Indian Music Industry










HEADLINES:  
+  Text   -   

Indian Music Industry INDIAN MUSIC INDUSTRY AT A GLANCE IN 2014 - 2015 Indian Music Industry


India's recorded music business will nearly double over the next five years, bringing in an annual income of 18.9bn Indian Rupee (US $300m) in 2019.Then India would earn the 20th top position in the world music market then. KPMG's figures put India's music industry value for 2014 at 9.8bn Rupees ($155m). The music download revenues decreased by 24.8% in India in 2014, and the subscription streaming income for the music business was almost cut in half, down 42% from US $21.4m to $12.3m.

But then the revenue from paid-for platforms to free streaming services, were up 108.1% in value terms in 2014 according to the IFPI, to $22.72m. The Indian Music industry financial figures can be summarized as : 55% from digital music (downloads and streaming), 20% from physical, 10% from public performance and 20% from TV and Radio. According to IFPI data, physical made up 31% of total recorded music industry income in India in 2014, with digital making up 58%.


KPMG acknowledges that 2014 was a tough year for the music industry in India - thanks to a decline of around 30% in physical sales. KPMG notes that just 1%-2% of music is consumed by way of legal purchase in India, whereas 99% of the music consumption is still illegal.

2014-2015 Data
Music Industry size: Rs 960 crore
Contribution from various streams:
Physical sales - 10%
Mobile VAS - 40%
Internet (ex-mobile internet) - 25%
Broadcast (radio and TV) - 25%

Indian Music Industry  INDIAN music INDUSTRY AT A Glance IN 2013 - 2014

Indian Music Industry  INDIAN music INDUSTRY AT A Glance IN 2012 - 2013

Indian Music Industry  INDIAN music INDUSTRY AT A Glance IN 2011 - 2012

Indian Industry  back to music INDUSTRies