美國(guó)唱片公司行業(yè)市場(chǎng)前景及投資研究報(bào)告-培訓(xùn)課件外文版2024.6

INDUSTRIES

&

MARKETSRecordlabelsintheU.S.CHAPTER

01GlobalmarketGlobalrecordedmusicrevenuefrom1999to2023(inbillionU.S.dollars)Globalrevenueoftherecordedmusicindustry1999-2023353025201510528.62623.822.22220.920.620.119.1

19.118.818.61817.416.815.815.514.714.513.7

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20233Description:In2023,thetotalrevenueoftherecordedmusicindustryamountedto28.6billionU.S.dollars.Globalstreamingrevenuesreached19.3billionU.S.dollarsinthesameyear.Overall,recordedmusicincreasedby10percent,representingasteadygrowthratecomparedtothepreviousyear.ReadmoreNote(s):Worldwide;1999to2023;Recordedanddigitalmusicsales,performancerights,synchronisationSource(s):IFPIRecordedmusicmarketrevenueworldwidefrom2005to2023,bysource(inbillionU.S.dollars)Recordedmusicmarketrevenueworldwide2005-2023PhysicalStreaminDownloads&otherdigitalPerformancerightsSynchronisation3530252015105020052006200720082009201020112012201320142015201620172018201920202021202220234Description:In2023,physicalmusicsalesgenerated5.1billionU.S.dollars,whereasdigitalmusicsalesmade0.9billionworldwide.Themajorityofglobalmusicrevenuenowcomesfromstreaming,andaccountedformorethan19billionU.S.dollarsintotalindustryrevenuein2023.ReadmoreNote(s):Worldwide;2005to2023;excludesstreamingSource(s):IFPIShareofrecordedmusicindustryrevenuesworldwidein2023,bysegmentMusicindustryrevenuedistributionworldwide2023,bysource60%48.9%50%40%30%20%10%0%18.5%17.8%9.5%3.2%2.2%SubscriptionaudiostreamsAd-supportedstreamsPhysicalPerformancerightsDownloadsandotherdigitalSynchronisation5Description:In2023,streamingaccountedfor67.3percentoftotalglobalrecordedmusicrevenue,ofwhich48.9percentwasattributedtosubscriptionaudiostreamsand18.5percenttoad-supportedstreams.Meanwhile,thephysicalmusicsegment'scontributiontothetotalfigureof28.6billionU.S.dollarsstoodat17.8percent,andperformancerightsat9.5percent.ReadmoreNote(s):Worldwide;2023Source(s):IFPIRevenuemarketshareofthelargestmusicpublishersworldwidefrom2007to2022Marketshareofthelargestmusicpublishersworldwidefrom2007to2022EMIWarnerChappellUniversal34.8%Sony/ATVIndependentsKobaltBMG100%90%80%70%60%50%40%30%20%10%0%6.6%7%6.4%7%31.6%31.9%31.2%31.4%32.7%32.6%35%36.2%40.1%40%41.2%41.2%41.4%27.9%28.8%11.6%22.2%11.7%23.2%12.3%22.9%12.5%22.6%11.7%22.2%21.7%29.4%22.6%29.5%23%28.3%23.1%24.9%23.2%24.7%23.4%24.5%23%27%27.3%19.5%26%25%21%22.5%13.6%14.8%13.9%14.4%14.1%14.9%19.8%20.2%19.8%200719.3%200919.7%201019.3%201118.3%200813.2%201312.5%201412.4%201512.3%201812%12%11.6%201911.2%202011.8%202112%9.5%20122016201720226Description:In2022,musicpublisherWarnerChappellhadamarketshareof12percent,upfrom11.8percentinthepreviousyear.Independentpublishershadthebiggestmarketshareat40percentandaccountedformostoftheglobalrevenue.

ReadmoreNote(s):Worldwide;2007to2022Source(s):MusicIndustryBlogTotalrecordedmusicmarketshareworldwidein2022,bylabelShareofglobalrecordedmusicmarketin2022,bylabelWarnerMusic16%UniversalMusic31.9%SonyMusic22.1%Independents30%7/statistics/947107/recorded-music-market-worldwide-labelAccordingtothesource,musicproducedbySonyrecordlabelsaccountedfor22.1percentoftheglobalrecordedmusicmarketin2022.?Sonyrecordsweretheonlylabelofthethreemajorstoseeanincreaseinitsrevenuemarketsharebetween2021and2022.ReadmoreNote(s):2022;includesphysical,digital,licensing,andotherrevenueSource(s):Music&Musicindustryrevenuegrowthworldwidein2023,byregionGlobalmusicindustryrevenuegrowth2023,byregion30%24.7%25%20%15%10%5%19.4%14.9%14.4%10.8%8.9%7.4%0%Sub-SaharanAfricaLatinAmericaAsiaNorthAfricaandMiddleEastAustralasiaEuropeUnitedStatesandCanada8Description:In2023,recordedmusicrevenuesinSub-SaharanAfricagrewbyalmost25percent,makingthisthefastestgrowingregionamongtheseventakenintoconsiderationinanannualreport.ThesecondfastestgrowingregionintermsofrevenuewasLatinAmerica,withgrowthofnearly20percent.TherevenuegrowthwassmallestinEuropeaswellastheUnitedStatesandCanada,theonlyregionswhereitstayedinsingledigits.ReadmoreNote(s):Worldwide;2021to2023Source(s):IFPIDigitalrevenuemarketshareofthelargestrecordcompaniesworldwidefrom2011to2023Recordcompanies-digitalmarketshareworldwide2011-2023EMIWarnerMusicGroupIndependents31.6%SonyMusicEntertainmentUniversalMusicGroup100%90%80%70%60%50%40%30%20%10%0%28.7%21.1%32.6%21.5%32%32.4%31.8%33.3%33%32.4%34.1%36.1%35.6%39.7%19.8%32%22.5%28.3%21.6%28.4%20.2%29.8%20.5%27.9%22.6%25.9%23.2%26.5%23.5%27.3%22.3%23.8%22.4%23.8%22.3%20.9%25.6%15.3%22.7%15.9%17.1%201317.7%201418.2%201517.6%201618.1%201717.7%201816.4%201917.6%202018.2%202117.2%202216.8%20239.3%20117.3%20129Description:In2023,theWarnerMusicGroupheldadigitalrevenuemarketshareof16.8percent,downslightlyfrom17.2percentinthepreviousyear.UniversalMusicGroupremainedtheworld'slargestrecordcompanywithamarketshareof32.7percent,withindependentscominginatsecondplacewith27.3percentofthemarket.ReadmoreNote(s):Worldwide;2011to2023Source(s):Music&Physicalrevenuemarketshareofthelargestrecordcompaniesworldwidefrom2011to2022Recordcompanies-physicalrevenuemarketshareworldwide2011-2022EMIWarnerMusicGroupSonyMusicEntertainmentIndependentsUniversalMusicGroup100%90%80%70%60%50%40%30%20%10%0%23.4%25.1%25.4%25.8%27.5%24.9%24.8%26.8%27.6%31.2%31.6%32.3%34.3%24.8%38.3%23.5%39.2%22.6%44%29.4%22.8%29.2%22.7%42.4%21.3%44.2%18.3%28.4%22.5%43.2%18.5%43.7%17.7%22.4%15%22.8%14.2%19.2%16.3%201514.8%201315.7%201413.1%201612.8%201713.4%201811.7%201911.4%202110.9%202210.3%201110.5%20207%201210Description:In2022,UniversalMusicGrouphadaphysicalrevenuemarketshareof27.6percent,andalsoheldthehighestdigitalsharethatyearamongtheindividualcompanies,remainingthelargestrecordcompanyintheworld.WhileSonysawaslightdropintheirphysicalrevenuemarketshares,independentrecordcompaniesreachedashareof43.7percent,makingupthelargestpartofthemarket.

ReadmoreNote(s):Worldwide;2011to2022Source(s):Music&CHAPTER

02U.S.marketRecordedmusicindustryrevenueintheUnitedStatesfrom2009to2023(inbillionU.S.dollars)MusicindustryrevenueintheU.S.2009-2023121081110.39.887.46.65.965.24.94.744.84.84.614.664.5242020092010201120122013201420152016201720182019202020212022202312Description:DataonrecordedmusicindustryrevenueintheUnitedStatesfrom2009to2023showssteadygrowthfrom2015onwards.Therevenuereached11billionU.S.dollarsin2023,upfromthe10.3billionreportedinthepreviousyear.

ReadmoreNote(s):UnitedStates;2009to2023;tradevalueSource(s):RIAAEstimatedrevenueofU.S.musicpublishersfrom2005to2022(inbillionU.S.dollars)U.S.musicpublishers-revenue2005-2022877.126.135.7365.485.044.775432104.654.654.534.534.474.44.344.284.184.154.093.9620052006200720082009201020112012201320142015201620172018201920202021202213Description:AccordingtodataestimatesontheannualaggregaterevenueofU.S.musicpublishersfrom2005to2022,therevenueofmusicpublishershasbeenincreasingsince2011.In2022,musicpublishersgeneratedanestimatedtotalrevenueof7.12billionU.S.dollars.ReadmoreNote(s):UnitedStates;2005to2022;includesalltaxableemployercompaniesSource(s):USCensusBureauEstimatedrevenueofintegratedrecordproductionanddistributioncompaniesintheUnitedStatesfrom2005to2022(inbillionU.S.dollars)U.S.recordproduction&distributioncompanies-revenue2005-20221411.781210810.7710.6410.119.088.998.498.477.777.726.997.056.125.795.6665.4155.0142020052006200720082009201020112012201320142015201620172018201920202021202214Description:AccordingtotheestimatedannualaggregaterevenueofU.S.recordproductionanddistributioncompaniesfrom2005to2021therehasbeenasteadyincreaseinrevenue.In2022,integratedproductionanddistributioncompaniesgeneratedanestimatedtotalrevenueof11.78billionU.S.dollars.ReadmoreNote(s):UnitedStates;2005to2022;includesalltaxableemployercompaniesSource(s):USCensusBureauEstimatedexpensesofU.S.musicpublishersfrom2007to2022(inbillionU.S.dollars)U.S.musicpublishers-annualexpenses2007-20223.53.242.983.02.682.672.552.392.52.252.192.162.132.01.851.781.731.671.581.41.51.00.50.0200720082009201020112012201320142015201620172018201920202021202215Description:AccordingtodataontheannualaggregateexpensesofU.S.musicpublishersfrom2007to2022,musicpublishersspentanestimatedtotalof3.24billionU.S.dollarsin2022,whichisanincreasefromthepreviousyear.

ReadmoreNote(s):UnitedStates;2007to2022Source(s):USCensusBureauEstimatedexpensesofintegratedrecordproductionanddistributioncompaniesintheUnitedStatesfrom2007to2022(inbillionU.S.dollars)ExpensesofU.S.recordproductionanddistributioncompanies2007-20221210.27109.338.78.367.68864207.286.896.445.345.364.824.614.283.974.033.76200720082009201020112012201320142015201620172018201920202021202216Description:TheestimateddataontheannualexpensesofU.S.recordproductionanddistributioncompaniesfrom2007to2021showsasteadyincreaseovertheyears.In2021,integratedrecordproductionanddistributioncompaniesspentanestimatedtotalof10.27billionU.S.dollars.ReadmoreNote(s):UnitedStates;2007to2022Source(s):USCensusBureauNumberofmajormusicproductionlabelsintheUnitedStatesfrom2011to2023NumberofmusicproductionlabelsintheU.S.2011-20237006005005904003393203073043073103013012992983022973002001000201120122013201420152016201720182019202020212022202317Description:AccordingtodatafromMarch2023,thenumberofmajormusicproductionlabelsintheUnitedStateshasgrownupuntil2016,peakingatanumberof301in2016.Afterwardsthenumberdroppedslightlybeforerecoveringtoanumberof310in2022.However,itsawamassivegrowthin2023,whenthesourcereported590majormusicproductionlabelsintheUnitedStatesoverall.ReadmoreNote(s):UnitedStates;2011to2023Source(s):IBISWorldRevenueofmajormusicproductionlabelsintheUnitedStatesfrom2011to2023(inmillionU.S.dollars)MarketsizeofmajormusicproductionlabelsintheU.S.2011-202314,00012,00010,0008,00011,90010,208.510,102.49,698.59,247.59,062.68,471.87,487.66,989.77,004.76,824.76,3626,271.56,0004,0002,0000201120122013201420152016201720182019202020212022202318Description:AccordingtodatafromMarch2023,therevenuegeneratedfrommajormusicproductionlabelsintheUnitedStatesreachedaround11.9billionU.S.dollarsin2023.Themarketsizehasbeenincreasingsteadilysince2014whenitwasatitslowestat6.3billionU.S.dollars.ReadmoreNote(s):UnitedStates;2011to2023Source(s):IBISWorldCHAPTER

03ThebigthreeRevenueoftheWarnerMusicGroupinfiscalyears2004to2023(inmillionU.S.dollars)RevenueoftheWarnerMusicGroup2004-20237,0006,0005,0004,0006,0375,9195,3014,475

4,4634,0053,5763,502

3,5163,5063,4373,3833,2463,2053,0272,9882,9662,8712,7803,0002,0001,00002,3112004*

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202320Description:In2023,WarnerMusicGroupreportedrevenuesof6.03billionU.S.dollars.Therecordcompanyhasseenitsrevenuesgrowconsistentlyforthelastfewyearsafterasmalldeclinein2015,anddespitethe2020figuremarkingaslightdecrease,2023hadthehighestrevenuerecordedtodate.AnoverviewofhowthecompanyperformsthroughoutthecourseofeachfiscalyearcanbeobtainedviaconsultingWMG'squarterlyrevenuefigures.

ReadmoreNote(s):Worldwide;October2003toSeptember2023;fiscalyearsendon30Septemberofeachyear;*Figurefor2004isunaudited.**Fiscalyear2011ranfromOctober1,2010toJuly19,2011.TheperiodfromJuly20,2011toSeptember30,[...]

ReadmoreSource(s):WarnerMusicGroupMusicpublishingrevenueoftheWarnerMusicGroupinfiscalyears2004to2023(inmillionU.S.dollars)WarnerMusicGroup:musicpublishingrevenue2004-20231,2001,0001,0889587618006536576436286075825705725566004002000538539518517524503482Oct'04

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toSept'05'06'07'08'09'10'11'12'13'14'15'16'17'18'19'20'21'22'2321Description:WarnerMusicGroupgenerated1.08billionU.S.dollarsinrevenueviaitsmusicpublishingsegmentinfiscal2023,upfrom958millioninthepreviousyear.Whilstinternationalrecordedmusicmadeupthemajorityoftherecordcompany'spublishingrevenue,almosthalfwasderivedfromtheU.S.market.ReadmoreNote(s):Worldwide;October2004toSeptember2023;fiscalyearsendon30SeptemberofeachyearSource(s):WarnerMusicGroupNetincomeoftheWarnerMusicGroupinfiscalyears2013to2023(inmillionU.S.dollars)NetincomeoftheWarnerMusicGroup2013-2023800600400200555439307307258143250-91-200-400-600-194-303-4702013201420152016201720182019202020212022202322Description:WarnerMusicGrouprecordedanetincomeof439millionU.S.dollarsin2023,downfromthelossof555millionreportedinthepreviousfiscalyear.Therecordcompanyalsoreportedrevenuesofover5.9billionU.S.dollars.

ReadmoreNote(s):Worldwide;September2013toSeptember2023;fiscalyearsendon30SeptemberofeachyearSource(s):WarnerMusicGroupAnnualsalesandoperatingrevenueofSonyCorporation'smusicsegmentinthefiscalyears2008to2023(inbillionU.S.dollars)AnnualrevenueofSonyCorporation'smusicsegment2008-20231210810.359.157.957.387.337.316.846.555.95.7864205.555.474.854.94.74.54FY2008

FY2009

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FY202323Description:Infiscalyear2023,SonyCorporationgenerated10.35billionU.S.dollarsinrevenuefromitsmusicsegment,upfromthe9.15billionrecordedinthepreviousyear.SonyMusicisamongtheleadermusicpublishersintheworld,withitsmaincompetitorsbeingWarnerChappellandUniversalMusic.ReadmoreNote(s):Worldwide;FY2008toFY2023Source(s):SonyMusicsalesandoperatingrevenueoftheSonyCorporationfromfiscal2019to2023,bysource(inmillionU.S.dollars)SonyCorporation:musicrevenuesource2019-2023201920202021202220237,0006,0005,0004,0003,0002,0001,00006,638.535,266.24,685.644,369.323,902.532,389.762,306.42,074.992,001.171,822.31,577.51,522.591,472.891,423.68975.03RecordedmusicMusicpublishingVisualmediaandplatform24Description:Inthefiscalyear2023,whichranfromApril2022toMarch2023,Sonygenerated2.07billionU.S.dollarsfromitsmusicpublishingsegmentand6.6billiondollarsfromrecordedmusic.Meanwhile,visualmediaandplatformrevenueaccountedfor1.5billiondollarsthatyear.ReadmoreNote(s):Worldwide;April2018toMarch2023Source(s):SonyUniversalMusicGroup'srevenuefrom2004to2023(inbillioneuros)UniversalMusicGroup'srevenue2004-20231211.1110.341088.57.437.166.025.6765.275.114.994.964.894.874.894.654.544.564.454.364.24202004

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202325Description:In2023,UniversalMusicGroupgenerated11.11billioneurosinrevenue,upfrom10.34billioninthepreviousyear.UMGisthelargestrecordcompanyworldwideandparentcompanyVivendi'smostprofitablebusinesssegment.

ReadmoreNote(s):Worldwide;2004to2023Source(s):UniversalMusicMusicpublishingrevenueoftheUniversalMusicGroupfrom2007to2023(inmillioneuros)UniversalMusicGroup:musicpublishingrevenue2007-20232,5002,0001,5001,0001,9561,7991,3351,1861,16894185479275667364865966263866165558950002007200820092010201120122013201420152016201720182019202020212022202326Description:In2023,revenuegeneratedfromUniversalMusicGroup'smusicpublishingsegmentsurpassedonebillionforthefifthyearinarow,reaching1.96billionU.S.dollars.UMG'smusicpublishingsegmentwasoneofthecompany'smostlucrativeintermsofrevenue,followedbyrevenuefromphysicalsales.ReadmoreNote(s):Worldwide;2007to2023Source(s):UniversalMusicEBITAofUniversalMusicGroupfrom2008to2023(inmillioneuros)EBITAofUniversalMusicGroup2008-20232,5002,3692,0282,0001,6861,4871,5001,00050001,124902761686644580593565526507511471200820092010201120122013201420152016201720182019202020212022202327Description:In2023,recordlabelUniversalMusicGrouphadanEBITAof2.37billioneuros,upfrom2billioninthepreviousyear.UMG'searningsbeforeinterest,taxes,andamortizationin2020wasalmostdoublethefigurerecordedadecadeearlier.

ReadmoreNote(s):Worldwide;2008to2023Source(s):UniversalMusicCHAPTER

04ArtistsTop-sellingartistsworldwideasofAugust2022,basedoncertifiedsales(inmillionunits)Best-sellingartistsworldwideasof2022Unitssalesinmillions80

1000204060120140160180200TheBeatlesGarthBrooksElvisPresleyEagles183157139120122.5LedZeppelinMichaelJacksonBillyJoel8985EltonJohn79AC/DCPinkFloyd7575BruceSpringsteenAerosmith7169.569GeorgeStrait29Description:Perhapsunsurprisingly,BritishrockbandTheBeatlesaretopofthelistforbest-sellingartistsworldwide,with183millionunitscertifiedsales.SecondisGarthBrookswithover157millionunitssales,followedbyElvisPresleywith139millionunits.AlltheartistswhomadethetoptwentylistareinternationallyrenownedfortheircontributionstomusicandrangefromBritishpop-iconEltonJohntoAmericanrocklegendslikeMetallica.ReadmoreNote(s):Worldwide;asofAugust2022Source(s):RIAASongwriterswiththemostsongsintheBillboardTop100intheUnitedStatesfrom2012to2023SongwriterswithmostsongsintheBillboardTop100intheU.S.202360%52%47%50%40%30%20%10%0%33%27%

27%25%24%23%22%

22%21%19%

19%

19%17%16%15%13%11%10%

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9%30Description:Duringthetimeperiodfrom2012to2023,AubreyGraham(betterknownasDrake)wasthetopsongwriterinthecharts,with52songsintheBillboardTop100.InsecondplacewasMartinSandberg(MaxMartin)with47songs.Whilsttherankingwasdominatedbymaleartists,whowereresponsiblefor24.4percentofthe1,200mostpopularsongsbetween2012and2023,womentobecreditedtenormoretimesincludedRobynFenty(Rihanna),TaylorSwift,ArianaGrande,OnikaMaraj(Nikki[...]

ReadmoreNote(s):UnitedStates;2012to2023Source(s):MDSCInitiativeSoloartistswiththemostsongsintheBillboardTop100intheUnitedStatesfrom2012to2023ArtistswithmostsongsintheBillboardTop100intheU.S.2012-202360%52%50%40%30%25%25%23%22%20%18%The20%10%0%17%16%15%15%14%Ed14%Post14%Bad14%13%13%12%Drake

JustinNicki

Ariana

Rihanna

TaylorChris

CardiB

Morgan

FutureSwift

Weeknd

Brown

WallenLuke

DojaCat

LilBaby

SelenaSheeran

Malone

Bunny

Combs

GomezBieber

Minaj

Grande31Descripti