World music market

(Redirected from Global music market)

Categories: Music industry

The world music market is dominated by the big four major record labels. These 4 companies control around 70% of the world music market and around 85% of the United States music market, thus making the music market an example of an oligopoly:

according to IFPI (2005)


The global market was estimated at $30-40 billion in 2004 [1]. Total annual unit sales (CDs, music videos, mp3s) in 2004 were $3 billion.

In 1918 worldwide sales of phonograph/gramophone records were estimated at 100 million units.

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Notes

  • ^  - BMG - revenues $2.8 billion (2000), Sony Music Entertainment - ~$6 billion.
  • ^  - According to the RIAA the world music market is estimated at $40 billion, according to IFPI (2004) it is estimated at $32 billion.
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See also

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External links