Global Music Report 2021

Global recorded music revenues grew 7.4% in 2020, the sixth consecutive year of growth, according to IFPI, the organisation that represents the recorded music industry worldwide. Figures released in IFPI’s Global Music Report show total revenues for 2020 were US$21.6 Bn. Growth was driven by streaming, especially by paid subscription streaming revenues, which increased by 18.5%. There were 443 million users of paid subscription accounts at the end of 2020. Total streaming (including both paid subscription and […]