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STATE OF THE INDUSTRYWelcome PLCIDO DOMINGO CHAIRMAN, IFPI ime and time again, throughout my career, I have been privileged to witness musics power to bring us together. Language and culture may vary, but music transcends borders and unites us. This years Global Music Report explores how music has become truly global more so than ever before. Through the work and dedication of artists, record companies and their partners, music from vibrant and diverse regions is being sought out and loved by fans in every corner of the world. The increasingly connected global music landscape is enabling us to explore new genres, sounds and artists, no matter where they originate, and for artists to enjoy the opportunities that I have had to engage with audiences around the world. As this journey continues, we must ensure the right environment is created to make this success sustainable for the future; we must continue to work to establish a music ecosystem that is healthy and open to all, where music is valued and respected. T We are succeeding because even as traditional ways of doing business are being upended weve worked to anticipate musics creative and commercial evolution and continued investing in our artists, driving innovation and actively shaping our future by continuing to transform ourselves. SIR LUCIAN GRAINGE Chairman Japan +2.3%; South Korea +28.8%), and physical revenues still constitute a significant percentage of the market in some countries (representing 71%, 47% and 35% of the market in Japan, Poland and Germany respectively). Revenues from vinyl also sustained their upward trajectory, posting growth for the thirteenth consecutive year, growing 6.0% and maintaining a 3.6% share of the overall market. Synchronisation the revenue from the use of music in advertising, film, games and TV posted growth of 5.2%, a more modest rate than the previous year (14.6%) but maintaining a 2.3% share of the total music market. Global recorded music revenues totalled US$19 .1 billion in 2018, a 9 .7% increase on 2017 and a faster rate of growth than the previous year (+7 .4%) 21.1% Physical revenue Digital revenue 10.1% Performance rights revenue 9 .8% Synchronisation revenue 5.2% IFPI GLOBAL MUSIC REPORT 2019 / / STATE OF THE INDUSTRY 15 2018 FIGURES BY FORMAT
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