In 2018, preliminary estimates suggested that the total revenue of the global music industry amounted to 53.77 billion U.S. dollars, up from just under 51 billion a year earlier. The figure is expected to consistently increase each year and surpass 65 billion U.S. dollars in 2023.
Music industry revenue worldwide from 2012 to 2023
(in billion U.S. dollars)
Characteristic
Revenue in billion U.S. dollars
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IQ Magazine. (September 23, 2019). Music industry revenue worldwide from 2012 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 20, 2024, from https://www.statista.com/statistics/259979/global-music-industry-revenue/
IQ Magazine. "Music industry revenue worldwide from 2012 to 2023 (in billion U.S. dollars)." Chart. September 23, 2019. Statista. Accessed July 20, 2024. https://www.statista.com/statistics/259979/global-music-industry-revenue/
IQ Magazine. (2019). Music industry revenue worldwide from 2012 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 20, 2024. https://www.statista.com/statistics/259979/global-music-industry-revenue/
IQ Magazine. "Music Industry Revenue Worldwide from 2012 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 23 Sep 2019, https://www.statista.com/statistics/259979/global-music-industry-revenue/
IQ Magazine, Music industry revenue worldwide from 2012 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/259979/global-music-industry-revenue/ (last visited July 20, 2024)
Music industry revenue worldwide from 2012 to 2023 (in billion U.S. dollars) [Graph], IQ Magazine, September 23, 2019. [Online]. Available: https://www.statista.com/statistics/259979/global-music-industry-revenue/