Opens in a new tab

Breaking news

Global Recorded Music Revenue Seen Reaching $48.3 Billion In 2026

Global recorded-music retail sales are projected to reach $48.3 billion in 2026, marking a 12th consecutive year of growth, according to forecasts from research firm Omdia.

Streaming Remains The Main Growth Driver

Omdia expects the market to surpass $50 billion in 2027 before reaching $56.8 billion by 2030.

The forecast covers consumer spending on physical and digital music formats and services, as well as trade revenue from advertising, performance rights and synchronisation.

Subscription services, including Spotify, Apple Music and YouTube Music, are expected to remain the industry’s main source of growth. Subscription retail sales are projected to increase 7.2% to $30.5 billion in 2026 from $28.4 billion a year earlier and exceed $37 billion by 2030.

Physical Sales Continue To Grow

Advertising revenue is forecast to outpace physical music sales over the next five years, with compound annual growth rates of 4.3% and 3.4%, respectively.

Despite slower growth, physical formats are expected to remain the second-largest source of recorded-music revenue. Sales are projected to reach $8.3 billion by 2030, while combined audio and video advertising revenue is forecast to rise to $6.2 billion.

China Climbs The Global Rankings

China is expected to become the world’s second-largest recorded-music market by 2029 after overtaking the UK in 2028 and Japan a year later.

By 2030, the country is projected to account for 8.7% of global recorded-music retail revenue, up from 5.8% in 2025. The United States is expected to remain the largest market, although its share of global sales is forecast to decline from 40.3% to 38.4% over the same period.

Outlook

Simon Dyson, senior principal analyst at Omdia, said the forecasts point to continued momentum for the industry, with global retail sales expected to reach new record highs over the next five years.

He added that China becoming the world’s second-largest music market would mark a significant milestone, reflecting its growing contribution to the global music industry.

Europe’s Deadly Summer Heat Exposed The Cost Of A Warming Continent

Europe experienced its deadliest summer for heat-related deaths on record in 2026, with an estimated 24,400 excess deaths linked to extreme temperatures across 30 countries. Researchers estimate that human-induced climate change was responsible for around 32,000 of the deaths attributed to heat in the study’s broader analysis, accounting for 65% of the total.

The findings highlight the growing public-health consequences of global warming, largely driven by fossil fuel use, as extreme heat becomes more frequent and severe.

A Summer Of Dangerous Heat

Between June and August, heatwaves pushed temperatures in Western Europe to an average of 2.9°C above the 1991–2020 norm, with some days reaching 12°C above average. Nearly a third of estimated heat-related deaths occurred during a particularly intense heatwave between 17 June and 1 July.

“These numbers are a stark reminder that our hotter, more extreme summers are having an increasingly severe impact on public health,” said Dr Clair Barnes, a researcher at Imperial College London and co-author of the study.

The estimated toll exceeded previous peaks of around 29,000 deaths in summer 2022 and 28,000 in 2003 across the region studied.

How Researchers Estimated The Toll

Researchers modelled the relationship between temperature and mortality across 854 urban areas in the EU, UK, Norway and Switzerland, covering around 40% of the population in the 30 countries studied.

The analysis incorporated temperature records, age, socioeconomic conditions, environmental factors and access to healthcare. By comparing actual temperatures with those expected without human-induced warming, the team estimated the additional deaths attributable to climate change.

Final official mortality figures for summer 2026 are not yet available in many countries, and heat-related deaths are often underreported because their effects can be difficult to identify directly.

Older People Face The Greatest Risk

People aged 85 and over accounted for roughly half of the estimated deaths. However, the impact extended across age groups, with around 800 excess deaths among adults aged 20–44 and approximately 6,000 among people under 65.

Southern Europe experienced the highest mortality burden, reflecting hotter temperatures and other vulnerabilities, including air pollution, limited green space and unequal access to healthcare and heat-alert systems.

Italy, France And Spain Record Highest Toll

Italy recorded an estimated 13,303 heat-related excess deaths, followed by France with 7,268 and Spain with 6,824. Germany recorded around 6,340, while the UK saw an estimated 4,354 deaths.

In the UK, the heat also placed significant pressure on healthcare services. Andrew Hartle, Professor of Practice of Anaesthesia at Imperial College Healthcare, said demand during the summer resembled that of a severe winter virus season.

Cities Urged To Strengthen Heat Protection

Researchers say cities can reduce the risks through climate shelters, external shading and building retrofits, alongside measures to help residents avoid exposure during the hottest hours. Checking on vulnerable people, staying hydrated and following heat alerts are also important.

The researchers stress that adaptation must go hand in hand with reducing fossil fuel use to limit further warming. The findings underline that extreme heat is already a major public-health threat across Europe, with thousands of lives at risk each summer.

Aretilaw firm
Uol
The Future Forbes Realty Global Properties
eCredo

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter