPI’s Global Music Report 2024 provides the official data on recorded music revenues worldwide as well as insight and analysis on industry trends and developments. Global recorded music revenues increased by 10.2% in 2023, driven largely by growth in paid streaming subscribers. Revenues in Asia rose by 14.9% in 2023, driven by strong gains in physical and digital revenues, and continuing a multi-year upward trajectory. Download the free Global Music Report 2024 - State of the Industry report here: https://lnkd.in/d-7dugs3 #MusicInsights

2023 was a record-setting year for the music industry.   According to a new report from the Recording Industry Association of America® (RIAA), recorded music revenue in the U.S. reached a record high of $17.1 billion in 2023. And globally, the value of recorded music jumped 10 percent to $28.6 billion.    Streaming, as you might suspect, continues to be the dominant driver of this growth. But licensing deals – including for fitness apps, gaming, social networks, and ads – are adding more and more value. Plus, physical sales continue to mount a comeback with a double-digit growth in vinyl record sales.    All in all, it’s an exciting time for our industry. Yet, there are also challenges we must address to ensure this growth continues. In particular, we must be proactive about how we address the rise of Generative AI and the impact it will have on artists.    The music industry is well-positioned to set new records in 2024 – as long as we continue to empower and support human creators everywhere. Read more: https://lnkd.in/exKitKnF 

🎶 In a record-setting year for the music industry, sales of recorded music in the U.S. soared to $17.1 billion in 2023. Streaming led the charge with 84%, while vinyl saw double-digit growth. Discover more about the music boom and the changing landscape from the latest RIAA report. https://lnkd.in/e_pcpPKw #MusicIndustry

We’re back with another Understanding the Music Industry post! This week is all about #music distribution – what it is, how it works and some important factors artists should consider when choosing a music distribution service. Let’s gooo... Music distribution is the process of getting recorded music out to the public. Traditionally, distribution companies sign deals w/record labels, giving them the right to sell that label's products and earn a cut of income from each unit sold in return. Distribution companies used to be the main links b/w record labels and retail outlets like Walmart, Best Buy & record stores, but now artists have more options to distribute their music independently. So, how do you pick the right distro? Consider these 5 factors ⏬ 1/ Distribution range. One major thing to consider is which platforms the distribution service covers. You’ll want to look for services that distribute to major platforms like Spotify, Apple Music, Amazon Music, AND social media platforms to maximize your reach. 2/ Pricing. Not all distribution services charge in the same way. Some services charge upfront yearly fees and others charge per release, while others take a percentage of your earnings. So, make sure the pricing aligns with your release strategy & budget. 3/ Features. Check out the features offered by each distribution service. Some provide added-value services like marketing tools, analytics, YouTube Content ID, playlist pitching, etc. Take some time to analyze which added features & benefits are best for you. 4/ User Experience. One factor that sometimes gets overlooked is the useability of the distribution platform, but it can make all the difference in the world. A user-friendly interface can streamline the process of uploading and managing your music, saving you time and hassle. 5/ Customer support. Tech is tricky and sometimes you’ll run into issues when distributing your music. A distribution service that offers reliable customer support to help you troubleshoot issues and navigate any challenges is worth its weight in gold. Ultimately, the right music distribution service can make all the difference in reaching your audience and growing your career as a musician. So, take your time to research & consider your options – NEWM Studio is a great place to start! 👀 buff.ly/3RmupGh 💬💙🔃

🎶 In a record-setting year for the music industry, sales of recorded music in the U.S. soared to $17.1 billion in 2023. Streaming led the charge with 84%, while vinyl saw double-digit growth. Discover more about the music boom and the changing landscape from the latest RIAA report. https://lnkd.in/ghEaTMYY #MusicIndustry

As we become more digitized and AI becomes more integrated into our economic, political, and social lives, entertainment-focused industries will likely see explosive growth. Digitization led to the rise of digital distribution platforms like Steam, PlayStation Network, and Xbox Live. These platforms offer several advantages over physical copies: 📉 Lower costs for companies: No manufacturing or physical distribution costs. 💻 Easier access for consumers: Downloading eliminates travel and waiting for physical copies. 💵 Microtransactions and DLC (Downloadable Content): Games can offer additional content and in-game purchases that generate ongoing revenue. "The United States Gaming Market size is estimated at USD 57.91 billion in 2024, and is expected to reach USD 90.79 billion by 2029, growing at a CAGR of 9.41% during the forecast period (2024-2029)". And that's just in the US, not even globally". As far as thematic investing goes, this is a really interesting trend to continue monitoring.

🎶 In a record-setting year for the music industry, sales of recorded music in the U.S. soared to $17.1 billion in 2023. Streaming led the charge with 84%, while vinyl saw double-digit growth. Discover more about the music boom and the changing landscape from the latest RIAA report. https://lnkd.in/em7AmxFU #MusicIndustry

The music ecosystem is evolving, and the first half of 2024 showcased some exciting trends! Stay informed with the latest insights from Luminate’s Midyear Music Report 2024. This comprehensive analysis reveals key trends and data driving the music industry forward, including the remarkable growth in global on-demand audio streams and physical music revival. 🌍 🔗 Read the full report: https://bit.ly/4de7Mzn #MusicReport #IndustryTrends