IFPI

Global recorded music revenues grew 4.8% in 2024 driven largely by growth in paid subscription streaming according to IFPI, the organisation that represents the recorded music industry worldwide. Figures released recently in IFPI’s Global Music Report show total revenues for 2024 were US$29.6 Bn. Subscription streaming was the key driver of growth, with an increase of 9.5% whilst users of subscription accounts grew 10.6% to 752 million globally. Recorded music revenue formats Streaming revenues exceeded US$20 Bn for the […]

Global recorded music revenues grew 10.2% in 2023 driven largely by growth in paid subscription streaming according to IFPI, the organisation that represents the recorded music industry worldwide. Figures released recently in IFPI’s Global Music Report show total revenues for 2023 were US$28.6 Bn. Subscription streaming revenues alone grew by 11.2% and made up almost half (48.9%) of the global market. In 2023 the number of paid subscriptions to music streaming services passed 500 million for the first […]