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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.
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 ...
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.
Our new music industry trends report, 6MO H1 2022: Breakthrough Music, dives into where new acts emerged, how old tracks found new life on popular platforms, and what the future of the music business might look like.
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Mar 21, 2023 · 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...
