Global Recorded Music Revenue to More Than Double By 2033, MiDiA Report Says
Vinyl sales; streaming revenue from social, fitness and gaming; and labels' share of areas like branding, merch and touring could top $18 billion, new report says.
By 2033, global recorded music revenues are projected to grow by 62.9% to $121.1 billion, up from $74.3 billion in 2025, according to a new report by MIDiA. The findings highlight expanded rights as the second-fastest growing revenue source after streaming, with the fan economy projected to reach $18.5 billion by 2033. Streaming, while remaining the primary growth driver, is expected to see flattening growth in saturated markets, prompting music companies to diversify their revenue streams.
The fan economy encompasses revenue from physical music sales, streaming from non-SPOTIFY platforms, and expanded rights such as branding, merchandise, and live events. Retail growth is also expected to outpace trade growth, with music retail revenues anticipated to reach $62.7 billion, driven by increased revenue share from bundling subscriptions with other audio entertainment.
Subscription pricing is projected to evolve, potentially leading to a resurgence in subscription average revenue per user (ARPU).
Written by urgent.news from Billboard's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
