The Philippines’ music industry continues to thrive, with streaming platforms leading the way as the biggest revenue generator, according to a new global report.
Data from the International Federation of the Phonographic Industry (IFPI) shows that the country’s recorded music revenue reached $88.3 million (~Php5.1 billion) in 2024, marking a 17.9% increase from the previous year. This growth rate is the second-fastest in Southeast Asia.
The Global Music Report 2025 revealed that streaming made up 91.6% of total earnings, contributing $80.9 million (~Php4.6 billion) — a 19.8% jump from 2023. Meanwhile, physical sales, including CDs and vinyl, continued to decline, accounting for just 0.3% of the market. Digital downloads and other formats also dropped by 4.2%, making up 6.7% of sales.
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However, newer revenue sources saw significant growth. Licensing for online content and video games, known as synchronization rights, surged by 52.9%. Performance rights revenue, supported by digital distribution and licensing systems, more than doubled.
The Intellectual Property Office of the Philippines (IPOPHL) is ramping up efforts to strengthen copyright protection and support artists in the digital space. IPOPHL Director General Brigitte M. da Costa Villaluz said technology plays a crucial role in helping Filipino musicians reach global audiences.
Source: IPOPHL