Although sales of CDs continue to fall the streaming revolution has landed the music industry its biggest revenue in two decades according to the International Federation of the Phonographic Industry (IFPI) Global Music Report.
IFPI has released its latest consumer report which shows that licensed on-demand streaming is 'virtually ubiquitous' worldwide.
Websites dedicated to pirating music from YouTube are causing trouble. 35% of 16-24-year olds are ‘stream-ripping’ music - and that number is set to rise.
The IFPI has used its 2018 Global Music Report to call out unlicensed and under-licensed video streaming platforms which are avoiding paying millions to rightsholders for the use of their music.
IFPI, which represents the recorded music industry worldwide, has named Ed Sheeran as the world’s best-selling recording artist of 2017, following the record-breaking success of his third album.
The EU’s incoming Bulgarian president Boyko Borisvo brings an ‘unmissable opportunity’ to address the issue of transfer of value from creators to digital platforms, industry experts have advised.
Organisations representing hundreds of thousands of music creators across Europe have united to call on MEP Axel Voss to address the value gap in the digital marketplace.
The value gap between digital services and rightsholders is the single biggest threat facing music today, according to a new study from international trade body IFPI.
The global recorded music market grew by 5.9 percent in 2016 to reach $15.7bn (£12.2bn), the latest IFPI Global Music Report has revealed.
Record companies remain the largest investors in music, providing more than US$4.5bn (£3.6bn) for Artists and Repertoire (A&R) and marketing in 2015, according to a new report.