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The music industry of Asia is an industry that people sell music-related products to earn money. The business structures of the industry include recorded music, live music, radio broadcasting, and digital and online distribution. The Asian music industry consists of music industry of Central Asia, East Asia, North Asia, South Asia, Southeast Asia, and West Asia. The music industry of Asia influences Asian culture and economy. The music industry of Asia also has a worldwide impact.
In the process of the development of Asian music industry, the overseas market has been highly valued. For example, SM Entertainment’s business revenue grew rapidly from 96.9 billion in 2010 to more than 300 billion in 2014. At the same time, SM entertainment’s overseas revenue accounted for more than 50% of the total revenue in 2012 and 2013, most of which came from the Japanese market and Chinese market. SM Entertainment also actively expands overseas, establishing business in North America, Europe, Western Europe and Asia.
The song “上を向いて歩こう” (a well-known song called ス キ ヤ キ) was a success. It was the first Japanese song to reach No. 1 in the U.S. (four weeks in Cashbox Magazine, three weeks in Billboard Magazine) of Japan and the America region ranking, and was awarded the “Gold record” for selling more than a million copies. In 2008, Sa Dingding won the BBC Radio 3 Awards for World Music and was invited to perform at the Royal Albert Hall to both eastern and western audiences. In 2009, Sa Dingding ‘s album Alive was listed as one of the 85 nominees for best world music album at Grammy Awards.
Until the end of 2018, three Asian countries joined the top 10 music markets (2nd in Japan, 6th in South Korea, 7th in China). Among the ‘global top 10 albums of 2018’, two albums of BTS are listed, and “Love Yourself 結 ‘Answer'” took the and “Love Yourself 转 ‘Tear'” took the 2nd and 3rd respectively, selling 5 million albums in total. Among the ‘global top 10 digital singles of 2018’, Tia Ray’s “Be Apart” took the 7th place, selling 10.9 million units. In addition, BTS is the 2nd of ‘global recording artists 2018. Blackpink’s mv for ‘Kill this Love’, premiered on 4 April 2019 has reached over 100 million views on YouTube, breaking a record that reaching the overstepping click volume quicker than any other music video on YouTube.