According to a study from 2021, the total digital music revenue has steadily increased over the years and will continue to do so, reaching over 29 billion U.S. dollars revenue in 2025. The study also showed that after the years of the COVID-19 pandemic during which the live music sector experienced a significant loss in revenue, live music is likely to recover and reach its former level post pandemic with an estimated revenue of over 30 billion U.S. dollars in 2025.
Music revenue worldwide from 2019 to 2025, by category
(in million U.S. dollars)
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PwC. (July 14, 2021). Music revenue worldwide from 2019 to 2025, by category (in million U.S. dollars) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1274928/global-music-revenue-by-category/
PwC. "Music revenue worldwide from 2019 to 2025, by category (in million U.S. dollars)." Chart. July 14, 2021. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1274928/global-music-revenue-by-category/
PwC. (2021). Music revenue worldwide from 2019 to 2025, by category (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1274928/global-music-revenue-by-category/
PwC. "Music Revenue Worldwide from 2019 to 2025, by Category (in Million U.S. Dollars)." Statista, Statista Inc., 14 Jul 2021, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1274928/global-music-revenue-by-category/
PwC, Music revenue worldwide from 2019 to 2025, by category (in million U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1274928/global-music-revenue-by-category/ (last visited November 10, 2024)
Music revenue worldwide from 2019 to 2025, by category (in million U.S. dollars) [Graph], PwC, July 14, 2021. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1274928/global-music-revenue-by-category/