News
Global recorded music revenues grew 10.2% in 2023
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 […]