IFPI report reveals 7.4% growth in global recorded music revenues
Posted on: 23 mars 2021, by : Stuart Dredge

Global recorded music revenues grew by 7.4% to $21.6bn in 2020, according to industry body the IFPI, which has published its annual Global Music Report today.
That’s a deceleration compared to 2019, when the market grew by 8.2%, but with 2020 being the year of Covid-19, labels will see the latest figures as a success nonetheless.
It’s the sixth consecutive year of growth, and the highest annual total since 2002, when global revenues were $22.1bn.
Streaming was the driver for last year’s growth. Streaming revenues for labels grew by 19.9% to $13.4bn, accounting for 62.1% of the total.
The post IFPI report reveals 7.4% growth in global recorded music revenues appeared first on Music Ally.
Source: Music ally

Related Posts

Aller à la barre d’outils