Optimistic Future

All industry reports and studies predict a global expansion phase for the music business over the next 10 years. This growth brings with it a demand for new talent, particularly in management. A new generation of professionals is set to lead a constantly evolving industry. 

FORECASTED RECORDS!

In 2025, historical records were achieved in global revenues for recorded music, live music, and music publishing. The forecast is that these sectors will continue to grow in the coming years.

Are you going to ride the wave?

Web Estudia en IMB Futuro del Negocio Grafico Goldman Sachs ENG

*In this chart, recorded music includes total gross revenues.
That is to say, it includes the turnover of the major streaming platforms, among others.
Source: Goldman Sachs – Global Music Revenues Are Forecast to Double to $200 Billion in 2035

LIVE MUSIC

WORLDWIDE TURNOVER*

28

Bn $
2019

38.2

Bn $
2025E

67.1

Bn $
2035E

*This refers to all money generated from ticket sales and sponsorships at music events. Drinks at the event are not included.

2019 - Record turnover

A record turnover of 28 billion dollars was achieved in 2019.

2025 - New Record

With a forecast of 38.2 billion dollars in turnover, a record is set for live music.

This refers to all money generated from ticket sales and sponsorships at music events. Drinks at the event are not included.

2019 - Record turnover

A record turnover of 28 billion dollars was achieved in 2019.

2023 - New Record

With 33.1 billion dollars in turnover, a record was set for live music, far surpassing the previous record set before covid-19.

RECORDED MUSIC

WORLDWIDE NET TURNOVER*

26.2

Bn $
2022

31.4

Bn $
2025E

55

Bn $
2035E

*In contrast to the graph above, these turnover figures are net. In other words, they represent the revenues of the owners of the recordings (in most cases, record labels or DIY artists).


Therefore, they do not include the part of the turnover that is kept by streaming platforms

1999 - The Golden Age of Recorded Music

In 1999, the so-called golden age of recorded music, the world record turnover was set at 22.3 billion dollars. Then with the arrival of the internet and the mp3, the worldwide turnover dropped to 13.1 billion dollars in 2014.

2015 - The rise of streaming

Thanks to the advent of streaming, turnover has grown on a yearly basis.

2025 - Breaking the historical record

In 2025, the recorded music sector broke its all-time revenue record, surpassing the renowned golden era. Forecasts for 2035 are exceptionally promising.

In contrast to the graph above, these turnover figures are net. In other words, they represent the revenues of the owners of the recordings (in most cases, record labels or DIY artists).


Therefore, they do not include the part of the turnover that is kept by streaming platforms

1999 - The Golden Age of Recorded Music

In 1999, the so-called golden age of recorded music, the world record turnover was set at 22.3 billion dollars. Then with the arrival of the internet and the mp3, the worldwide turnover dropped to 13.1 billion dollars in 2014.

2015 - The rise of streaming

Thanks to the advent of streaming, turnover has grown yearly since 2015.

2023 - Breaking the historical record

The recorded music sector broke the historical turnover record, surpassing the famous golden age. And it is expected to keep growing.

MUSIC PUBLISHING

WORLDWIDE NET TURNOVER*

5.8

Bn $
2019

10.7

Bn $
2025E

18.9

Bn $
2035E

Publishing is growing fast, benefiting from the strong performance of recorded and live music. The value of the publishing business is expected to reach 18.9 billion dollars by 2035.

TRENDS

Global music revenues will double

From 105 billion dollars in 2024 to nearly 200 billion in 2035.

Live music will continue to grow

Driven by millennials and Gen Z, the industry is projected to grow 7.2% annually until 2030, with average ticket prices for major tour tickets reaching 136 dollars in 2024, a 50% increase since 2019.

Superfan monetisation will drive new revenues

It is estimated that 20% of paying subscribers are superfans, meaning these listeners are willing to spend twice as much as the average user, potentially boosting revenues to 4.3 billion dollars in 2026.
Caption:

  • 1 million (Mn) dollars -> 1,000,000 dollars
  • 1 billion (Bn) dollars -> 1,000 million dollars
Sources:

  • IFPI, Goldman Sachs (“Music in the Air: Show Must Go On” Report)

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