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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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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 ...
Oct 8, 2024 · The digital music streaming average revenue per user is estimated to amount to 91.91 dollars in 2022, up from just under 72 dollars in 2017, and with consumers moving away from physical...
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.
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 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.
Mar 21, 2023 · The figures show that the global recorded music market grew by 9.0% year-on-year in 2022, driven by growth in paid subscription streaming. The report reveals that total trade revenues for...
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 ...
