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Global Recorded Music Revenue to More Than Double By 2033, MiDiA Report Says
MIDiA forecasts that global recorded-music revenue will rise from $74.3 billion in 2025 to $121.1 billion by 2033, a 62.9% increase. Streaming is expected to remain the main growth driver, but the report says labels will increasingly rely on expanded rights such as branding, merchandise and live-event income as subscription markets mature.
The report estimates the broader “fan economy” could be worth $18.5 billion by 2033, including physical sales and music income from social, fitness and gaming platforms. Retail revenue is forecast to reach $62.7 billion and grow faster than trade revenue, partly because streaming services retain more income from bundled offerings; MIDiA also expects subscription pricing changes eventually to revive average revenue per user.
In short
- Recorded-music revenue could reach $121.1 billion by 2033.
- Streaming will lead growth, but expanded rights will become more important.
- MIDiA expects the fan economy to reach $18.5 billion.
Explained simply
Recorded music includes music sold or licensed in recorded form, such as streaming, downloads and physical releases. MIDiA Research is a company that analyses media and entertainment markets and publishes forecasts about their future size.
Record labels and artists can earn money from recordings in several ways, including subscriptions, sales and licensing music for use by brands or other businesses. Income linked to fans also spans merchandise, live events and music featured on social, fitness and gaming platforms.
Streaming has become a major source of recorded-music income, but subscription markets can mature as more people sign up. Forecasts about future revenue depend on how listening, prices and other sources of music income develop.
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