overall increased, reaching more than 5.4 billion Norwegian kroner in 2019. In 2020, the industry saw a sharp decline, likely related to the coronavirus pandemic of 2020, reaching 3.5 billion kroner from which the industry has not yet recovered.
in 2021, at 37 percent. Most of the concert revenue came from
. While the live music revenue and share of Norwegians visiting a concert, music festival or other live music event had increased significantly over the years leading up to 2020, those numbers experienced a sharp decrease in 2020 and 2021 due to the cancellation of most in-person events to stop the spread of the coronavirus.
Record labels in Norway
The Norwegian music market might not be as big as the ones of the major European markets such as the United Kingdom, however; it still plays an important part within the Nordic region.
As in most music markets, record labels play an important role in distribution music and promoting artists. Especially the largest music companies, such as
Sony Music Entertainment Norway As or Universal Music AS, have used the last couple of years to increase their revenue.
This rise is also reflected in the increase in
recorded music industry revenue generated in Norway, which reached over one billion Norwegian Kroner in 2021. While revenues from copyright royalties make up a big part of the revenue, the income is mostly earned through
performance rights as well as broadcasting of music, while online and streaming only play a minor role in comparison.
Norwegian music consumers
While the Norwegian music market might not be the biggest one, music surely plays an important role for Norwegians. In 2022,
men listened to music for an average of 115 minutes while women averaged 113 minutes. Among the Norwegian population, music was especially
popular among 16- to 25-year-olds, who spend 164 minutes listening to music on a daily basis. Music is increasingly consumed digitally, for example via smartphones, and less through physical mediums such as CDs. However, among older generations,
CDs are still an important format of consumption.
This text provides general information. Statista assumes no
liability for the information given being complete or correct.
Due to varying update cycles, statistics can display more up-to-date
data than referenced in the text.
