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- Following a nearly 19% year-over-year jump in global recorded music industry revenue during 2021, continued streaming growth drove a comparatively modest 9.2% increase during 2022, when revenue approached $26.2 billion, according to a newly released report.
www.digitalmusicnews.com/2023/03/21/music-industry-revenue-2022-global/Global Music Industry Revenue Hit $26.2 Billion In 2022: Report
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Mar 21, 2024 · Global recorded music revenues increased by 10.2% in 2023, according to IFPI. The recording industry trade body has issued its all-important Global Music Report for the past 12 months.
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 ...
Mar 21, 2023 · Figures released today in IFPI’s Global Music Report show total trade revenues for 2022 were US$26.2 billion. Subscription audio streaming revenues increased by 10.3% to US$12.7 billion and there were 589 million users of paid subscription accounts at the end of 2022.
The number of paid subscriptions to on-demand music services grew 10% to reach a new high, averaging 92.0 million in 2022, versus 84.0 million the prior year. At wholesale value revenues grew 5% and exceeded $10 billion for the first time ever. DOWNLOAD THE FULL REPORT HERE.
Mar 22, 2023 · London, UK (March 22, 2023)—Paid subscription streaming has become the engine of the recorded music industry worldwide, driving total revenues to $26.2 billion in 2022, a 9% increase over the previous year, according to the new Global Music Report released by IFPI (download here).
total 2022 recorded music revenues. Digital and customized radio music revenues grew 2% to $1.2 billion in 2022. The category includes SoundExchange . distributions for revenues from services like SiriusXM and . internet radio stations, as well as payments directly paid by similar services, included in this report as “other ad-supported ...
Mar 21, 2023 · Global recorded music industry revenue totaled $26.2 billion during 2022, per a new report, as streaming and vinyl growth continued.
