Recorded music market 2021 Red letter year
Get full access to this report
Request access to read the full report and assets.
MIDiA suggested in 2020 that 2021 was going to be a strong year for the recorded music market. Indeed, 2021 turned out to be the fastest-growing year in living memory, with growth across most formats – compared to in 2020, when streaming was the only growth segment. Streaming was the growth engine once more, also registering record growth in 2021.
Methodological notes:
- All revenue values referenced in this report are in USD with all conversions from local currencies calculated taking the average quarterly exchange rate for each quarter of the year. No constant currency values are used in this report.
- Independent revenue is measured on a distribution basis, not an ownership basis. Therefore, independent revenue that is distributed via a major record label or a wholly owned major label distributor will appear in the revenue of the respective major record label.
Companies and brands mentioned in this report : Amazon Music, Apple Music, AWAL, Believe, CD Baby, DistroKid, Epidemic Sound, Kobalt, Meta, Peloton, Snap, Sony Music Group (SMG), Splice, Spotify, The Orchard, TikTok, TuneCore, Twitch, Universal Music Group, Warner Music Group, and YouTube Music.
Already a MIDiA client? Login here
Get full access to this report and assets
If this report caught your interest, get in touch with us today. Our reports are available for purchase and we provide subscription access to our full report library across this and all coverage areas.
Our client subscriptions include:
- Full access to our extensive report catalogue
- Best in class insights and data
- Direct analyst guidance