On June 6, Beijing hosted the 10th Music Industry Forum 2025, where industry leaders unveiled the 2025 Chinese Mainland Music Industry Development Annual Report. The report reveals that in 2024, the total scale of the Chinese mainland's music industry reached approximately 492.915 billion yuan (about $68.57 billion), marking a 4.97% rise from the previous year. This near 5% bump signals the sector’s rebound from a challenging period and its entry into a phase of stable growth.
Despite downward economic pressures and external risks, the industry has leaned into cultural creativity and tech innovation to tap domestic demand. From AI-driven production tools to immersive streaming platforms, music makers and platforms are rolling out fresh experiences that resonate with a digitally savvy audience.
Data shows the sector is not only growing but also transforming. Accelerated digital adoption, smarter distribution networks and deeper structural adjustments point to a future of intelligent, high-quality development. Yet, opportunities and challenges coexist: as the market expands, stakeholders will need to navigate evolving consumer tastes, regulatory shifts and global competition.
For entrepreneurs and tech enthusiasts, the near-500B yuan milestone highlights fertile ground for startups in music tech. Thought leaders can draw inspiration from this fusion of creativity and innovation, while global music fans can look forward to richer, more immersive experiences. As the Chinese mainland's music scene hits this new high, the next chapter promises fresh beats at the intersection of culture and technology.
Reference(s):
Report: China's 2024 music industry close to 500 billion yuan
cgtn.com
