London, UK (August 4, 2005)–IFPI has published its 12th annual Recording Industry in Numbers. This year’s edition includes record company market share figures for 2004, and, for the first time, shows global revenues from the collection of performance rights, along with data, statistics and trends in 65 countries’ music markets.
Keith Jopling, director of market research said, “IFPI’s Recording Industry in Numbers is an unparalleled and comprehensive report on the global market music. It contains definitive market shares of the record companies, commentary on the global market situation–including on the digital music business–and a wealth of information needed by industry players, analysts and commentators.”
Universal maintains its position as the world’s biggest recording company, with a 25.5 percent share of the world market. Sony BMG is next with a 21.5 percent share followed by EMI at 13.4 percent and Warner at 11.3 percent. The independent sector holds steady with a 28.4 percent global share.
For the first time, IFPI is publishing revenues to the industry from the public performance of music and music videos. Performance rights collections totaled $493 million in 2004, up 4.5 percent on 2003 and up 19 percent over the past five years. IFPI estimates that potential revenues from the sector could more than double its current value over the next five years.
The figures include licensing income from webcasting and simulcasting as well as traditional radio and TV broadcasting, and public performance revenues from bars, hotels, nightclubs and restaurants.
Over 180 legitimate music download services were launched globally in 2004. There are now well over 300 sites in total, with at least 200 in Europe. Music catalogue available on the major services doubled in 2004 to over one million tracks, while subscriber figures now top 2.2 million.
In addition, sales of physical product over the internet are growing rapidly reaching 15 percent in Germany, 10 percent in the UK and 6 percent in the US. The internet was the fastest-growing retail channel for CD sales in 2004.