Music sales hit new record thanks to surge in streaming | World ...
Apr 20, 2022 · The global music industry is on a roll, posting record revenues for 2021, up by 20%. Growth was driven by a surge in streaming which now accounts for 65% of sales. Sales of CDs and vinyl records grew for the first time in 20 years, with vinyl sales increasing by over 50%. Harry Styles’s latest song, 'As It Was', has set a new Guinness World ...
3 reasons why people pay for content - The World Economic Forum
Apr 2, 2020 · 3. Fewer ads and less risk for your personal data. Advertising has been for years the first source of revenue to fund content. Today, this model is in doubt. According to this study, “it appears difficult to produce high-quality digital content that is exclusively funded by advertising. In the news industry, online advertising revenue per ...
How does digital media really affect us? | World Economic Forum
Jan 28, 2016 · The most positive effects of digital media were found in the work sphere. Roughly two-thirds of survey respondents said that digital media use had improved their ability to learn and develop professionally. This included their ability to carry out their work, collaborate with colleagues and build relationships.
Digitalization: How creative industries are being transformed
Jun 16, 2022 · The re-emergence of Latin music has been driven largely by digital streaming and was spearheaded by a proactive private sector that sought to digitalize and address international demand. Latin music accounted for 5 percent of the total $12.2 billion recorded music revenues in 2020 in the U.S. market, achieving its highest revenues since 2005.
Charted: The impact of streaming on the music industry
Mar 30, 2023 · The Digital Economy. Worldwide recorded music revenues totalled $26.2 billion last year, up 9% from the previous year’s total of $24 billion, as this Statista chart shows. Last year, digital music accounted for the lion's share of worldwide music revenues, with streaming services alone accounting for 67% of the industry’s total haul.
This is how COVID-19 is affecting the music industry
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.
4 things to know about the future of media and entertainment
Aug 17, 2021 · Mobile will increase its share of internet access across revenue. Image: PwC's Global Entertainment and Media Outlook 2021-2025, Omdia. 3. Live experiences will live on. It’s no secret that the pandemic hit live and in-person entertainment experiences hard and the live music business – almost entirely shut down in most countries around the ...
How music helped people cope with COVID-19 stress
Aug 21, 2021 · Image: REUTERS/Thomas White/Illustration. A new study looked at how people used music to cope with the challenges of COVID-19 lockdowns. It found that those who were experiencing negative emotions listened to music to relieve feelings of depression. Those with more positive emotions typically used music as a replacement for social interaction.
The business of media in 2021 | World Economic Forum
Jan 21, 2021 · The Fourth Industrial Revolution has changed the way content is produced, distributed and consumed for media companies, brands and individuals. The media industry today is characterized by so-called "destination" and "ecosystem" media. The former are content destinations for consumers, while the latter use content as a strategic asset in a ...
Charted: Here's what's driving the digital media revolution
Mar 30, 2023 · A Third Of The World’s Population Is Still Offline. The World Economic Forum's EDISION Alliance is working to bridge the digital gap. According to findings from Statista Consumer Insights, just 1 in 4 U.S. adults still prefers hard copies of films, books or music these days. More than twice as many respondents, 54 percent, said that they want ...