The IFPI (The International Federation of the Phonographic Industry) is the organization that represents the interests of the recording industry worldwide. It is a non-profit members’ organization registered in Switzerland and founded in Italy in 1933. The IFPI released its 2019 report of the State of the Music Industry.
What does this have to do with the wedding industry? Well, it tells us what music people are consuming most and how they are consuming it. For example, the music industry saw a 10.1% decrease in physical music sales (for example CDs and Records). Revenues from downloaded music declined by 21%. However, revenue from streaming increased by 34%. This tells us that the trend is to stream music with a monthly fee instead of owning song by song or album by album.
According to the report, the Top 10 Global Artists of 2018:
- Ed Sheeran
- Post Malone
- Imagine Dragons
- Ariana Grande
- Lady Gaga
- Bruno Mars
Planning a wedding playlist? You may want to start with the list above or the list below!
According to the report, the Top 10 Singles of 2018:
- Camila Cabello feat. Young Thug – Havana
- Drake – God’s Plan
- Ed Sheeran – Shape of You
- Ed Sheeran – Perfect
- Maroon 5 feat. Cardi B – Girls Like You
- Luis Fonsi feat. Daddy Yankee – Despacito
- Tia Ray – Be Apart
- The Chainsmokers & Coldplay – Something Just Like This
- Marshmello & Anne-Marie – FRIENDS
- Post Malone feat. Ty Dolla $ign – Psycho
According to the report, the Top Artist Albums:
- The cast of ‘The Greatest Showman’ – The Greatest Showman
- BTS – Love Yourself ‘Answer’
- BTS – Love Yourself ‘Tear’
- Lady Gaga – A Star Is Born
- Johnny Hallyday – Mon Pays C’est L’amour
- Ed Sheeran – Divide
- Queen – Bohemian Rhapsody
- P!nk – Beautiful Trauma
- Eminem – Kamikaze
- The cast of ‘Mamma Mia! – Here We Go Again’ Mamma Mia! Here We Go Again
What are the Top 5 2018 Music Markets?
What is another fun fact is in the report?
Global recorded music revenues totaled US$19.1 billion in 2018, a 9.7% increase over 2017.
Click here to read the complete IFPI Global Music Report 2019.
Other similar articles to read:
- The impact of wedding music
- Top 40 Wedding Songs Of 2019
- Anniversary Songs For 2019 10th, 20th, 30th, 40th, 50th Celebrations