{"id":106070,"date":"2025-09-26T12:44:52","date_gmt":"2025-09-26T11:44:52","guid":{"rendered":"https:\/\/routenote.com\/blog\/?p=106070"},"modified":"2025-09-26T12:44:55","modified_gmt":"2025-09-26T11:44:55","slug":"ifpi-report-reveals-eu-music-industry-is-booming-with-9-1-growth","status":"publish","type":"post","link":"https:\/\/routenote.com\/blog\/ifpi-report-reveals-eu-music-industry-is-booming-with-9-1-growth\/","title":{"rendered":"IFPI report reveals EU music industry is booming with 9.1% growth"},"content":{"rendered":"\n

Paid streaming leads the charge as the EU outpaces the US, China, and Brazil in recorded music growth.<\/span><\/h2>\n\n\n\n

The EU\u2019s music market is thriving<\/h3>\n\n\n\n

The IFPI\u2019s second \u2018Music in the EU\u2019 report<\/a> has landed. The headline figure? The EU achieved \u20ac5.7 billion in recorded music revenues for 2024. That\u2019s a 9.1% year-on-year jump (from \u20ac5.2 billion). In fact, by value, the EU\u2019s growth of \u20ac470 million outpaced the combined gains of the US (\u20ac220m), China (\u20ac132m), and Brazil (\u20ac106m). That’s more than double of the US, and marks a strong year for the European Union\u2019s music industry.\u00a0<\/p>\n\n\n\n

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Image credits: IFPI<\/a><\/em><\/figcaption><\/figure><\/div>\n\n\n\n

A streaming-powered push<\/h3>\n\n\n\n

The main driver of EU\u2019s growth? Paid streaming subscriptions. According to the report, 77.4% of the EU\u2019s recorded music revenue growth came from paid music streaming. This comes during a period whereby streaming services have started to gradually increase their prices after years of keeping them still. Take Spotify, for example, who recently announced more price rises were coming to Europe<\/a>.<\/p>\n\n\n\n

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Image credits: IFPI<\/a><\/em><\/figcaption><\/figure><\/div>\n\n\n\n

While this growth is good news for streaming services, there\u2019s still opportunities for the EU\u2019s record music revenue to grow further. Streaming penetration sits at only 25%, which is lower than major markets like the US (52%) and the UK (46%). That means there\u2019s plenty of untapped potential for further streaming revenue growth in the EU.<\/p>\n\n\n\n

What the IFPI wants to see next<\/h3>\n\n\n\n

Towards the end of the report, the IFPI doubles down on policy recommendations to help power the future of the music industry in the EU.<\/p>\n\n\n\n

The main five points are:<\/p>\n\n\n\n

  1. Recognise music as central to Europe\u2019s culture and economy in policymaking decisions.<\/li>
  2. Protect the competitive marketplace and its existing free-marketing licensing framework.<\/li>
  3. Ensure AI development respects human creativity and complies with the EU\u2019s AI Act<\/a>.<\/li>
  4. Enforce laws, such as tackling piracy and streaming manipulation, to protect artists.<\/li>
  5. Strengthen copyright frameworks for a vibrant music ecosystem that\u2019s worth investment.\u00a0<\/li><\/ol>\n\n\n\n

    Of course, AI and copyright are a central focus. As AI gains more influence in the music industry, whether it\u2019s AI-generated tracks or artist deepfakes, ensuring transparency and upholding copyright law is key to addressing many of the challenges ahead.<\/p>\n\n\n\n

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    Deezer reports 28% of its streaming uploads are fully AI-generated<\/a><\/blockquote>