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- Global music revenues grew at the fastest rate in more than two decades last year, with help from artists like BTS, Taylor Swift and Adele. Revenues surged by 18.5% to $25.9bn (£19.5bn) in 2021, the highest level since records began in the 1990s. The growth was driven by streaming, with 523 million paid subscribers, up from 443 million in 2020.
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Mar 22, 2022 · The global music market was worth $26bn in 2021. Getty Images. BTS were the biggest-selling act in the world last year. Global music revenues grew at the fastest rate in more than two...
Mar 22, 2022 · Global music revenues grew at the fastest rate in more than two decades last year, with help from artists like BTS, Taylor Swift and Adele.
Apr 20, 2022 · The global music industry is on a roll, posting record revenues for 2021, up by 20%. Growth was driven by a surge in streaming which now accounts for 65% of sales. Sales of CDs and vinyl records grew for the first time in 20 years, with vinyl sales increasing by over 50%. Harry Styles’s latest song, 'As It Was', has set a new Guinness World ...
Nov 30, 2021 · Hip-hop over pop: Through the first three quarters of 2021, hip-hop was the most popular primary genre in the Hot 100’s top 10, with a 41% share of all top 10s. Pop ranked second, at 36%....
- The Decline of Music Piracy. The illegal downloading and file-sharing introduced by Napster, Limewire and others led to such rampant piracy that it seemed the genie could never be put back in the bottle.
- De-Genrefication of Music. Back in the CD era, being musically adventurous was an expensive luxury: How many people paid nearly $20 for an album they ended up not liking?
- Free Subscription Tier. For many years, Spotify was criticized for its free (aka “ad-supported”) tier, which enables users to stream as much music as they want if they’re willing to sit through advertisements.
- Mood Playlists. Not only have streaming services broken down many traditional boundaries between musical genres — they’ve recategorized many of them into “moods” via playlists that were first pioneered by Spotify.
Sep 28, 2021 · For 2021 to date, global music streaming is up by a remarkable 25.9% from the same period in 2020, according to a new study of international music trends from MRC Data. The total amount of...
Mar 1, 2022 · Adele's hit album 30 and The Weeknd's reflective single Save Your Tears were the world's best-selling records of 2021, according to music industry data.