Global Music Report 2022

Global recorded music revenues grew 18.5% in 2021 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 revenues for 2021 were US$25.9 Bn. Paid subscription streaming revenues increased by 21.9% US$12.3 Bn.  There were 523 million users of paid subscription accounts at the end of 2021. Total streaming (including both paid subscription and advertising-supported) grew by 24.3% […]