Financial Impact of Independent Recording Artist

What is the Financial impact of independent artists/labels in the

music industry. (For example: if the music industry is a 1 billion

dollar business, how much of it is made up by the independent artists

and labels? $150



One thought on “Financial Impact of Independent Recording Artist

  1. Global music sales in 2003 were

    http://www.ifpi.org/site-content/statistics/worldsales.html

    The global music market was worth $US32 billion* (28.5 billion Euros)

    with total unit sales (including music video) of 2.7 billion in 2003.

    Wikipedia breaks down the market share of record labels here:

    http://en.wikipedia.org/wiki/Big_Four_record_labels

    * Universal Music Group including PolyGram ? 21.1%

    * Sony Music ? 17.4%

    * EMI ? 14.1%

    * Warner Music Group ? 13.4%

    * BMG ? 11.4%

    * independent labels ? 22.6%

    This was according to the MEI World Report 2000.

    Updated information for 2005 is available from the IFPI, the

    International Federation of Phonogram and Videogram Producers:

    "Universal maintains its position as the world's biggest recording

    company, with a 25.5% share of the world market. Sony BMG is next with

    a 21.5% share followed by EMI at 13.4% and Warner at 11.3%. The

    independent sector holds steady with a 28.4% global share. National

    and regional market share information is also available."

    The independent labels' market share has gone up six percent in five

    years, and that could be due to digital downloads.

    In February 2006, eMusic.com, which has had over 45 million downloads

    of independent music in four years of existence, began submitting its

    sales to SoundScan, which should increase the percentage of digital

    sales attributed to independent musicians. Prior to that, independent

    musicians were thought to be undercounted in sales figures.

    Sources:

    http://www.ifpi.org/site-content/PRESS/20060119.html

    http://en.wikipedia.org/wiki/Big_Four_record_labels

    http://www.ifpi.org/site-content/publications/rin_order.html

    If you need any additional help or clarification, I'll be glad to help!

    –keystroke-ga

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