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IFPI releases Global Music Report 2023, highlighting the continued importance of local music to the global industry

Summary by Ground News
Global music sales rose for the eighth consecutive year in 2022, with recorded music revenues growing in every world market and across almost all formats. Total revenues climbed to $26.2 billion, a rise of 9% on the previous year. The leading driver of growth was a 10.3% rise in paid-for streaming subscription revenue.

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IFPI broke the news in on Tuesday, March 21, 2023.
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