Recession Impact Music Industry 2020 Growth Scenarios

As part of MIDiA’s research stream focused on how            is impacting the entertainment industries, this report explores how the combination of lockdown measures and the coming recession will impact music industry revenues in 2020.

Key Insights

• Prior to            music industry revenues totalled            billion            2019, higher than the 2000            of            billion
• In 2000            music (in retail terms) was            all music industry revenues, with            just            By 2014 live had            its share to            while recorded,            retail terms), had fallen to           
           paused the long-term growth trend. MIDiA’s base-case growth scenario forecasts a            fall in music revenues in 2020 with our bear case being a fall of           
• In our            growth scenarios live music is            main factor pulling down revenues,            at            of revenue capacity in                       in 2021 and            in 2022
• In our            case scenario, music publishing will            its first sector-wide decline in            a decade, falling by            with            falls carrying through to 2021
• The MIDiA            case for recorded trade revenues            a            decline, with performance, sync            physical’s            decline cancelling out streaming’s           
• Subscriptions are            but not immune to recessionary            with increased churn likely if            levels rise and consumer spending            falls