Global Music Report 2021

The Global Music Report 2021 provides information and analysis on the current state of the music industry worldwide, including data on music sales, streaming, and market trends.

The Global Music Report 2021 is filed by the International Federation of the Phonographic Industry (IFPI).

FAQ

Q: What is the Global Music Report 2021?A: The Global Music Report 2021 is a comprehensive report on the worldwide music industry.

Q: What does the Global Music Report cover?A: The report covers a wide range of topics including music consumption, revenue, streaming, and trends in the global music market.

Q: Who publishes the Global Music Report?A: The Global Music Report is published by the International Federation of the Phonographic Industry (IFPI).

Q: What are some key findings of the Global Music Report 2021?A: Some key findings include the growth of streaming as the dominant music consumption method, the impact of the COVID-19 pandemic on the industry, and the importance of diverse music markets.

Q: How has streaming affected the music industry?A: Streaming has become the main source of revenue for the music industry, with a significant increase in paid subscription streaming.

Q: How has the COVID-19 pandemic affected the music industry?A: The COVID-19 pandemic has had a significant impact on the music industry, with live music events being canceled or postponed, leading to a decrease in revenue for artists and the industry as a whole.

Q: What are some global music trends highlighted in the report?A: The report highlights the rise of K-pop, the continued success of Latin music, the growth of the African music market, and the increasing popularity of podcasts.

Q: What are some challenges faced by the music industry?A: Some challenges include music piracy, copyright and licensing issues, and the need for fair compensation to artists and creators in the digital age.

Q: Why is the Global Music Report important?A: The Global Music Report provides valuable insights into the state of the global music industry, helping industry professionals, policymakers, and music lovers understand the trends and challenges in the market.