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Published 1 year ago

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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BenzingaBenzinga

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

TORONTO, March 21, 2023 /CNW/ - Today, the IFPI released the Global Music Report 2023, a comprehensive annual review of the global recorded music market. In addition to revenue and listenership data, the report provides insight and analysis on important global trends and issues facing the music industry, including the rapid expansion of global music markets such as Sub-Saharan Africa, as well as the need for responsible policies around artificia…

1 year ago·New York, United States
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VarietyVariety

Global Music Revenue Growth Slowed in 2022, But Still Rose 9% to $26.2 Billion

Global recorded-music revenue growth slowed down dramatically in 2022 but still was up 9%, according to the IFPI's year-end report.

1 year ago·Los Angeles, United States
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BillboardBillboard

IFPI Global Report 2023: Music Revenues Climb 9% to $26.2 Billion

Global music sales grew for the eighth consecutive year in 2022 with recorded music revenues growing in every region and each of the world's top 10 markets.

1 year ago·United States
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Digital Music NewsDigital Music News

Global Music Industry Revenue Hit $26.2 Billion In 2022: Report

Global recorded music industry revenue totaled $26.2 billion during 2022, per a new report, as streaming and vinyl growth continued.

1 year ago
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musically.commusically.com

Global recorded music revenues grew 9% in 2022 to $26.2bn says IFPI - Music Ally

The global music industry made $26.2bn from recorded music in 2022, according to the IFPI. That’s up 9% year-on-year.

1 year ago
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IFPIIFPI

IFPI Global Music Report: Global Recorded Music Revenues Grew 9% In 2022

Read IFPI’s Global Music Report 2023 – State of the Industry HERE 21st March 2023 – The global recorded music market grew by 9.0% in 2022, driven by growth in paid subscription streaming, according to IFPI, the organisation that represents the recorded music industry worldwide. Figures released today in IFPI’s Global Music Report show total […]

1 year ago
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