{"id":37786,"date":"2018-07-02T10:50:59","date_gmt":"2018-07-02T10:50:59","guid":{"rendered":"https:\/\/ecommercechinaagency.com\/?p=37786"},"modified":"2021-06-16T10:15:45","modified_gmt":"2021-06-16T10:15:45","slug":"chinese-music-market-digitalization","status":"publish","type":"post","link":"https:\/\/ecommercechinaagency.com\/chinese-music-market-digitalization\/","title":{"rendered":"Breakthrough the Chinese Music Market\u2019s Digitalization"},"content":{"rendered":"<h2><span style=\"color: #000000;\">Summary of the Key figures for 2017<\/span><\/h2>\n<ul>\n<li><span style=\"color: #000000;\">Global revenue growth: +8.1%<\/span><\/li>\n<li><span style=\"color: #000000;\">Digital share of global revenues: 54%<\/span><\/li>\n<li><span style=\"color: #000000;\">Digital revenue growth: +19.1%<\/span><\/li>\n<li><span style=\"color: #000000;\">Growth in streaming revenues: +41.1%<\/span><\/li>\n<li><span style=\"color: #000000;\">Physical revenues: -5.4%<\/span><\/li>\n<li><span style=\"color: #000000;\">Download revenue: -20.5%<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">Source : <a style=\"color: #000000;\" href=\"http:\/\/www.ifpi.org\/dl\/?url=http:\/\/www.ifpi.org\/downloads\/GMR2018.pdf\" target=\"_blank\" rel=\"noopener\">International Recording Industry Association (IFIP) Global Music Report 2018<\/a><\/span><\/p>\n<h3><span style=\"color: #000000;\">History of the music industry<\/span><\/h3>\n<p><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"https:\/\/ecommercechinaagency.com\/wp-content\/uploads\/2017\/07\/internet-marketing-Chine.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-28684 aligncenter\" src=\"https:\/\/ecommercechinaagency.com\/wp-content\/uploads\/2017\/07\/internet-marketing-Chine.jpg\" alt=\"\" width=\"437\" height=\"300\" srcset=\"https:\/\/ecommercechinaagency.com\/wp-content\/uploads\/2017\/07\/internet-marketing-Chine.jpg 437w, https:\/\/ecommercechinaagency.com\/wp-content\/uploads\/2017\/07\/internet-marketing-Chine-300x206.jpg 300w\" sizes=\"auto, (max-width: 437px) 100vw, 437px\" \/><\/a><\/span><\/p>\n<p><span style=\"color: #000000;\">At the beginning of the music industry\u2019s digitalization, numerous record label and brick-and-mortar record store suffered or in the worst-case closed. Consumers got an easier access to songs and they have also many way to produce and upload their creation. In addition, it was hard to track the music industry\u2019s growth.<\/span><\/p>\n<p><span style=\"color: #000000;\">In China, where the culture of paying for music is still undeveloped as this topic hasn\u2019t been discussed a lot, the progress is slow. The piracy represented also a matter for long time. However, in recent years consumers seem to be gradually accustomated with subscription or digital album purchases.<\/span><\/p>\n<p><span style=\"color: #000000;\">In 2014, the market increased in value by 5.6%, its first growth after 15 years of significant revenue decline in the global market. This increase is helped by streaming revenues, creating great hopes for the future development in this industry as labels and services roll out initiatives to establish a paid model for music.<\/span><\/p>\n<p><span style=\"color: #000000;\">In 2017, according to the IFPI\u2019s Global Music Report 2018, the market grew by 8,1%, showing total revenues of US$ 17.3 billion. Its third consecutive year of growth. Frances Moores, chief executive of <a style=\"color: #000000;\" href=\"http:\/\/www.ifpi.org\/our-world.php\" target=\"_blank\" rel=\"noopener\">IFPI<\/a>\u00a0said \u201cIt&#8217;s been another incredibly exciting year for music. The work and investment from record companies is enabling brilliant, diverse artists to break through to fans around the world, soundtracking their lives and bringing them increasingly rich and immersive ways to enjoy the music they love\u201d.<\/span><\/p>\n<p><span style=\"color: #000000;\">However, \u201cthe race is far from won\u201d. Moore explained: \u201cRecord companies are continuing in their efforts to put the industry back onto a stable path and, to that end, we are continuing our campaign to fix the value gap. This is not just essential for music to thrive in today\u2019s global market, but to create the right \u2013 fair \u2013 environment for it to do so in the future.<\/span><\/p>\n<h2><span style=\"color: #000000;\">Digitalization is saving music industry<\/span><\/h2>\n<h3><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"https:\/\/ecommercechinaagency.com\/wp-content\/uploads\/2018\/06\/Sans-titre1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-37790\" src=\"https:\/\/ecommercechinaagency.com\/wp-content\/uploads\/2018\/06\/Sans-titre1.png\" alt=\"\" width=\"800\" height=\"458\" srcset=\"https:\/\/ecommercechinaagency.com\/wp-content\/uploads\/2018\/06\/Sans-titre1.png 942w, https:\/\/ecommercechinaagency.com\/wp-content\/uploads\/2018\/06\/Sans-titre1-300x172.png 300w, https:\/\/ecommercechinaagency.com\/wp-content\/uploads\/2018\/06\/Sans-titre1-768x439.png 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><\/span><span style=\"color: #000000;\">Digital represented 54% of Music Global revenues in 2017<\/span><\/h3>\n<p><span style=\"color: #000000;\">The consumption behavior has changed a lot in this market, some physical supports are on the way out or to became only using by the minority of the population. Not only artists but the <a style=\"color: #000000;\" href=\"\/wechat-new-luxury-digital-trend-china\/\">digital innovations and tools<\/a>\u00a0are enriching the experience of music fans all over the world.<\/span><\/p>\n<p><span style=\"color: #000000;\">This digital growth was driven by streaming revenues growth (+41,1%). Record companies have also worked to foster growth in the system to deliver, manage and track the global distribution of music. Multiples services and platforms allow fans to access and discover new music.<\/span><\/p>\n<p><span style=\"color: #000000;\">While now consumers have access more easily to listen music, as we said before, they are also gradually accepting to pay for it. The digitalization has an indirect effect, the one to bring and share information widely. Consumers became more educated with musician\u2019s right and intellectual property matter which is pushing them to pay more attention and to be more indulgent with music purchases. The download revenue decreased by 20,5% in 2017.<\/span><\/p>\n<h3><span style=\"color: #000000;\">Success of Katy Perry\u2019s latest album \u201cWitness\u201d online<\/span><\/h3>\n<p><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"https:\/\/ecommercechinaagency.com\/wp-content\/uploads\/2018\/06\/music-katy-album.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-37789 aligncenter\" src=\"https:\/\/ecommercechinaagency.com\/wp-content\/uploads\/2018\/06\/music-katy-album.jpg\" alt=\"\" width=\"169\" height=\"300\" srcset=\"https:\/\/ecommercechinaagency.com\/wp-content\/uploads\/2018\/06\/music-katy-album.jpg 315w, https:\/\/ecommercechinaagency.com\/wp-content\/uploads\/2018\/06\/music-katy-album-169x300.jpg 169w\" sizes=\"auto, (max-width: 169px) 100vw, 169px\" \/><\/a><\/span><\/p>\n<p><span style=\"color: #000000;\">Katy Perry\u2019s new album &#8220;witness&#8221;, went live on NetEase cloud music (\u7f51\u6613\u4e91\u97f3\u4e50) and other music platforms, priced at 20 yuan\/record. Otherwise, there is also the possibility to purchase a single, priced at 2 yuan each one. After 10 days on the line, \u201cwitness\u201d has already sold more than 550,000 songs just on NetEase cloud music, and the results are pleasurable.<\/span><\/p>\n<h3><span style=\"color: #000000;\">Players on Digital music market<\/span><\/h3>\n<p><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"https:\/\/ecommercechinaagency.com\/wp-content\/uploads\/2018\/06\/music-app.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-37787\" src=\"https:\/\/ecommercechinaagency.com\/wp-content\/uploads\/2018\/06\/music-app.jpg\" alt=\"\" width=\"800\" height=\"498\" srcset=\"https:\/\/ecommercechinaagency.com\/wp-content\/uploads\/2018\/06\/music-app.jpg 456w, https:\/\/ecommercechinaagency.com\/wp-content\/uploads\/2018\/06\/music-app-300x187.jpg 300w, https:\/\/ecommercechinaagency.com\/wp-content\/uploads\/2018\/06\/music-app-400x250.jpg 400w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><\/span><\/p>\n<p><span style=\"color: #000000;\">The &#8220;2018 Global Music Report&#8221; pointed out also that the income of the Chinese music market has increased by 35.3%, two times higher than last year, ranking among the top ten in the world for the first time.<\/span><\/p>\n<p><span style=\"color: #000000;\">In China, three major internet companies: <a style=\"color: #000000;\" href=\"\/alibaba-revenue-growth-increased\/\">Alibaba<\/a>, CMC (China Music Corporation) and Tencent have made several acquisitions to dominate digital music distribution. They also work with major recording companies such as Sony and Warner. Stu Bergen, president of Warner Recorded Music says: \u201cOur partnership with Tencent is aimed at harnessing the incredible demand for music in one of the world\u2019s most rapidly changing territories. Together we can help create a sustainable, legitimate music ecosystem that encourages artistry and entrepreneurial investment.\u201d<\/span><\/p>\n<p><span style=\"color: #000000;\">With Alibaba backing the XiaMi internet portal and CMC-Tencent operating the Kuwo and Kugou music services, consumer\u2019s main choices to listen music, the music distribution is a bit centralized in China. In a strategic side, to be present on these platforms, you could reach your target music fans consumers.<\/span><\/p>\n<p><span style=\"color: #000000;\">China\u2019s music industry is at an evolution stage where there is a lot of thing to develop. Despite the recent uplift, revenues for 2017 are still only 68.4% of the market&#8217;s peak in 1999. The digitalization hasn\u2019t spread out all its potential. Music have always been in Chinese people daily life.<\/span><\/p>\n<h2><span style=\"color: #000000;\">Want to be part of China\u2019s music market ?<\/span><\/h2>\n<p><a href=\"https:\/\/ecommercechinaagency.com\/wp-content\/uploads\/2015\/01\/Digital-Marketing-Agency-China.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-5763\" src=\"https:\/\/ecommercechinaagency.com\/wp-content\/uploads\/2015\/01\/Digital-Marketing-Agency-China.jpg\" alt=\"\" width=\"808\" height=\"601\" srcset=\"https:\/\/ecommercechinaagency.com\/wp-content\/uploads\/2015\/01\/Digital-Marketing-Agency-China.jpg 808w, https:\/\/ecommercechinaagency.com\/wp-content\/uploads\/2015\/01\/Digital-Marketing-Agency-China-300x223.jpg 300w, https:\/\/ecommercechinaagency.com\/wp-content\/uploads\/2015\/01\/Digital-Marketing-Agency-China-768x571.jpg 768w\" sizes=\"auto, (max-width: 808px) 100vw, 808px\" \/><\/a><\/p>\n<p><span style=\"color: #000000;\">Whether you want to sell products, to provide services, to do career here, you may need more information about the industry or Chinese consumer\u2019s habits.<\/span><\/p>\n<p><span style=\"color: #000000;\">GMA is specialized on the digital marketing in China. Our agency offers a complete range of service for marketers from consulting to digital marketing operations. We have developed\u00a0many successful\u00a0projects\u00a0because we know how to effectively\u00a0promote your business in China by using the latest digital tools. More information on our services <a style=\"color: #000000;\" href=\"\/pr-influencer-online-reputation-company-china\/\">here<\/a>.<\/span><\/p>\n<p><span style=\"color: #000000;\">Do not hesitate to contact us for further information.<\/span><\/p>\n<p><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"https:\/\/ecommercechinaagency.com\/wp-content\/uploads\/2018\/05\/\u5fae\u4fe1\u56fe\u7247_20180425145606.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-37626 aligncenter\" src=\"https:\/\/ecommercechinaagency.com\/wp-content\/uploads\/2018\/05\/\u5fae\u4fe1\u56fe\u7247_20180425145606.jpg\" alt=\"\" width=\"229\" height=\"229\" srcset=\"https:\/\/ecommercechinaagency.com\/wp-content\/uploads\/2018\/05\/\u5fae\u4fe1\u56fe\u7247_20180425145606.jpg 500w, https:\/\/ecommercechinaagency.com\/wp-content\/uploads\/2018\/05\/\u5fae\u4fe1\u56fe\u7247_20180425145606-150x150.jpg 150w, https:\/\/ecommercechinaagency.com\/wp-content\/uploads\/2018\/05\/\u5fae\u4fe1\u56fe\u7247_20180425145606-300x300.jpg 300w\" sizes=\"auto, (max-width: 229px) 100vw, 229px\" \/><\/a><\/span><\/p>\n<p><span style=\"color: #000000;\">Read also :<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"\/business-opportunities-china\/\">What are the business opportunities in China ?\u00a0<\/a><\/span><\/li>\n<li><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"\/douyin-trendy-app\/\">Douyin the trendy app in China\u00a0<\/a><\/span><\/li>\n<li><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"\/blog\/\">What you must know about e-commerce in China\u00a0<\/a><\/span><\/li>\n<\/ul>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;3.0.106&#8243; background_layout=&#8221;light&#8221;]<\/p>\n<p>China\u2019s music market remains with enormous untapped potential. Its huge online user base (more than 75% of Chinese listens to music) and growing number of licensed digital services are driving the market development. Technology giants like Alibaba and Tencent Co. also try to get benefits from their music &amp; entertainment apps, chasing after latest music market trends new consumers\u2019 habits.<\/p>\n<p>This article will give you an overview of the music market in China. How digitalization took the ground and is \u201csaving\u201d the music industry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Summary of the Key figures for 2017 Global revenue growth: +8.1% Digital share of global revenues: 54% Digital revenue growth: +19.1% Growth in streaming revenues: +41.1% Physical revenues: -5.4% Download revenue: -20.5% Source : International Recording Industry Association (IFIP) Global Music Report 2018 History of the music industry At the beginning of the music industry\u2019s&#8230;<\/p>\n","protected":false},"author":1,"featured_media":37788,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[48,590],"tags":[],"class_list":["post-37786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","category-sectors"],"acf":[],"_links":{"self":[{"href":"https:\/\/ecommercechinaagency.com\/wp-json\/wp\/v2\/posts\/37786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ecommercechinaagency.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ecommercechinaagency.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ecommercechinaagency.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ecommercechinaagency.com\/wp-json\/wp\/v2\/comments?post=37786"}],"version-history":[{"count":3,"href":"https:\/\/ecommercechinaagency.com\/wp-json\/wp\/v2\/posts\/37786\/revisions"}],"predecessor-version":[{"id":42504,"href":"https:\/\/ecommercechinaagency.com\/wp-json\/wp\/v2\/posts\/37786\/revisions\/42504"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ecommercechinaagency.com\/wp-json\/wp\/v2\/media\/37788"}],"wp:attachment":[{"href":"https:\/\/ecommercechinaagency.com\/wp-json\/wp\/v2\/media?parent=37786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ecommercechinaagency.com\/wp-json\/wp\/v2\/categories?post=37786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ecommercechinaagency.com\/wp-json\/wp\/v2\/tags?post=37786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}