This report focuses on the European music market and its growth prospects up to 2025.
It highlights the role of European record labels as major supporters of music, investing in artists and fostering growth. Consumer engagement with paid streaming services is a key driver of growth in the music industry. The diversity of European homegrown talent contributes uniquely to the music scene, with opportunities for global success. Artificial Intelligence (AI) is identified as a significant factor shaping the future of music, with potential to amplify creativity if used properly. The report stresses the importance of strong AI regulation (AI Act) to protect creators' rights and ensure AI is used ethically in music. It calls for continued support of forward-thinking EU policies to protect artists, foster innovation, and maintain a competitive marketplace.