Economics of Music Industry – Evening Crest Sdn Bhd

ECONOMICS OF THE MUSIC INDUSTRY

By: Ruth Towse
Published online by:
Cambridge University Press

Evening Crest Sdn Bhd

The Black Stallion

IFPI GLOBAL MUSIC
REPORT 2024

𝐓𝐚𝐲𝐥𝐨𝐫 𝐬𝐰𝐢𝐟𝐭 𝐩𝐥𝐚𝐲𝐥𝐢𝐬𝐭 𝟐𝟎𝟐𝟒

Click here to listen to her songs

Taylor Swift Live at Liverpool Anfield 2024
The Eras Tour

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THE ERAS TOUR 2023

In 2023, Taylor Swift's Eras Tour became the first tour to collect US$1 billion in revenue, based on estimates by Pollstar. In October 2024, Forbes estimated the tour's gross at US$1.93 billion from 121 shows, though Swift have yet officially report the gross. In 2024, Coldplay's Music of the Spheres World Tour became the first to gross over US$1 billion in revenue based on officially reported boxscores...Read more.

Adjusted gross (in 2023): $1,930,000,000

Taylor Swift Songs Playlist 2024 ~ Taylor Swift Greatest Hits (Lyrics)

Top 50 Love Songs of All Time

“Endless Love” Diana Ross & Lionel Richie | Hot 100 Peak: No. 1 for nine weeks (1981)

“This Guy’s In Love With You” – Herb Alpert | Hot 100 Peak: No. 1 for four weeks (1968)

The Official U.K. Singles Chart - Billboard

The UK’s most popular songs of the week, compiled by the Official Charts Company based on digital downloads, physical sales, and audio streams.

Taste
Sabrina Carpenter

Die With Smile
Lady Gaga, Bruno Mars

Sailor Song
Gigi Perez

Billboard Hot 100™

The Billboard Hot 100 is the music industry standard record chart in the United States for songs, published weekly by Billboard magazine.

A Bar Song (Tipsy)
Shaboozey

Birds Of A Feather
Billie Eilish

I Had Some Help
Post Malone Featuring Morgan Wallen

Top 100 The most Viewed Malaysia Malay Song in Youtube 2021

Welcome to the Top 15 Most Viewed Malay Songs of All Time! We have been checking out which songs recommended in Malaysia!...

The Benefits of Listening to Music

In 2009, archaeologists excavating a cave in southern Germany uncovered a flute carved from a vulture’s wing bone. The delicate artifact is the oldest known musical instrument on earth — indicating that people have been making music for over 40,000 years....

Why is music good for the brain?

Can music really affect your well-being, learning, cognitive function, quality of life, and even happiness? A recent survey on music and brain health conducted by AARP revealed some interesting findings about the impact of music on cognitive and emotional well-being:..

How Listening to Music Can Have Psychological Benefits

Listening to music can be entertaining, and some research suggests that it might even make you healthier. Music can be a source of pleasure and contentment, but there are many other psychological benefits as well. Music can relax the mind, energize the body, and help people manage pain better.:.

Can music improve our health and quality of life?

Music boosts our mood and well-being, and music therapy may help during treatments for certain health conditions.:.

What Is The Music Industry? Modern Definition & Brief History

The music industry refers to the individuals and organizations that earn money by writing songs and musical compositions, creating and selling recorded music and sheet music, presenting concerts, as well as the organizations that aid, train, represent and supply music creators. Among the many individuals and organizations that operate in the industry are: the songwriters and composers who write so...Read more

Financial and Monetary Systems

Charted: The impact of streaming on the music industry

2022 was another good year for the music industry. According to IFPI’s latest Global Music Report, worldwide recorded music revenues totaled $26.2 billion last year, up 9 percent from the previous year’s total of $24 billion. This marks the eighth consecutive year of growth for the global music industry after nearly two decades of gradual decline... Read more

Music industry revenue hits all-time high

The music industry brought in $8.4 billion in the first half of the year, with streaming making up 84 percent of the pie. And physical media sales hit the highest levels in a decade...Read more

The music industry and the digital revolution

The music industry has come a long way since Radiohead allowed fans to pay what they wanted for an album. But there is still plenty of digital disruption going on. Tech companies such as Kobalt provide an alternative route for musicians to find fans and manage their money—without having to rely on a record deal. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 ...Read more

Economy/Business News

Insight | Full Story...

IFPI Global Report 2024: Music Revenues Climb 10% to $28.6 Billion

The total figure is the highest mark since 1999, not counting for inflation, while the number of paid streaming subscriptions passed 500 million for the first time.
Global music sales grew for the ninth consecutive year in 2023, with recorded music revenues increasing in every market and region, and across almost all formats, according to the International Federation of the Phonographic Industry’s (IFPI) Global Music Report 2024.
Total revenues climbed to $28.6 billion, a rise of just over 10% on the previous year, and the second highest growth rate on record after 2021’s 18.5% year-on-year spike.
2023’s total sales figure is the highest level since 1999 — when IFPI first started compiling global music revenues and sales totaled $22.2 billion — on an absolute dollar basis, not accounting for inflation. Piracy and declining physical sales saw the market bottom out at $13 billion in 2014

The Truth About the Music Industry

Future of Music Industry: A Producer's Perspective | Daniel Veerapen | TEDxTaylorsUniversity

How record deals work and making money in the music industry

Is the music industry being reshaped for the better or worse by tech companies?

Currency Depreciation: Meaning, Causes, Impacts
Source: panpoin.com

Currency depreciations, inflation, and Central Bank independence
By: Jongrim Ha & Marc Stocker

Economic effect of a devaluation of the currency
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What Key Economic Factors Cause Currency Depreciation?
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The Impact of Currency Appreciation & Depreciation on Trade Deficits

Impact of Currency Depreciation on Growth, Exports and Industrialization: Evidence from Sri Lanka
By: Sanika Sulochani Ramanayake

Governor Abdul Rasheed Ghaffour said the ringgit’s tumble has been influenced by ‘external factors’.

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Falling Ringgit: How Are Malaysians Managing Their Money? | Money Mind

Learning From the Asian Financial Crisis (w/John Burbank)

What I learned from the 1997 Asian Financial Crisis

Why you should invest in cryptocurrencies?

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If you’re like most crypto investors, you’re concerned about the future of cryptocurrency, especially given the current crypto winter. The paramount question on your mind now is probably how to identify the best cryptocurrencies to invest in 2023. Rightly so because with over 12,000 cryptocurrencies to choose from, discovering new crypto coins and determining the best time to buy crypto becomes critical, especially given that the market is open all year round ...Read more