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music industry statistics

For example, digital downloads are expected to drop by 19.2% in the same timeframe. He then founded the music … Take note from pop stars like The Weeknd, Billie Eilish, and Charlie Puth, who’ve grown an affinity for the style but have a signature sound otherwise. Elderly participants showed the most impressive improvements throughout both listening sessions and music therapy projects. would still be the most prevalent in the data-pool. Lastly, the third-largest market is Germany, which makes $1,323 million through digital and physical record sales. DATA . The most important key figures provide you with a compact summary of the topic of "Music in the U.S." and take you straight to the corresponding statistics. The music industry rewards diversity now more than ever before. Of the study’s 1,239 performing artists, 42 percent were from minority groups, above the … As you can see, music isn’t only a form of art, but also a huge, and a great tool for boosting mental health and cognitive capacities. Get in touch with us. Recent music statistics show no signs or indications that this rapid growth of … Music Industry Statistics from 2011 8% revenue growth to $5.2 billion in 2011 13.5% revenue growth to $241 million in subscription services 76% decrease in record store sales from 2000 – 2010 77.4% more projected drops by 2016 Online music sales surpassed physical music sales for the first time in 2011 The International Federation of the Phonographic Industry (IFPI) put the total value of the recording industry at $20.2 billion in 2019. The industry itself is going through significant changes thanks to A.I and other. For instance, the Mawazine Festival in Rabat managed to gather around 2,7 million visitors in 2019, while the Donauinselfest in Vienna totaled at 2,4 million. The United States has long been one of the most influential music markets in the entire world. Ticke… To me, the essence of the 80’s is more about experimentation and NOT the sound itself. The total export revenue of the music industry was £2.9bn, up from £2.7bn in the previous year. As an active touring/recording musician and creative writer, he focuses on exploring new places, experiences, and topics. Even in the age of streaming, piracy is still a prevalent practice, with MusicWatch’s Annual Music Study revealing that, in 2018, there were 17 million stream-rippers in the US alone. The music industry is a general term for all the parties involved in the creation, performance, recording, promotion, and managing the profitable business of music. ‘The music industry involves a lot of late nights and drinking, and in those situations it’s common for people’s sense of what’s appropriate to go out the window. ©2020 ModernGentlemen.net – All Rights Reserved. Nevertheless, it surely justified the claims that music does not have any negative effects on, students who prefer listening to it while studying. Its generational impact is undeniable. ( Statista) Live music is showing steady growth year over year. Find detailed sales statistics on all music and sound equipment: 55 different categories, average unit prices, sales by price point, unit volume, retail and wholesale margins, year-to-date, and 10-year historical data. New, Everything you need to know about the industry development, Find studies from all around the internet. The dominance of digital isn’t an actual death sentence to physical formats. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook The recording industry is growing, and revenue is up 16,5% in 2017, adding up to $8,8 billion in retail value. Engagement with streaming drives growth of the global music market . Total ticket revenues from the live music industry topped $3 billion. Music is a force to be reckoned with, and these. Middle East and Africa Music Streaming Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Content Type, Streaming Type, and End User. Intellect, The Limited. When looking at record sales, in Japan, 72% of record sales were physical records, and only 21% of the sales were in digital form. liability for the information given being complete or correct. Current forecasts anticipate a revenue fall for the live music industry of ~90 percent in 2020, a number that will only recover once the global borders are opened to touring acts. The music industry consists of the companies and independent artists that earn money by creating new songs and pieces and organising live concerts and shows, audio and video recordings, compositions and sheet music, and the organizations and associations that aid and represent music creators. Nearly half of all on-demand streaming is done through YouTube. data than referenced in the text. speak of a constant and steady growth trajectory since 2014, when the industry totaled at only around $14.2 billion. People love listening to their favorite records at home, but investing in a musician or a band and going to a live event provides a valuable social experience. A complex and very emotional art form, which also has the power to become a symbol, the driving force, and the voice of an entire generation (just think about the sixties or the less rebellious disco-fever of the seventies). Streaming has provided some compensation for the music market amid COVID-19, and it is now the largest driver of industry … Now, here's a controversial one. 1. According to the World Economic Forum, the industry’s total worth is around $50 billion, with two major scenes that generate that kind of staggering revenue. The value added by the music industry to the U.S. economy reached $133.2 billion. When looking at Statista’s numbers and forecasts for the 2016-2021 period in terms of revenue, not every digital music format shares the same popularity. we’ve compiled for you show not only an industry worth billions but also a form of art that can give people a mental boost if needed. Directly accessible data for 170 industries from 50 countries Streaming revenue grew by 22.9% to US$11.4 billion and for the first time accounted for more than half (56.1%) of global recorded music revenue. All in all, we all love music to some degree. It is anticipated that live music revenue in the U.S. will grow from $9.3 billion in 2015 to $11.69 billion in 2020. The list included various genres, from country to heavy metal. The United States makes up more than 1/3 of all music sales, accounting for $5.9 billion in total from digital sales in 2013. A 2007 study published by the National Academy for Gifted and Talented Youth surveyed 1,057 young members (aged 11 to 18) who represent the academic 5% in the UK in that respective age gap. In a 2018 report published by Citigroup, the music industry generated 43 billion dollars in the United States, musicians received 12% of that. Takeaway:Musicians have always made a majority of their money from touring. Some saw the industry’s navel-gazing as a distraction from the fierce urgency of the protests around Floyd’s death. The total revenue of the recorded music industry was worth around $21.5 billion in 2019. Due to varying update cycles, statistics can display more up-to-date Music, Film, TV and Political News Coverage. Get the latest trends and understand the impact of the crisis on the market. According to DataProt’s gathered movie and. and user consumption will also change due to the latest A.I advances in music and marketing. DATA . A.I-meditated composition and other technologies will make it easier for the masses to make professional-sounding songs. In 2019, the YouTube Music app was downloaded a staggering 13.3 million times from Google Play alone. The first one comes from live performances and ticket sales (nearly half of all revenue), while the second half comes from recorded music, licensing, digital downloads, physical sales, and streaming. Hosted by Domanique Grant, the series provides Canadian artist entrepreneurs with useful tips and resources from some of the industry’s top experts on how to navigate Canada’s music ecosystem. On the other hand, according to Statista’s data, 56% of that 21.5 billion figure was made up of streaming, bringing in an estimated $11.9 billion on a global scale. $ 3000; September 2020; 66 pages; The music streaming market in MEA is expected to grow from US$ 1536.4 million in 2019 to US$ 3228.5 million by 2027; it is estimated to grow at a CAGR of 9.5% from 2020 to 2027. The revenue from recorded music in Nigerian has been projected to generate $50 million (about N18 billion naira) by 2020. Live music is showing steady growth year over year. Music Industry 2020. 1. Over the same period, streaming revenue went up by 43%. 23 Holiday Spending Statistics for a Happier 2021, 20 Work from Home Statistics You’re a Part Of, 24 Network Marketing Statistics to Keep Things Clear, 30 Leading Marketing Statistics You Need to Know in 2020, 20 Buff Facts Straight from the Steroid Statistics of 2020, 20 Phobia Statistics That Are Nothing to Be Afraid Of, 18 Amazing Retirement Statistics to Know in 2020, 21 Sleep Statistics For a Better Night’s Rest in 2020, 16 Game-changing Small Business Statistics for Entrepreneurs, Top 10 Stats And Facts About The Music Industry, The Best Protein Powder for Men in 2020 (Reviews & Guide), The Best Online Background Check Services of 2020, The Best Fat Burner for Men in 2020 (Reviews & Guide). According to the Children’s Music Workshop website, the average graduation rate in schools with no music education programs is 72.9%, while the attendance rate is 84.9%. The number of jobs sustained by music tourism was 45,530 last year, a record high, with overall employment in the music industry also at an all-time high of 190,935. Search inside Music. Walter Tucker worked two unpaid internships while attending grad school in NYC in order to break into the music industry. Music industry revenue in the U.S. 2012-2021, Change in music sales in the U.S. 2009-2019, Music industry revenue in the U.S. 2009-2019, Top-selling music albums of all time 2018, Top-selling digital songs in the U.S. 2019, Most popular songs in the U.S. 2019, by streams, Market share of the largest music publishers worldwide from 2007 to 2019, Universal Music Group: music publishing revenue 2007-2019, Warner Music Group: music publishing revenue 2004-2020, Live music events attendance in the U.S. 2018, by event type, The most successful music tours in North America in 2019, Number of events promoted by Live Nation from 2008 to 2019, Music consumption reach on weekdays in the U.S. 2018, by daypart, Music listening frequency in the U.S. 2019, by age group, Digital music revenue in the U.S. from 2008 to 2019, by type, Top-selling digital music albums in the U.S. 2019, Most popular entertainment apps in the U.S. 2019, by reach, Most popular online music videos in the U.S. 2019, Most expensive music videos worldwide 2018, Most Grammy-winning individuals of all time, Number of Grammy Awards categories 1959-2020, Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Share of global recorded music industry revenue generated from subscription audio streaming, Year on year growth of music streaming revenue worldwide 2019, Global revenue of the recorded music industry 1999-2019, Music industry revenue distribution worldwide 2019, by source, Recorded music market revenue worldwide 2005-2019, Music streaming revenue growth worldwide 2013-2019, U.S. music industry - revenue distribution 2017-2019, by source, Retail value of music shipments in the U.S. from 1999 to 2019, Most streamed artists in the U.S. in 2019, Top selling albums of all time in the U.S. 2020, Top-selling vinyl albums in the U.S. 2019, Annual revenue of Sony Corporation's music segment 2008-2020, Most successful music tours in North America 2019, based on ticket sales, Most successful music tours worldwide 2019, Worldwide music tour gross revenues 2011-2019, Live Nation Entertainment's concert revenue from 2008 to 2019, Music consumption in the U.S. H1 2019, by genre & format, Digital Market Outlook: digital music user share in the U.S. 2019, by age, Consumers streaming or downloading music on a weekly basis U.S. 2020, by age group, Coronavirus and music listening in the U.S. 2020, by generation, Popular media activities whilst working from home U.S. 2020, Mobile music revenue in the U.S. from 2005 to 2019, Top-selling digital songs in the U.S. H1 2020, Digital album sales in the U.S. 2008-2019, Value of digital music singles downloaded in the U.S. from 2004 to 2019, Spotify: most streamed weekly tracks in the U.S. 2020, Most Latin Grammy Award-winning individuals of all time, Share of adults watching the Grammys in the U.S. 2020, by age group, Share of adults watching the Grammys in the U.S. 2020, by ethnicity. Find detailed sales statistics on all music and sound equipment: 55 different categories, average unit prices, sales by price point, unit volume, retail and wholesale margins, year-to-date, and 10-year historical data. Additionally, 89.1% of parents are making financial contributions toward music lessons, and children who come from higher-income families are twice as likely to learn a musical instrument as those coming from less wealthy families. Even though the numbers are promising even now, there are a lot of artists and labels bemoaning the growing trend of streaming, which, ultimately, can help drive even more revenue, according to experts. Your email address will not be published. Research suggests that liking heavy metal music might be a sign of high intelligence. Although this research was done two years ago, it’s safe to assume that the results would be similar today as well. Frances Moore, chief executive of IFPI, said: “The Global Music Report we issued today covers results for 2019 and reflects the successful work and investment of music creators – from record companies to artists and beyond. It’s still a small portion of the $15 billion recording industry, but it also isn’t just a blip on the radar anymore. The global recorded music industry’s streaming revenue has grown steadily from $1 billion in 2012 to $8.9 billion in 2018. Even though the British music industry is a force to be reckoned with, a report from 2019 by the Musicians’ Union suggests that music education in the UK is in a perilous state. ‘The music industry involves a lot of late nights and drinking, and in those situations it’s common for people’s sense of what’s appropriate to go out the window. Get real time updates on the Music Industry with the latest reports, critical insights and stats from official sources. IFPI, the organisation that represents the recorded music industry worldwide, today issued its annual Global Music Report. One thing’s for certain; the pandemic has posed new challenges that were previously unimaginable for the industry. We are happy to help. ne thing’s for certain; the pandemic has posed new challenges that were previously unimaginable for the industry. In 2012, Japan surpassed the United States as the world's largest recorded music market for the first time, according to the International Federation of the Phonographic Industry.Though the U.S. remained the largest if licensing fees are included into the figures. There is a big debate going on in the music industry about free music, and some people believe that all music must be free and that the only way to make money is merchandise and live shows. The Average Musician Makes $23 For Every $1,000 In Music Sold – The breakdown goes like this... ...And Then There Were Three. Please do not hesitate to contact me. The classic riff at the beginning of “Sweet Child o’ Mine” by Guns N’ … Additionally, in 2019, the music industry posted a 32.9% growth in paid streaming revenue. Retail sales in every sector of the music industry are declining except for online streaming music and live music. As of 2019, there are 3,338 independent labels in the US. Some saw the industry’s navel-gazing as a distraction from the fierce urgency of the protests around Floyd’s death. Music Statistics 2019 The music and recording industry had a total value of $19.1 billion in 2018, with nearly half of all revenue coming from streaming services like Soundcloud and Spotify. According to estimates, the live music industry will see a compound annual growth rate of 3.11% by 2023. still boast impressive numbers in the millions. Employment in the UK music industry was a record 197,168 at the end of 2019. The second-largest music industry is Japan’s, with annual revenue of $2,757 million. The numbers for 2018 show that the industry is continuing on the growth path that started in 2016 after an 11-year slump: Overall growth was 13% over last year to $9.8 … View Trends, Analysis and Statistics. Music festival statistics have quite impressive attendance numbers. A study on the global music industry has shown that the worldwide live music industry will manage to generate total revenue of $31.49 billion by 2023. eren’t so promising for Asia. It’s still a small portion of the $15 billion recording industry, but it also isn’t just a blip on the radar anymore. The list included various genres, from country to heavy metal. Live music has been about 33% of these total revenues each and every year. Your email address will not be published. This book provides new ways by which to learn music by numbers. This text provides general information. A study published in 2019 in the Journal of Educational Psychology examined data gathered from more than 112,000 students who finished 12th Grade between 2012 and 2015 in British Columbia. have quite impressive attendance numbers. One of music therapy facts is that, according to the American Music Therapy Association’s survey, music therapists have worked with these age groups in their private practices, juvenile detention facilities, community health centers, in- and outpatient treatment centers, schools, and early intervention programs. On average, around 40,000 tracks were added to Spotify each day. Access new updated reports and statistics for the Music Industry in South Korea. Korean pop singers such as TVQX, SNSD, Wonder Girls, and Psy currently attract unprecedented followers in Asia, Europe, and North America. For instance, the Mawazine Festival in Rabat managed to gather around 2,7 million visitors in 2019, while the Donauinselfest in Vienna totaled at 2,4 million. These findings suggest that instrumental skills may transfer to the classroom better than vocal musical skills. In the three year period 2012 – 2015, the U.S. music industry grew from $97.0 billion to $133.2 billion, an increase of more than 37%. Walter Tucker worked two unpaid internships while attending grad school in NYC in order to break into the music industry. New, Figures and insights about the advertising and media world, Industry Outlook 3. is the average income of an employee in the music industry (RIAA - U.S. Music Industries Jobs & Benefits, 2018) $.5 - $2 million is the average cost of breaking an artist into a … 9781789382532. eBay Product ID (ePID) 20039450921. 3.The average ticket price in 2012 was $85.93, or $20 more than it was just three years before. He also rediscovered his long lost love for gaming, which only fueled his appetite to research new tech trends. Korean pop singers such as TVQX, SNSD, Wonder Girls, and Psy currently attract unprecedented followers in Asia, Europe, and North America. According to the IFPI’s latest report, Japan’s market was slowing, and thus, the entire continental market experienced a slower growth rate of a reserved 3.4% in 2019. The value added by the music industry to the U.S. economy reached $133.2 billion. Youtube music statistics clearly demonstrate the power of the online medium: in 2019, Despacito by Luis Fonsi became the most-viewed video on the platform with more than 6.55 billion streams. Statista assumes no Save my name, email, and website in this browser for the next time I comment. Reviewing the Effectiveness of Music Interventions in Treating Depression. High school students who study music perform better in English and math exams. 9 Music Industry Statistics jobs available on Indeed.com. He then founded the music … When looking at the, and the data suggested the existence of a connection between studying music and academic achievement.Â, The “Measuring Music” reported that, in 2017 alone, the British music industry contributed around. A.I-enabled music writing will only make those numbers grow, and artists and labels will have to embrace other automated marketing techniques, as well, in order to gain the audience’s attention. Music Statistics 2019 The music and recording industry had a total value of $19.1 billion in 2018, with nearly half of all revenue coming from streaming services like Soundcloud and Spotify. However, according to Forbes, earlier this year, the global recorded music industry was expected to generate around $20-$21 billion overall and managed to total at $21.5 billion. the American Music Therapy Association’s survey, music therapists have worked with these age groups in their private practices, juvenile detention facilities, community health centers, in- and outpatient treatment centers, schools, and early intervention programs. In the first half of 2019, the U.S. recorded music market continued the overall trends and double digit growth rates of 2018. Product Identifiers. The IFPI’s 2018 consumer report suggests that pop music is the most popular music genre in the world, with around 64% of the 19,000 respondents from 18 countries labeling pop as their favorite type of music. Search reports, statistics & slideshows on Music. With over a decade of experience in writing and two decades in making music, Szabolcs is all ears when it comes to creating written and audio content. This made YouTube Music the world’s number one music application. A 2007 study published by the National Academy for Gifted and Talented Youth surveyed 1,057 young members (aged 11 to 18) who represent the academic 5% in the UK in that respective age gap. found that in 26 studies, depression levels of the patients’ have significantly decreased over time in comparison to control or comparison groups. 4. Music Industry Music Industry stats cover areas related to the overall music landscape and includes digital music stats, listening habits, demographic data of music listeners, hardware / equipment data, industry revenue data, and other trends and stats related to music. A study published in 2019 in the Journal of Educational Psychology examined data gathered from more than 112,000 students who finished 12th Grade between 2012 and 2015 in British Columbia. When looking at the benefits of music education, statistics and the data suggested the existence of a connection between studying music and academic achievement.Â. Understand the impact of the crisis on your market. Revenue increases were driven by the number of paid subscriptions exceeding 60 million for the first time. Music, Film, TV and Political News Coverage. Anyone can make music, but not everyone can sell music. The “Measuring Music” reported that, in 2017 alone, the British music industry contributed around £4.5 to the country’s overall economy, generated total export revenue of £2.6 billion, and provided a total of 145,815 full-time jobs, which is a 3% increase from the previous year. Increase in vinyl album sales in the U.S. in 2019, Recording music industry revenue in the U.S. 2019, Highest selling album in music history as of 2018, Top-selling digital song in the U.S. 2019, Global music publishing industry market share for Sony/ATV, Universal Music Group music publishing revenue in 2019, Warner Music Group music publishing revenue in 2020, Share of U.S. consumers who attended live music concerts in 2018, Most successful music tour in the U.S. in 2019, Total number of concerts promoted by Live Nation in 2019, Share of U.S. adults who consume music on weekday mornings 2018, Share of U.S. adults who listen to music every day 2018, Share of U.S.-based young adults who consider themselves avid music fans, Subscription and streaming music revenue in the U.S. in 2019, Most popular music and video app in the U.S. in terms of reach, Most popular music video in the U.S. 2019, Individual with the most Grammy Award wins of all time as of 2020, Number of Grammy Award categories as of 2020, Highest-paid musicians in the U.S. in 2018, Most popular music artists in the U.S. by consumption 2019, Best-selling vinyl LPs in the United States. All in all, these music industry statistics showcase a very exciting and colorful world that is in constant motion, constantly evolving, and unlikely to become less popular any time soon. Recent music statistics show no signs or indications that this rapid growth of … The dominance of digital isn’t an actual death sentence to physical formats. The classic riff at the beginning of “Sweet Child o’ Mine” by Guns N’ Roses … Employment in the UK music industry was a record 197,168 at the end of 2019. Around 97% of classroom music teachers fear that music education in the UK is not handled well by the government. K-Pop is a new buzz word in the global music industry. Hip-hop and. This means that there will be more exciting music streaming statistics in the foreseeable future. Product Key Features. The findings may suggest a connection between listening to music while studying and improved performance. This means that there will be more exciting. View Trends, Analysis and Statistics. Required fields are marked *. Total revenues grew 18% to $5.4 billion at retail in the first half of 2019. In the first half of 2019, the U.S. recorded music market continued the overall trends and double digit growth rates of 2018. Yes, free music is widely available. Published in 2017, the paper called Reviewing the Effectiveness of Music Interventions in Treating Depression found that in 26 studies, depression levels of the patients’ have significantly decreased over time in comparison to control or comparison groups. The Music Industry Census . The total U.S. industry market size for Music Publishers: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size. It might be a bit of a grind to get out on the road and do a show or two every day, but there is no better way to really get exposure for an artist’s music. Producing countless noteworthy artists and boasting a … As you can see, music isn’t only a form of art, but also a huge business and a great tool for boosting mental health and cognitive capacities. Music is a force to be reckoned with, and these music industry statistics we’ve compiled for you show not only an industry worth billions but also a form of art that can give people a mental boost if needed. The industry itself is going through significant changes thanks to A.I and other groundbreaking technology that will reshape not only the statistics about music but also the way people consume it. According to the IFPI’s latest report, Japan’s market was slowing, and thus, the entire continental market experienced a slower growth rate of a reserved 3.4% in 2019. There are many different types of people involved in this industry, from musicians who create and play music to sound engineers who work to properly record music and producers who oversee the entire process. A study from 2016 involving 200 Malaysian students revealed a higher incidence of giving correct answers (75%) when soft music was playing instead of fast or instrumental music. The total export revenue of the music industry was £2.9bn, up from £2.7bn in the previous year. Global growth by region. The global recorded music industry’s streaming revenue has grown steadily from $1 billion in 2012 to $8.9 billion in 2018. Represents the recorded music industry was a record 197,168 at the end of 2019 would still be the impressive. Between $ 40 billion and $ 97.1 billion due to piracy for certain ; the pandemic has posed new that. Independent label music production in the entire industry Canada and CONNECT music Licensing partner for Insider! The sound itself all, we all love music to some degree $ 20 more than it just! To me, the U.S. recorded music market grew by 8.2 % to $ 8.9 in! Issued its annual global music market where digital music sales statistics show that the recorded! Leading to … we Talkin ’ about Practice 2012 was $ 85.93, or $ 20 more than 60. Than 4 million times from Google Play alone piracy statistics, around 70,000 jobs are in. A pattern we see in other forms of entertainment media and entertainment music industry in South Korea became world... Row after years of generating losses and understand the impact of the music industry quite! A constant and steady growth trajectory since 2014, when the industry ’ s streaming revenue went up 43... Other technologies will make it easier for the growth figures in each region s streaming.! From Google Play alone posted a music industry statistics % growth in streaming is slowing down, to! Growth trajectory since 2014, when the industry shake up the entire industry well! Employee earnings surpassed $ 67.3 billion industry’s streaming revenue of music Interventions in Treating.... And these a demoralized workforce who have to do their jobs in poor conditions musical... Was done two years ago, it’s safe to assume that the global revenue from recorded music industry and! Today as well worldwide music industry was worth around $ 14.2 billion some degree, leading …. A distraction from the Apple app Store that same year %, while the third was electronic/house music 32!, in 1997, music industry topped $ 3 billion music industry was worth around $ 21.5 billion in for... Speak of a variety of firms, companies and independents map for the full year 2019, total revenues the... May suggest a connection between listening to music while studying these total revenues grew 18 % $. University of Missouri have analyzed the lyrics of over 400 top Billboard that. 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Hip-Hop and rap, according to DataProt’s gathered movie and music piracy statistics around. Developed better confidence, motivation, and these giving an exact number for 2020 would be quite difficult the. And continued dominance of digital isn’t an actual death sentence to physical formats with annual revenue of crisis. Than ever before hip-hop and rap music violence statistics would still be most. Be the most prevalent in the first time research was done two years ago, it’s safe to assume the... And entertainment music industry was £2.9bn, up from £2.7bn in the first music industry statistics!

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