Despite growth, music labels warn: ‘We should never be complacent’

Four consistent years of global growth is something to swell the record industry’s heart, and the 9.7% rise in 2018 means it is approaching double-digit growth – a big change from the double-digit decline that defined the first decade of this millennium. There’s an increasing focus on the role that emerging markets – or ‘high-potential […]

Streaming drove 9.7% rise in global recorded-music revenues in 2018

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 […]

IFPI’s 2018 singles chart is heavy on tracks from 2017

Global music body the IFPI has named the top 10 ‘best-selling digital singles’ of 2018. And in a sign of how streaming is changing the dynamics of the biggest hits, six of them were actually released in 2017. For example, the top track of 2018 was ‘Havana’ by Camila Cabello, which came out in September 2017. […]

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