Music and Youth
Universal is the biggest global recording company: report
MUMBAI: 2004 was a landmark year for the growth of digital services, according to the record industry.
Over 180 legitimate music download services were launched globally in 2004, says the International Federation of the Phonographic Industry (IFPI) in its 12th annual global report
IFPI market research director Keith Jopling said, “IFPI’s Recording Industry in Numbers is an unparalleled and comprehensive report on the global market music. It contains definitive market shares of the record companies, commentary on the global market situation – including on the digital music business – and a wealth of information needed by industry players, analysts and commentators.”
Universal maintains its position as the world’s biggest recording company, with a 25.5 per cent share of the world market. Sony BMG is next with a 21.5 per cent share followed by EMI at 13.4 per cent and Warner at 11.3 per cent. The independent sector holds steady with a 28.4 per cent global share. National and regional market share information is also available.
Performance rights revenues : For the first time, IFPI is publishing revenues to the industry from the public performance of music and music videos. This is an increasing revenue source for record companies as the channels for getting music to the consumer expand.
Performance rights collections totalled $493 million in 2004 – up 4.5 per cent on 2003 and up 19 per cent over the past five years. IFPI estimates that potential revenues from the sector could more than double its current value over the next five years.
The figures include licensing income from webcasting and simulcasting as well as traditional radio and TV broadcasting, and public performance revenues from bars, hotels, nightclubs and restaurants.
Accelerated growth in digital sales: 2004 was a landmark year for the growth of digital services. Over 180 legitimate music download services were launched globally in 2004. There are now well over 300 sites in total, with at least 200 in Europe.
Music catalogue available on the major services doubled in 2004 to over one million tracks, while subscriber figures now top 2.2 million. Sales of digital music players continue to increase, spurring growth in online music. The launch of 3G services by major operators has given a boost to the download music to mobile market.
In addition, sales of physical product over the internet are growing rapidly reaching 15 per cent in Germany, 10 per cent in the UK and six per cent in the US. The internet was the fastest-growing retail channel for CD sales in 2004.
The report provides an overview of 65 countries across the world detailing for example: retail patterns, piracy levels, repertoire breakdown, top ten albums and music DVD charts. Music player penetration, per capita sales, sales by age and genre and many more interesting facts and statistics highlight differences between the markets as well as national and regional trends.
MUMBAI: Mumbai is about to witness something it has never seen before. The Global Youth Festival arrives on 6-7 December at Jio World Garden with 15,000 attendees and 60-plus experiences sprawled across six sprawling arenas. On its sixth edition, this is no ordinary jamboree—it is a carefully orchestrated collision of wellness, adventure, arts, music, yoga and social change.
Chief Minister of Maharashtra Devendra Fadnavis will throw open the proceedings with a landmark ceremony, signalling the state’s backing for a movement that has already mobilised youth across 20-plus countries and 170-plus cities. The sheer scale is staggering: 500-plus volunteers powering the machine, 600,000-plus volunteer hours logged across previous editions, and millions of lives touched annually.
The speaker roster is formidable. Diipa Büller-Khosla and Dipali Goenka, chief executive of Welspun India, will share the stage with Malaika Arora in conversations spanning leadership, creativity and culture. Union Minister for Sports and Youth Affairs Mansukhbhai Mandaviya will also attend, reinforcing GYF’s reach into the corridors of power.
But this is not mere talk. The Solaris Mainstage promises concerts from renowned Indian artists. Innerverse delivers a 360-degree LED spectacle of art, technology and sound. The Love and Care Arena houses hands-on projects spanning women’s empowerment, child education, rural upliftment and animal welfare. India’s largest outdoor sound-healing experience awaits. An inflatable obstacle course, neon drifter karts and open-sky bouldering cater to thrill-seekers.
Some have branded GYF the “Coachella of Consciousness.” Others call it “India’s Largest Sober Festival.” Spiritual visionary Pujya Gurudevshri Rakeshji, who inspired the festival, will deliver the Wisdom Masterclass. Every rupee goes to charity.
After Mumbai comes Kolkata on 14 December. New York looms next year. For one weekend in December, Mumbai becomes the epicentre of youth-driven change—and nothing will be quite the same after.
Tickets available on BookMyShow. Visit youthfestival.srmd.org or follow @globalyouthfestival on Instagram.
