Digital transformation: Impact of postmodern society on the revenue structure of the global music industry

The aim of the paper is to analyse the structure and trends of income of the global music industry in the context of the impact of digital transformation and postmodern society on changes in the income structure. The paper analyses the music industry categories, trends and revenue structure, and the overall financial result of the global music industry. Basic research is focused on the analysis of the relationship between income from physical audio carriers in relation to other income categories. The analysis also includes a comparison of revenues from digitized forms of the music industry in order to determine their impact on the total revenues of the industry. The research results point to fundamental changes in the structure of income in the last few years, i.e. income from streaming has become a dominant part of total income. Total revenues fell continuously due to the decline in revenues from physical audio carriers. With the development of streaming platforms and changing habits of listening to music content, trends have been changed and total revenues have been continuously growing in the last eight years. Revenues from streaming and performance rights are continuously growing, which indicates fundamental changes in postmodern societies, i.e. a strong impact of changes in consumer habits on the revenue structure of the music industry.