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Tag archive: IFPI (37)

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Music Canada and IFPI to present ‘An industry transformed: securing sustainable growth for today’s digital music industry’ in Geneva

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On Friday, April 5 in Geneva, Switzerland, Music Canada and IFPI will co-present an event titled ‘An industry transformed: securing sustainable growth for today’s digital music industry.’ The event will take place during a gathering of the Standing Committee on Copyright and Related Rights (SCCR) convened by the World Intellectual Property Organization (WIPO). An industry transformed will feature the following speakers:

  • Larry S. Miller – Clinical Associate Professor and Director, Music Business Program, NYU Steinhardt School of Culture, Education, and Human Development
  • Graham Henderson – President and CEO, Music Canada
  • Miranda Mulholland – Musician, President of Roaring Girl Records, and Music Festival Founder

SCCR delegates will be presented with key global and regional data from the IFPI Global Music Report (which will be published globally during the week of the SCCR), insights into the partnerships between record companies and artists, and some key challenges to ensuring the sustainable and balanced development of digital music markets around the world.

Next, Graham Henderson will share highlights from Music Canada’s upcoming report on the discrepancy between the value of music accessed by consumers and the revenues returned to the artists and businesses who create it. The report outlines how Canada’s music community has overcome initial skepticism regarding the existence of this discrepancy, known as the Value Gap, and its causes. It examines the key arguments and evidence that have led to widespread acknowledgement of the discrepancy in Canada, and presents a road map to help build a stronger music ecosystem for artists and labels around the world.

Musician, label owner, and music festival founder Miranda Mulholland will close out the event with remarks explaining how weak copyright legislation has impaired her career. She will also reflect on the value of record labels in the modern music marketplace, and will demonstrate how artists can help establish a sustainable and functioning marketplace, outlining her own journey as an artist advocate.

Mulholland will then take the stage with Andrew Penner, her musical partner in the band Harrow Fair, to perform their unique blend of folk, country and garage rock music.

 

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Drake named 2018’s best-selling global recording artist by IFPI

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The IFPI revealed their Top 10 Global Recording Artist Chart today, naming Drake as the world’s best-selling artist of 2018. The Toronto hip hop sensation is the sixth recipient of the IFPI Global Recording Artist Award, and the only artist to ever hold this title multiple times, with his first being in 2016.

Drake earned the top spot following the global success of his fifth album Scorpion, which was officially certified Double Platinum in Canada in July 2018, and includes the hits “God’s Plan” (8x Platinum), “In My Feelings (5x Platinum), “Nice For What” (4x Platinum). The 25-track double album broke multiple global records in its first week of release, including being the first album to reach one billion streams across all platforms worldwide.

“Drake has had an incredible, record-breaking year, one that is more than worthy of the title of Global Recording Artist of the Year,” says Frances Moore, chief executive of IFPI. “That Drake has won this award for the second time is testament to his continued global appeal and his ability to engage and connect with fans.”

Drake is the only Canadian artist to receive the prestigious award, with previous recipients including One Direction (2013), Taylor Swift (2014), Adele (2015), and Ed Sheeran (2017), who remains on this year’s list at number 3.   

“This year’s Top Ten artists reflect the global appeal of music” Moore continues. “From modern-day superstars like Drake, Ed Sheeran and Ariana Grande, to the rise of genres such as K-Pop, to legacy acts like Queen, fans are exploring and enjoying music of all types and from all corners of the world.”

The full Top 10 list, which was counted down by the IFPI on Twitter, is now available below.

Top 10 Global Recording Artists 2018

1 Drake
2 BTS
3 Ed Sheeran
4 Post Malone
5 Eminem
6 Queen
7 Imagine Dragons
8 Ariana Grande
9 Lady Gaga
10 Bruno Mars
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IFPI releases Music Consumer Insight Report 2018, highlighting global trends in music listening habits

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Today, IFPI released its 2018 Music Consumer Insight Report, an in-depth study of global music listening habits across 20 of the world’s largest music markets, including Canada, among music consumers aged 16-64.

“This year’s Music Consumer Insight Report tells the story of how recorded music is woven into the lives of fans around the world.  As it becomes increasingly accessible, it continues to be embraced across formats, genres and technologies,” said IFPI Chief Executive Frances Moore in a release. “Record companies are working with their partners to sustain and develop these rich and diverse ways in which music is being enjoyed, ensuring that it continues on its exciting journey around the world.”

One of the key highlights from the report is the ubiquity of on-demand streaming. 86% of consumers globally are listening to music through an audio or video on-demand service. 56% of listeners in Canada engage with music through on-demand audio services, just slightly below the global average of 61%.

Within this high usage of on-demand streaming though, it is user-upload services that continue to dominate consumption. The report notes that globally, 47% of time spent listening to on-demand music is on YouTube, compared to 28% on paid audio streaming services and 20% on free audio streaming.

Music piracy also remains a significant issue, as 38% of music consumers reported obtaining music through methods that infringe copyright. 32% of consumers report obtaining music through stream ripping, making it the most dominant form of copyright infringement.

“However, this report also shows the challenges the music community continues to face – both in the form of the evolving threat of digital copyright infringement as well as in the failure to achieve fair compensation from some user-upload services,” said Moore. “Policymakers around the globe have been scrutinising these issues and increasingly acting to address them.”

Recent votes in the United States Senate and European Parliament have added even more urgency for Canadian policymakers to take similar action. Music Canada remains committed to working with the federal government to address the challenges hindering the proper functioning of our music marketplace, and to close the Value Gap in Canada.

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Artist advocacy takes centre stage at Midem 2018 during Value Gap event presented by Music Canada and IAEL

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Entertainment lawyers have always played a crucial role in the success of their artist clients. But during Midem 2018, Miranda Mulholland urged them to take complimentary steps to empower artists and leverage their network to be connectors, helping to introduce, start discussions, and activate their artist clients.

Mulholland was the keynote speaker at a June 6 event hosted by Music Canada and the International Association of Entertainment Lawyers (IAEL) in Cannes, France. The Value Gap theme flowed through both this event and the launch of IAEL’s new book, Finding the Value in the Gap, later the same day.

Music Canada’s President and CEO Graham Henderson introduced Miranda and shared some opening remarks about Music Canada’s report The Value Gap: Its Origins, Impacts and a Made-In-Canada Approach and thoughts on the vital role of artist advocates.

Two representatives from IAEL, including President Jeff Liebenson and Anne-Marie Pecoraro, as well as Lodovico Benvenuti, Director of IFPI’s European Office, joined Mulholland for a panel discussion following her keynote.

In addition to discussing the IAEL’s brand new publication Finding the Value in the Gap, the international experts leading the charge to address the Value Gap in multiple territories discussed how artists have been instrumental in their campaigns, including a letter to European Commission President Jean-Claude Juncker. The letter was originally signed by more than 1,000 musicians and urges the Commission to address misapplied safe harbour provisions at the heart of the Value Gap to secure a sustainable and thriving music sector for Europe. Similarly, in Canada, more than 3,650 Canadian artists and creators have now signed the Focus On Creators letter to Heritage Minister Mélanie Joly calling on the government to put creators at the heart of future policy.

Guests at the Midem event included influential Canadian and international delegates, as well as members of the legal community, media outlets and European leaders in addressing the Value Gap.

You can watch the full keynote and panel discussion below.

Below is a selection of photos from the event and more information on Finding the Value in the Gap will be available on the IAEL website.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Global Music Report 2018 shows industry experiencing growth from subscription streaming, but Value Gap needs to be addressed for long term sustainability

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IFPI today released its anticipated 2018 Global Music Report, providing a state-of-the-industry guide to the top global markets and highlighting industry-wide trends.

While Canada dropped from the sixth to seventh largest music market in the world, the domestic music industry can be encouraged by marked growth in subscription audio streaming, which grew in trade value from USD $95.34 million in 2016 to USD $160.9 million in 2017. This trend has contributed to the first three consecutive years of growth following 15 years of revenue decline.

In Canada, ad-supported streaming declined slightly in 2017, representing USD $16.24 million in trade value, compared to USD $16.59 million in 2016. Video streams represented USD $23.32 million in trade value in 2017, rising from USD $21.56 million in 2016. The total trade value for all types of streaming rose from USD $133.5 million in 2016 to USD $200.4 million in 2017, a 50% increase. This is similar to the global trend where overall streaming revenues grew by 41.1%.

“I’m encouraged by the consecutive years of growth we’re witnessing. But as streaming continues its rise, it’s more important than ever that this business model supports the people making the music,” says Graham Henderson, President and CEO of Music Canada.

“There are still regulations and cross-subsidies in place, in Canada and around the world, intended to get tech companies off the ground,” says Henderson. “These companies, like Google and Facebook, are now some of the world’s wealthiest and have unprecedented control over content online. Music Canada produced a comprehensive report on the Value Gap in Canada, and more than 3,600 Canadian creators have signed the Focus On Creators letter to the Canadian government asking for legislative help. Any future legislation, including the current Copyright Act review, needs to keep the well-being and future of Canadian creators top of mind.”

Frances Moore, Chief Executive of IFPI, also pointed to addressing the Value Gap as a top priority.

“The industry is on a positive path of recovery but it’s very clear that the race is far from won.” Moore explained in an IFPI release. “Record companies are continuing in their efforts to put the industry back onto a stable path and, to that end, we are continuing our campaign to fix the value gap. This is not just essential for music to thrive in today’s global market, but to create the right – fair – environment for it to do so in the future.”

Music Canada’s 2017 report, The Value Gap: Its Origins, Impacts and a Made-In-Canada Approach, proposes a range of practical, forward-looking solutions tailored to Canada’s marketplace, institutions and legal framework.

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Ed Sheeran named 2017’s best-selling global recording artist by IFPI, as Canadians Drake and The Weeknd return to Top 10

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IFPI Global Award – Ed Sheeran
Photo Credit: John Marshall – JM Enternational

The IFPI revealed their Top 10 Global Recording Artist Chart today, naming Ed Sheeran as the world’s best-selling artist of 2017. Sheeran is the fifth recipient of the IFPI Global Recording Artist Award, which recognizes an artist’s international success across physical and digital formats.

Sheeran earned the top spot due to his worldwide success of his album ÷ (Divide) and its multiple hit singles including Shape of You, Castle On The Hill, and Galway Girl. The best-selling album topped the charts in 31 countries and was certified multi-Platinum in 34 markets, including Canada, where it was certified Six Times Platinum. Sheeran also had the world’s best-selling single, as Shape of You topped the charts in 25 countries, and was certified multi-Platinum in 24 markets, including Canada, where it reached Diamond status. That marks the first time that the IFPI Global Recording Artist of the Year has had both the best-selling album and single of the year.

“Being crowned the biggest star in the world, with the biggest song and biggest album, is the result of years of ambition, creativity, and hard work on a global scale,” said Max Lousada, CEO of Recorded Music for Warner Music Group & Chairman and CEO of Warner Music UK. “Ed is truly an incredible songwriter, vocalist and performer, whose ability to tell stories and make people feel is what stands him out from the crowd. He’s always had a totally authentic connection with his fans, something he places over everything else. Congrats also to Stuart Camp, the Atlantic teams in the UK and US, and everyone at Warner who contributed to Ed’s amazing success story.”

Ed Sheeran presented with multiple award plaques for the album and its singles by Warner Music Canada.

“It’s wonderful to be able to announce Ed Sheeran as the IFPI Global Recording Artist 2017,” said IFPI chief executive, Frances Moore. “The success Ed has achieved is astonishing and testament to his ability to write and perform songs that connect with a truly global fanbase.”

Drake, who received the Global Artist Award in 2016, placed second on the chart this year. His mix tape More Life broke streaming records, including most first-day streams for an album on Spotify, and most streams in a 24 hour period on Apple Music. Fellow Canadian The Weeknd placed 7th on the chart this year, climbing up from the 10th position on the chart in 2016. Both Drake and The Weeknd have now placed in the Top 10 on this chart for three consecutive years.

“This year’s Global Top 10 really is a ‘who’s who’ of popular music,” continued Moore. “Each artist has a unique impact on the music industry through the talent and energy they are channelling through their work. I congratulate them all for such a successful year.”

The full Top 10 list, which was counted down by the IFPI on Twitter, is now available below.

Top 10 Global Recording Artists 2017

1 Ed Sheeran
2 Drake
3 Taylor Swift
4 Kendrick Lamar
5 Eminem
6 Bruno Mars
7 The Weeknd
8 Imagine Dragons
9 Linkin Park
10 The Chainsmokers

Previous Winners

2016 Drake
2015 Adele
2014 Taylor Swift
2013 One Direction

 

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IFPI’s 2017 Connecting With Music report includes Canadian insights

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Today, IFPI released Connecting With Music, its 2017 consumer insight report with information from 13 of the world’s leading music markets. The report was created with data commissioned from Ipsos Connect, and provides a snapshot of the way music fans around the globe are engaging with recorded music.

In 2017, Canada became the sixth largest recorded music market in the world, surpassing Australia, and Connecting With Music offers insight on how Canadian music fans’ listening habits compare with other markets and global figures.

Global trends highlighted in the report include:

Young people are highly engaged with licensed music, especially streaming

Globally, 85% of 13-15-year-olds are streaming music. In Canada, streaming is even more popular among young people, with 89% of 13-15-year-olds reporting streaming music via both audio and video services. 99% of Canadians aged 16-24 identified as licensed music consumers, similar to the global average of 98%.

Music fans engage with licensed music in multiple ways

In Canada, music fans on average access four different licensed ways of listening to music, which is the same as the global average. The four consumption models are: purchase of physical product or paid downloads, audio streaming services for music, video streaming services for music, and listening to music on broadcast or internet radio.

Almost all Canadian internet users (99%) reported listening to licensed music, which is slightly higher than the global average of 96%.

Generally, Canadians are a little less engaged in licensed audio streaming (39%) than the average of global music fans (45%), and 46% of Canadians reported having paid for music in the last six months, compared to 50% globally.

Listening via smartphones is increasing

Overall, Canadians are using smartphones to listen to music a little less than the global average. Globally, 90% of paid audio streamers are using a smartphone to listen, compared to 81% of Canadian respondents. That gap reduces when considering the listening habits of 16-24-year-olds, 84% of which listen via smartphones globally, compared to 81% of Canadians in the same age bracket.

Despite high engagement with licensed music, piracy is still a significant concern

While the percentage of Canadians accessing unlicensed music (33%) was lower than the global average (40%), piracy remains a significant concern in Canada, with 27% of Canadians reporting stream ripping versus the global average of 35%.

Stream ripping is considerably more prevalent among young people, with 43% of Canadians aged 16-24 reporting stream ripping, and a global average of 53% in the same age bracket.

Of those who reported downloading unlicensed music, 54% of global respondents reported also using Google to find it. That figure for Canadian respondents is 46%.

The Value Gap remains an issue

Though video streaming services like YouTube are the most popular form of on-demand music streaming, the revenue returned to music creators from plays on these services is much lower than other licensed music services. 86% of Canadian YouTube users, and 85% of global users reported using the service for music in the past month, translating globally to 1.3 billion users.

One quarter of Canadians surveyed said that they do not pay for a streaming subscription because “anything I want to listen to is on YouTube,” confirming that the Value Gap is very much an issue here in Canada.

 

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World’s largest music stream ripping website to cease operations globally following legal action

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IFPI, in conjunction with the RIAA and BPI, announced today that following successful legal action from record companies in the United Kingdom and the United States, the world’s largest music stream ripping website will shut down.

YouTube-mp3.org, a Germany-based site with 60 million visitors a month, facilitated the ripping of downloadable music files from online audio-visual works. Sites like YouTube-mp3.org typically extract large profits from advertising while delivering nothing to music makers. IFPI estimates the site generated “hundreds of thousands of dollars in advertising revenue per month, often from major brands.” In addition to agreeing to cease operations, the site’s operator has agreed to not infringe the rights of artists and labels in the future.

“The largest site dedicated to the fastest growing form of music piracy is shutting down. This is welcome news for music creators and the fans that support them,” says Graham Henderson, President and CEO of Music Canada. “Artists and advocates around the world are fighting for a better future for creators. As we continue to work with governments and legitimate music services to build a functioning ecosystem, it’s important that flagrant violations like stream ripping be met with firm action.”

In a joint release issued by IFPI, the RIAA and BPI, industry leaders welcomed the news:

“Stream ripping sites blatantly infringe the rights of record companies and artists,” said IFPI Chief Executive Frances Moore. “Today, music companies and licensed digital services work together to offer fans more options than ever before to listen to music legally, when and where they want to do so – hundreds of services with over 40 million tracks – all while compensating artists and labels. Stream ripping sites should not be allowed to jeopardise this and we will continue to take action against these sites.”

“This is a significant win for millions of music fans, as well as music creators and legitimate music services,” said Cary Sherman, Chairman and CEO, RIAA. “One of the world’s most egregious stream ripping sites has shuttered. Sites like these undermine the health of the legitimate marketplace and the livelihoods of millions of music creators worldwide. The swift and successful conclusion of this case should send an unmistakable signal to the operators of similar sites.” 

“This illegal site wasn’t just ripping streams, it was ripping off artists,” said Geoff Taylor, Chief Executive BPI. “Most fans understand that getting music from a genuine site supports the artists they love and allows labels to nurture the next generation of talent.  Music stands on the cusp of an exciting future in the streaming age, but only if we take resolute action against illegal businesses that try to siphon away its value.”

Piracy, and particularly stream ripping, remains a significant concern in Canada. A survey commissioned by IFPI in 2016 found that 27% of Canadian respondents reported pirating music, and 22% reported doing so via stream ripping. The age group most likely to use stream ripping sites was 16-24 year-olds, with 48% reporting doing so in the past year. While Youtube-mp3.org was the largest stream ripping site, the industry hope is that this legal action will send a clear message to other sites still in operation that they are breaking the law, and will face similar action if they do not shut down.

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Canada climbs to sixth largest global recorded music market in IFPI’s Global Music Report 2017

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Toronto, ON – April 25, 2017:   Today the International Federation for the Phonographic Industry (IFPI) released its Global Music Report 2017, which shows Canada is now the sixth largest recorded music market on the planet, surpassing Australia.

The annual Global Music Report compiles revenues from physical and digital sales, streaming, synchronization and performance rights, to provide a ‘state of the industry’ snapshot while highlighting innovation and investment within the industry as it progresses further into the digital age.

Highlights of Canada’s 2016 music revenues:

  • Overall recorded music revenues rose 12.8% in 2016 and totalled CAD $489.4 million
  • Digital music revenues accounted for 63% of recorded music revenues in 2016
  • Total streaming revenues, including subscription and ad-supported streaming, more than doubled in 2016, rising from USD $49.82 million to an impressive USD $127.8 million
  • Subscription audio streaming generated the majority of all streaming revenues in 2016 at USD $94.45 million, compared to USD $15.72 million from ad-supported audio streaming and USD $17.59 million from video streams
  • Digital revenues grew to USD $233 million in 2016, up from USD $170 million in 2015
  • Revenues from physical sales continue to decline, falling to USD $99 million in 2016 from USD $114.4 million in 2015

Though music consumption around the world continues to rise to never-before-seen levels, the “value gap” remains a significant problem, as the revenues returned to music creators have not kept pace with music consumption.

“I am happy to see Canada regain its position as the sixth largest recorded music market in the world,” said Amy Terrill, Executive Vice President of Music Canada. “While the growth in overall revenues, driven by a huge increase in subscription audio streams is very encouraging, the music community must remain united and vigilant in fixing the value gap. I urge the Canadian federal government to put creators first in any future policy decisions, such as the upcoming Copyright Act review in 2017, so that creators can be properly compensated for the record levels of music consumption we’re witnessing.”

“The whole music community is uniting in its effort to campaign for a legislative fix to the value gap and we are calling on policymakers to do this,” said Frances Moore, chief executive of IFPI, in the report release. “For music to thrive in a digital world, there must be a fair digital marketplace.”

Key figures from global recorded music revenues:

  • Global revenue growth: +5.9%
  • Digital share of global revenues: 50%
  • Digital revenue growth: +17.7%
  • Growth in streaming revenues +60.4%
  • Physical revenues: -7.6%
  • Download revenue: -20.5%

Canada’s ascension to the sixth largest market follows IFPI’s announcement in February that Drake was named Global Recording Artist of 2016. Justin Bieber and The Weeknd took the number five and number ten spots, respectively, as Canadians occupied three of the top 10 positions.

Today’s Global Music Report 2017 shows that albums by Canadian artists performed very well at home in 2016, with six of the top ten album spots occupied by Canadian artists, including Drake’s Views at number one. Other Canadians in the top albums chart include Céline Dion, Leonard Cohen, Justin Bieber, The Weeknd, and The Tragically Hip.

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Drake named IFPI’s Global Recording Artist of the Year as fellow Canadians Justin Bieber and The Weeknd reach the Top 10

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Today, the IFPI announced that Toronto hip hop artist Drake is the recipient of the IFPI 2016 Global Artist of the Year Award, which recognizes an artist’s worldwide success across physical and digital formats, including downloads and steams. Drake is the first Canadian to receive the award, and the fourth recipient since its launch in 2013.

Joining Drake in the Top 10 chart are fellow Ontarians Justin Bieber and The Weeknd, who reached #5 and #10, respectively. All three artists also appeared in the 2015 Global Top 10 chart.

“I’m delighted to be able to honour Drake as the IFPI Global Recording Artist 2016,” says IFPI chief executive Frances Moore in a release. “Drake’s phenomenal success reflects how deeply his unique sound appeals to an enormous global audience. The Global Top 10 list features a number of amazing artists, and the variety and vibrancy of their art speaks volumes about the exciting state of music today.”

Drake’s 2016 Double Platinum album Views became the first album to reach one billion streams on Apple Music, while the album’s single and summer smash “One Dance” became the first song to be played one billion times on Spotify. In 2015, Drake appeared at number nine on the list.

Justin Bieber, whose 2015 album Purpose contained multi-Platinum singles like “Sorry,” “Love Yourself,” and “What Do You Mean?” lands in the fifth position, allowing for two Canadian artists to appear in the top five. This is the second consecutive year the Stratford, Ontario native has appeared on the list, after reaching the number four spot in 2015.

Multi-Platinum R&B sensation and Scarborough, Ontario native The Weeknd, who released his Platinum-certified album Starboy in late 2016, was announced as the number ten artist, matching his 2015 position on the chart. While his album JUNO Award winning album Beauty Behind The Madness was released in 2015, The Weeknd, born Abel Tesfaye, continued to see success through the start of 2016 with the album’s singles “Can’t Feel My Face,” “In The Night,” and “The Hills.”

One Direction were the first group to be named Top Artist by IFPI when the list began in 2013, which also included Canadian Michael Bublé in the ninth spot. Taylor Swift earned the award in 2014, and in 2015, IFPI named Adele as the top global recording artist, who appears at number four in 2016.

Click here more for information on IFPI’s results, and view the full list below.

Top 10 Global Recording Artists of 2016

  1. Drake
  2. David Bowie
  3. Coldplay
  4. Adele
  5. Justin Bieber
  6. Twenty One Pilots
  7. Beyoncé
  8. Rihanna
  9. Prince
  10. The Weeknd
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