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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 ...
recorded music revenues in 2022. Paid subscriptions, ad-supported services, digital and customized radio, social media platforms, digital fitness apps and others grew 7% to a record high $13.3 billion in revenue. They collectively accounted for 84% of total revenues, up slightly from 83% in 2021. FIGURE 1. FIGURE 2. FIGURE 3
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.
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, 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...
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 22, 2024 · According to IFPI’s latest Global Music Report, worldwide recorded music revenues climbed 10 percent to $28.6 billion last year, a new record - at least in nominal terms. This marks the...
