Australian record music market grew by 7.3% in 2020
Australian record music market grew by 7.3% in 2020 with growth driven by streaming and vinyl according to figures released by the Australian Recording Industry Association (ARIA). The growth was driven by a rise in revenue from streaming services and vinyl, which offset a drop in revenue for digital downloads and CD sales. It is the sixth straight year of growth for the recorded music industry which now generates AUS$542 million in revenue per annum. […]