European Music Revenues Surge Amid Streaming Growth: Insights for Ireland
The European Union’s recorded music industry has seen a robust growth trajectory, according to a recent report from the International Federation of the Phonographic Industry (IFPI). During 2025, revenue across the EU increased by 5.1%, reaching €6 billion. This growth was largely driven by a rise in streaming subscribers and subscription costs, despite declines in other revenue streams.
The report highlighted a €293m year-on-year increase in EU recorded music revenues, which now represent 21.3% of the global music revenue. Notably, nine of the world’s top 20 recorded music markets are within the EU.
Streaming emerged as the powerhouse behind this surge, contributing an additional €220m in revenue. Physical media sales also managed a modest increase, up by €58m. Conversely, downloads, synchronisation, and performance rights revenues experienced declines of €8m, €3m, and €23m, respectively.
In Ireland, the streaming sector flourished, with revenues growing by an impressive 7.3%. Across Europe, approximately 27% of people are paid music streaming subscribers, trailing behind the UK and the US, where subscription rates are 47% and 54%, respectively.
Irish Artists on the Rise
Warner Music Ireland’s managing director, Priscilla Kotey, remarked on the significant increase in market share for Irish artists. “The ability of Irish artists to make an impact on platforms like Spotify has been a game-changer,” she said. Kotey noted a cultural shift, with Irish music gaining unprecedented local support.
Irish Recorded Music Association (IRMA) chairman Willie Kavanagh echoed this sentiment, emphasising the importance of supporting homegrown talent. “Ireland’s growth in streaming revenue surpasses the EU average, reflecting a palpable shift towards local artists,” Kavanagh stated.
EU Support for the Music Industry Amid Technological Change
The IFPI report also urged EU institutions to enhance implementation and enforcement of existing protections to support creative industries amidst rapid technological changes. The focus includes responsible AI innovation and ensuring musicians can exercise their rights effectively.
The report stressed the need for “meaningful transparency” from AI companies in the music sector. Ensuring transparency in AI inputs and outputs is seen as vital for a functional licensing market, allowing creators to be fairly compensated.
As Ireland navigates these evolutions, the focus will be on balancing growth with regulatory frameworks to further bolster the burgeoning local music scene.
Source: Irish Examiner
