Report values global industry at $48bn. (the future issue).

The value of the global music industry hit $47.6bn in 2001, according to exclusive new research by Music Week.

The figures, which cover revenue streams including pre-recorded music sales, music publishing, ticket sales for live events, merchandising and event sponsorship, represent the first attempt to place a value on the global music universe.

Highlighting the size of the international music market despite the decline in pre-recorded music sales, they reflect the potential rewards for established music companies seeking to tap into new revenue streams in the face of falling CD sales. This is one of the key themes developed as part of this special Future Issue of MW, centring on examinations of the future economics of the music business, as well as radio, retail, formats and online issues (p4-9).

The global revenue statistics feature within the newly-published Music Week World Report 2003, which develops the brand first established 11 years ago by MBI and contains an extended mix of statistics, analysis and forecasts. As well as detailing each of the 40 largest territories, the 415-page report also offers in-depth sales forecasts for the next 10 years and coverage on each of the majors, the 40 largest independents plus chapters on music publishing, collection societies, retail and online and new media.

According to the report, sales of pre-recorded music accounted for 70% of the global industry revenue pie in 2001, with ticket sales for live events providing the second highest revenue source at around $6.5bn. Music publishing provided $4.6bn, with merchandising and admission to dance clubs adding $1bn each and sponsorship of concerts, tours and festivals hitting $500m.

The figures, which are based on a wide variety of existing ...