IFPI Reports 10th Consecutive Year of Global Gains

Like every year, the IFPI Global Music Report (the Federation of the phonographic industry) has just been issued, bringing very good figures for the world, especially Latin America and Chile. The report shows that total commercial revenues in the world of recorded music reached US$29.6 billion, representing an increase of 4.8% over the previous year, marking the tenth consecutive year of growth. This, with music streaming as the main channel (75…

The three artists that sold the most and profited globally in 2024 were the North American Taylor Swift, the Canadian Drake and the South Korean Seventeen

The worldwide revenues from music recordings increased to 29.6 billion US dollars in 2024. Paid streaming subscriptions remain the main growth drivers.

IFPI Reports 10th Consecutive Year of Global Gains

IFPI’s "Global Music Report 2025" a picture of a healthy market that relies heavily on revenue from streaming models.

Streaming revenue topped $20 billion for the first time last year