Global Records Music revenues increased during the tenth in a row, by 4.8% to $ 29.6 billion. USA in 2024, according to IFPI Global music report 2025 The field in the recently released report presents the most complete overview of the global music market and analyzes the problems and trends in the industry.
The global growth of revenue was largely due to a paid stream of subscription, increasing by 9.5%, while the stream supported by AD increased by 1.2%. All over the world, the number of users of the subscription account increased by 10.6% in annual terms of up to 752 million users.
In general, the revenue of the stream gear for the first time exceeded 20 billion US dollars ($ 20.4 billion) and amounted to 69% of the total number of recorded musical income. To put this figure in the future, 20 billion US dollars is more than the income of the entire recorded musical industry for each year from 2003 to 2020.
Each region of the world experienced an increase in income in 2024, when three of the seven regions of the world were published in two -digit meanings: the Middle East and North Africa (+22.8%), Africa south of Sahara (+22.6%) and Latin America (+22.5%).
The Canadian market, which remains the eighth largest in the world, led to an increase in income to $ 660.3 million. USA. While the market increased by only 1.53% year after year, Canada Revenues of 2024 compared to the 2023 indicator, which included a large one -time payment in income from productivity rights.
Like other world markets, growth in Canada was largely due to the stream, which increased by 4.2% to $ 520.1 million. USA. From this, the streaming subscription to most of these income with $ 422.7 million. The USA, which is 6.2% more compared to the same period last year.
“This report clearly demonstrates that Canada should continue to develop a healthy musical environment for artists, recording labels and their partners. The main labels of Canada invest significant funds in the search for new talents, breaking Canadian and indigenous artists at home and around the world, as well as in the development of new technologies to help them achieve their commercial and creative goals. The powerful Canadian market is that Canad
Commenting the release Global musical report, Victoria Okley, CEO of IFPI, said: “One of the key issues that we considered in this report is the role of artificial intelligence in music. Cape companies used their potential to increase the artist’s work and develop new and exciting fans. However, it is clear that the developers of the generative systems of AI, protected from music, in order to train their models without authorizers. Especially, both very real and reproducing and improving in the style of “man”. Appears in very real and reproduced and improved style.
We ask politicians to protect music and skill. We must use the potential of AI to support and strengthen human creativity, so as not to replace it. ”
Free Global Music Report 2025 – The state of the industry The report is now available HereField
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Note to the editors:
About Canada's music:
Music Canada is a trade association representing the main labels of Canada: Sony Music Entertainment Canada, Universal Music Canada and Warner Music Canada. Like its members, Music Canada is a partner of the industry, working with artists, independent labels, publishers, platforms, associations and others, in promoting a promising policy to provide a dynamic and successful Canadian musical ecosystem, which regains value to creators of music.
To obtain additional information: Rigan Raid, Music Canada, [email protected], (416) 462-1485
About IFPI
IFPI is the voice of the recording industry around the world, representing more than 8,000 members of the recording company around the world. We are working on the promotion of the value of recorded music, a campaign for the rights of producers of records and expand the commercial use of recorded music around the world.
To obtain additional information, please contact: [email protected] | +44 (0) 20 7878 7979
