Japan generated over half a billion {dollars} from subscription music streaming in 2022

Now we have beforehand identified that 4 of the world’s 5 largest recorded music markets, specifically the USA, the UK, Germany and France, that are the primary, third, fourth and fifth largest respectively, take into account all music streaming as their major income generator.

In Japan, the world’s second largest recorded music market (in keeping with the IFPI), bodily music, and extra particularly CDs, stay the dominant format.

Streaming East is, nonetheless, starting to contribute considerably to the general market income pie, with income from subscription streaming in 2022 reaching 75.62 billion yen.

This quantity converts to US$575 million at common annual alternate charges (in keeping with the IRS), and represents a 19% income progress of paid music providers comparable to Spotify And Apple Music

That is in keeping with new statistics launched by the native commerce physique RIAJ (Recording Trade Affiliation of Japan), which reviews that general streaming income (together with ad-supported and subscription income) reached 92.8 billion yen ($705 million) in 2022, up 25% year-on-year (see under). under).

Digging deeper into RIAJ’s figures, income generated from ad-supported music streaming available in the market reached 5.99 billion yen (US$45 million), up 129% year-on-year.

Elsewhere, promoting income from music movies hit 6.5 billion yen ($49 million), reflecting 29% year-on-year progress.

Total, income generated from digital sources together with streaming (subscription and ad-supported plus downloads) in 2022 topped 100 billion yen for the primary time in 2022, up 17% YoY annual to achieve 105 billion yen ($798 million).

Elsewhere available in the market, regardless of the expansion of music streaming, CDs have been nonetheless essentially the most revenue-generating format in Japan in 2022.

Based on information from the RIAJ, income from CD gross sales in Japan exceeded 129.8 billion yen ($987 million) in 2022, up 5% year-on-year (see under).

When it comes to different bodily codecs, vinyl gross sales generated income of 4.336 billion yen (US$32.9 million) in 2022, up 11% year-on-year.

The music business all over the world