The recorded music industry in Brazil has continued its strong growth. First, in the first half of 2024, revenues from streams and sales increased 21% to $256.4 million at current exchange rates. For the very first time, streaming comprised a huge 99.2% of those revenues, a true indication of its leading position.
Pro-Música Brasil, the national industry body, said that streaming subscriptions rose by 28.4% to $177.2m, accounting for nearly 70% of the total market. Revenues from ad-supported streaming grew by 6.6% at $77.6m. Paid streaming subscriptions-accelerating by 21.9% in 2023-is a more relevant statistic to rightsholders and underlines how one of the industry's most promising markets is continuing to grow.
According to the President of Pro-Música Brasil, Paulo Rosa, such a 21% growth in digital and physical revenues fully expresses the great investment the record labels have made in producing national music and actions of marketing and promotion of Brazilian artists.
These solid half-year figures land amidst a dynamic period for the Brazilian music industry, which has been full of strategic moves and developments lately. In July, Warner Music Brazil invested in local digital service provider and distributor Sua Música, while Spotify announced its biggest concert yet in São Paulo.
Recent growth has brought into question the future positioning of both Brazil and Mexico in global recorded music market rankings. Last year, Brazil finished in ninth and Mexico in eleventh place. If such growth continues, 2024 may well be the year both Latin American countries secure their positions in the IFPI top 10. But given that rapid growth may well see China leapfrog Germany as the world's fourth-largest music market, these movements reveal much about the shifting global shape of the music market.
Investing In Global Music Hits
Royalty Exchange is revolutionizing the music industry by allowing fans to invest directly in music catalogs and song royalties from some of the biggest artists in the world. This platform allows artists, producers, and songwriters to auction a portion of their music royalties to raise funds, offering fans and investors a unique opportunity to earn income from their favorite songs. This is quickly becoming one of the best passive income investment ideas of 2024.
On Royalty Exchange you can buy music catalogs from global hit records from Latin America to Korea and more. K-pop fans should definitely check out this Royalty Exchange catalog that features seven tracks, including NCT 127's "Kick It," and Everglow's "Looking For Love". There’s a lot of potential ROI from this offer.
The seller purchased the catalog in October 2023 for only $30,500 and has already received over $10,000 in under a year in royalty earnings! That's a total yield of 32% in just 10 months. The best part about this catalog in particular is that it's still growing in earnings thanks to increased consumption on streaming and streaming video platforms. The past 12 months earnings are 33% greater than the 3 year average which is phenomenal growth.
New to Music Royalties Investing?
The earnings from this catalog are extremely stable so in time of economic and market uncertainty, investors are finding music royalties to be amazing passive income investments. If you are looking for one of the best passive income ideas, look no further than music royalty investing.
We’ve prepared this guide on Royalty Investing Made Easy to help you out if you want to get started investing in music royalty catalogs.
At Royalty Exchange, you can choose from thousands of the most popular songs to invest in. There are a ton of legendary pop catalogs from artists such as Rihanna, SZA, even Miley Cyrus just to name a few. We offer hundreds of catalogs that are up for auction today, so sign up as an investor to get started.
Discover why so many investors today are actively searching for the next best music catalog investment deals.
