The recent 10th Music Industry Forum 2025 held in Beijing on June 6 unveiled the 2025 China Music Industry Development Annual Report. This report reveals that China’s music industry is expected to achieve a remarkable total scale of approximately 492.915 billion yuan (around $68.57 billion) by 2024, marking a healthy growth of 4.97 percent from the previous year. This positive trend indicates a rebound from earlier challenges and a shift towards stable development.
Despite facing economic uncertainties and external risks, the report highlights that the sector has successfully leveraged cultural creativity and technological innovations for industrial upgrades. With a consistent growth rate hovering around 5 percent, the industry is on a path of steady evolution, although it continues to encounter structural opportunities and challenges. The outlook is optimistic, anticipating a new phase characterized by intelligent and high-quality growth as technological advancements continue.
Noteworthy is the live music performance segment, which has soared to 38.733 billion yuan, exhibiting an astonishing growth rate of 46.61 percent—the fastest across all categories. Digital music remains the largest segment at 102.746 billion yuan, accounting for about 20.8 percent of the total industry, with a steady growth rate of 15 percent. Additionally, the market for music associated with films, gaming, and animation has reached 965 million yuan, growing at 15.16 percent, showcasing the close ties between music and other entertainment forms.
Compiled by Zhao Zhi’an and his research team at the Communication University of China, this annual report has been consistently published since 2014, contributing valuable insights into the evolution of the music landscape in China.
Source: news.cgtn.com
