Streaming drove 9.7% rise in global recorded-music revenues in 2018
Posted on: 2 avril 2019, by : Stuart Dredge

Global recorded-music revenues grew by 9.7% in 2018, according to industry body the IFPI. Its annual Global Music Report, which is published today, reveals that strong growth in streaming revenues more than made up for the continued decline in sales of CDs and music downloads.
The headline figure is $19.1bn: that’s the total revenue for recorded music last year, up from $17.4bn in 2017. The figure includes revenue from streaming, sales, performance rights and synchronisation income – but not the publishing or live-music sectors. It’s the fourth consecutive year of growth for recorded music globally.
Within this, global streaming revenues grew by 34% to $8.9m in 2018, accounting for 47% of the global total. Paid streaming grew by 32.9% last year and accounted for 37% of total revenues (around $7.1bn).
The post Streaming drove 9.7% rise in global recorded-music revenues in 2018 appeared first on Music Ally.
Source: Music ally

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