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Founded | 28 February 1936 |
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Location | |
Key people | Blaise Fernandes, President & CEO |
Website | indianmi.org |
The Indian Music Industry (IMI) is a trust that represents the recording industry distributors in India. It was founded on 28 February 1936, as Indian Phonographic Industry (IPI). It is the 2nd oldest music industry organisation in the world that was involved in protecting copyrights of music producers and supporting growth of music entertainment industry. In 1994, it was renamed as Indian Music Industry (IMI) and represented India at the International Federation of the Phonographic Industry (IFPI). It is also registered with the West Bengal Societies Registration Act. All major music labels in India are part of this association.
IMI has its registered office in Kolkata and Administrative office in Mumbai. It also has offices in New Delhi, Chennai, Bangalore, Hyderabad and other major Indian cities working on the protection of rights of music producers and preventing music piracy. It has also been instrumental in launching the IMMIES music awards in collaboration with MTV.
The Indian music industry is largely dominated by Indian film soundtracks, which account for nearly 80% of the country's music revenue, followed by Indi-pop. [1] [2] As of 2014, the largest Indian music record label is T-Series with up to 35% share of the Indian market, followed by Sony Music India (the largest foreign-owned label) with up to 25% share, and then Zee Music Company (which has a partnership with Sony). [3] As of 2017, 216 million Indians use music streaming services such as YouTube, Hungama, Gaana and JioSaavn. [4] T-Series has the world's most-viewed and the second most-subscribed YouTube channel.
The industry was dominated by cassette tapes in the 1980s and 1990s. [1] In 1990, India had annual cassette sales of 180 million units, including both legitimate and pirate sales. This made it the world's second largest cassette market, after the United States. [5] By 1998, the industry had annual earnings of ₹12 billion [6] ($291 million). [7]
In the early 2000s, 49 million cassettes (including 16 million pirate tapes) were sold every month. [8] Later in the 2000s, the industry transitioned to online streaming, bypassing CD and digital downloads. [1]
The Indian Music Industry has constituted different, awards to encourage and promote music. The approved scheme of gold/platinum disc standards effective for sound recordings of member companies released in one calendar year is as below:
IMI launched International Top 20 Singles chart, the first official music industry recognised record chart in India, on 21 June 2021. It ranks best-performing international singles in India based on streaming data from Amazon Music, Apple Music, and Spotify. The data is collected and aggregated by BMAT Music Innovators and chart is reviewed by IMI Charts committee. [9] [10] The first number-one song for the chart dated 21 June 2021, was "Butter" by BTS. [11]
India has separate scales for music recording certifications. Certifications are usually based on sales, like some other Asian countries. Like many other Asian countries, domestic repertoire accounts for the majority of the Indian music market. Like many other countries, sales requirements of music recording in India reduced due to music piracy, declining sales, and the rise of online streaming.
The following are the current certification levels, as of 2019. [12]
Release type | Singles | Albums | ||
---|---|---|---|---|
Gold | Platinum | Gold | Platinum | |
Hindi films | 120,000 | 240,000 | 75,000 | 150,000 |
Regional films | 60,000 | 120,000 | 40,000 | 80,000 |
Pop/Basic | 60,000 | 120,000 | 15,000 | 30,000 |
Devotional | 50,000 | 100,000 | 10,000 | 20,000 |
Classical/Folk | 10,000 | 20,000 | 5,000 | 10,000 |
International | 60,000 | 120,000 | 12,000 | 30,000 |
Single and album units are measured in terms of Track Equivalent (TE) and Album Equivalent (AE) units, respectively, which are equivalent to the following media units. [12]
Media unit(s) | Track Equivalent (TE) | Album Equivalent (AE) |
---|---|---|
Digital track download(s) | 1 | 10 |
Digital album download | — | 1 |
Physical album sale | — | 1 |
CRBT (caller ring-back tones) (30 days[ clarification needed ]) | 2 | 20 |
Track streams | 100 | 1,000 |
Video streams | 300 | 3,000 |
Prior to the inclusion of music streaming in IMI certifications, the following certification levels were in use between 2007 [13] and 2013. [14]
Release type | Gold | Platinum |
---|---|---|
Hindi Films | 200,000 | 400,000 |
Regional Films | 50,000 | 100,000 |
Regional Basic | 25,000 | 50,000 |
National Basic | 50,000 | 100,000 |
Classical/Non-Classical | 15,000 | 30,000 |
International | 4,000 | 6,000 |
The following certification levels were in use between 2000 [15] and 2007. [16]
Release type | Gold | Platinum |
---|---|---|
Hindi Films | 500,000 | 1,000,000 |
Regional Films | 100,000 | 200,000 |
Regional Basic | 60,000 | 120,000 |
National Basic | 100,000 | 200,000 |
Classical/Semi-Classical | 20,000 | 40,000 |
International (2006–2007) | 10,000 | 20,000 |
International (2000–2006) | 20,000 | 40,000 |
The following certification levels were in use up until 2000.
Release type | Gold | Platinum |
---|---|---|
Hindi films [17] | 500,000 | 1,000,000 |
Indian pop | 120,000 [18] | 200,000 [19] [20] |
Foreign [21] | 30,000 | 60,000 |
The International Federation of the Phonographic Industry (IFPI) is the organisation that represents the interests of the recording industry worldwide. It is a non-profit members' organisation registered in Switzerland and founded in Italy in 1933 by Francesco Braga. It operates a secretariat based in London, with regional offices in Brussels, Hong Kong, Miami, Abu Dhabi, Singapore and Nairobi.
In the United States, the Recording Industry Association of America (RIAA) operates an awards program based on the certified number of albums and singles sold through retail and other ancillary markets. Other countries have similar awards. Certification is not automatic; for an award to be made, the record label must first request certification. The audit is conducted against net shipments after returns, which includes albums sold directly to retailers and one-stops, direct-to-consumer sales and other outlets.
Music recording certification is a system of certifying that a music recording has shipped, sold, or streamed a certain number of units. The threshold quantity varies by type and by nation or territory.
The Recording Industry Association of Japan (RIAJ) is an industry trade group composed of Japanese corporations involved in the music industry. It was founded in 1942 as the Japan Phonogram Record Cultural Association, and adopted its current name in 1969.
The Federazione Industria Musicale Italiana (FIMI) or the Federation of the Italian Music Industry is an umbrella organization that keeps track of virtually all aspects of the music recording industry in Italy. It was established in 1992, when major corporate labels left the previously existing Associazione dei Fonografici Italiani (AFI). During the following years, most of the remaining Italian record labels left AFI to join the new organisation. As of 2011, FIMI represents 2,500 companies operating in the music business.
Hindi film songs, more formally known as Hindi Geet or filmi songs and informally known as Bollywood music, are songs featured in Hindi films. Derived from the song-and-dance routines common in Indian films, Bollywood songs, along with dance, are a characteristic motif of Hindi cinema which gives it enduring popular appeal, cultural value and context. Hindi film songs form a predominant component of Indian pop music, and derive their inspiration from both classical and modern sources. Hindi film songs are now firmly embedded in North India's popular culture and routinely encountered in North India in marketplaces, shops, during bus and train journeys and numerous other situations. Though Hindi films routinely contain many songs and some dance routines, they are not musicals in the Western theatrical sense; the music-song-dance aspect is an integral feature of the genre akin to plot, dialogue and other parameters.
The Recording Industry Association of America (RIAA) is a trade organization that represents the music recording industry in the United States. Its members consist of record labels and distributors that the RIAA says "create, manufacture, and/or distribute approximately 85% of all legally sold recorded music in the United States". RIAA is headquartered in Washington, D.C.
Super Cassettes Industries Private Limited, doing business as T-Series, is an Indian music record label and film production company founded by Gulshan Kumar on 11 July 1983. It is primarily known for Hindi film soundtracks and Indi-pop music. As of 2014, T-Series is India's largest music record label, with up to a 35% share of the Indian music market, followed by Sony Music India and Zee Music Company. As of June 2024, T-Series also owns and operates the most-viewed and the second most-subscribed YouTube channel, with over 267 million subscribers and 257 billion views. While best known as a music label, T-Series has also had some moderate success as a film production company.
Recording Industry of South Africa (RiSA) is a trade association representing the interests of major and independent record labels of South Africa. Located in Randburg, RiSA is responsible for running the annual South African Music Awards (SAMAs) and for music recording certification in South Africa. It also runs The Official South African Charts (TOSAC).
The album-equivalent unit, or album equivalent, is a measurement unit in music industry to define the consumption of music that equals the purchase of one album copy. This consumption includes streaming and song downloads in addition to traditional album sales. The album-equivalent unit was introduced in the mid-2010s as an answer to the drop of album sales in the 21st century. Album sales more than halved from 1999 to 2009, declining from a $14.6 to $6.3 billion industry, partly due to cheap digitally downloaded singles. For instance, the only albums that went platinum in the United States in 2014 were the Frozen soundtrack and Taylor Swift's 1989, whereas several artists' works had in 2013.
Record sales or music sales are activities related to selling music recordings through physical record shops or digital music stores. Record sales reached their peak in 1999, when 600 million people spent an average of $64 on records, achieving $40 billion in sales of recorded music. Sales continued declining in the 21st century. The collapse of record sales also made artists rely on touring for most of their income. By 2019, record sales accounted for less than half of global recorded music revenue, overtaken by streaming. Following the inclusion of streaming into record charts in the mid-2010s, record sales are also referred to as traditional sales or pure sales.
"Jalebi Baby" is a Punjabi-English song sung and produced by Canadian rapper, singer-songwriter and producer Tesher, first released on November 13, 2020 by Namah Music Group and Capitol Records. Following the viral success of the track, a remix with American singer Jason Derulo was released on May 28, 2021. "Jalebi Baby" was written by Hitesh Sharma, with additional lyrics added for the remix by Jason Derulo.
The soundtrack to the 1990 Hindi-language romantic musical film Aashiqui features twelve songs composed by Nadeem–Shravan and lyrics written by Sameer, Rani Mallik and Madan Pal. Released by T-Series on 26 December 1989, it became the highest-selling Bollywood soundtrack of all time with around 2 crore units sold. Its success established the duo to become one of the leading music composers in the Hindi film industry.
Sholay' is stilt going strong. Polydor records has won a platinum disc for the sale of the 'Sholay' record