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Oct 28, 2024 · In 2022, the music market grew by 8.12% and was valued at $834.23 million. Music consumption was also up with Canadians consuming 11.2% more music in 2022 compared to the previous year. Canadian music fans consumed approximately 93.2 million albums in total in 2022.
- Canada has a vibrant music scene and features many national and international record companies, live music venues, and music festivals. Canada has...
- Based on record sales and net worth, Celine Dion is the most popular Canadian musician. She has sold over 220 million records and is worth $800 mil...
- Much of Canada’s music industry, such as record production and distribution, is located in Ontario, making the province an ideal place for anyone w...
- Growth Rate and Industry Trends
- Global and Domestic Issues
- Government Support
- Industry Recognition
While COVID-19 significantly disrupted the live music industry, it has shown both resilience and newfound issues in a post-pandemic world. After two years of lows, 2022 and 2023 saw record highs fo...Looking at the Top 100 Tours, total ticket sales increased 18.4%, average tickets per show increased by 24.25% and notably average ticket prices increased 23.33% from 2022 to 2023.Examining venue types, all five (amphitheaters, arenas, clubs, stadiums, theatres) experienced double digit revenue growth from 2022 to 2023, with arenas and stadiums seeming 35% and 38% gains resp...While revenue records were being broken in 2022 and 2023, the costs of touring have increased. All facets of touring transportation, labour, insurance, production and venue costs have drastically r...The current economic climate is having wide ranging impacts on the music industry both domestically and abroad. In the past year, layoffs and restructuring have taken place throughout the global mu...Record labels haven’t been the only music companies that have been downsizing as of late, but more are joining the trend. In 2022, layoffs started to ripple through the tech industry and continued...The rise of artificial Intelligence and generative AI tools such as ChatGPT and Midjourney since 2022 has taken the digital world by storm. But AI technology has found it’s away into the world of m...In Canada, the federal government has been conducting consultations on AI and sought input from stakeholders regarding copyright policy. Many music industry trade organizations provided feedback in...At the federal level, support to the music industry comes through Canada Music Fund, whose individual and collective initiative streams are delivered through FACTOR in the Anglophone market, and Fo...Other public and private funding bodies offering support to the music industry include: Radio Starmaker (Fonds Radiostar), the Canada Council for the Arts, the SOCAN Foundation as well as the Ontar...The Ontario Music Investment Fund (OMIF) is a $7 million fund administered by Ontario Creates and designed to provide targeted economic development to the province’s vibrant and diverse music indus...In 2021-22, Ontario Creates launched the AcceleratiON program, whose objective is to invest in new and emerging Black- and Indigenous-owned music businesses that demonstrate high potential for econ...Ontario’s music industry produces a number of critically acclaimed and best-selling artists, labels, and events. 1. Ontario artists were well-represented at the 2024 JUNO Awards, which were held in Halifax, Nova Scotia. Over 40% of the JUNO winners in 2024 were based in Ontario - including multiple award winners Aysanabee, The Beaches and Tobi. Oth...
Jan 15, 2023 · Add everything together and Canadians consumed 11.2 per cent more music in 2022 than we did in 2021. Story continues below advertisement Breaking that down further, we consumed 93.2 million albums.
Oct 8, 2024 · Although music album sales dropped from 29.3 million units in 2013 to just 17.5 million in 2017, total music market revenue has increased by over 100 million Canadian dollars in the same time frame.
Mar 21, 2023 · The USA & Canada region – the world’s largest in revenue terms – grew by 5.0% in 2022; The world’s single biggest market, the USA, grew by 4.8% – exceeding US$10 billion for the first time – and Canadian recorded music revenues increased by 8.1%. ENDS. Notes to editors:
Jan 19, 2023 · Overall, streaming continued to grow in 2022, with Canadian on-demand audio streams hitting the one 100B mark for the first time in a single year (accomplished in late November). Physical sales continue to decline, including vinyl although the net dollars generated from the LP must certainly have spiked, with the average retail cost now hitting $36 in store-fronts and at online retailers.
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Mar 22, 2022 · Canada’s music market grew by 12.6% in 2021, to a total of US$583.6 Million, making it the 8th largest market in the world. Canada’s growth was driven by an 18% increase in streaming, which includes a 15.6% increase in paid subscription streaming, and 29.1% and 28.2% gains in ad-supported audio streaming and ad-supported video streaming, respectively.
