That includes a headline figure for the latter: global revenues of $9.03bn in 2023, the first time they have been more than $9bn. That represented 10.9% growth year-on-year. As for market shares, M&C calculated that Sony Music Publishing increased its lead over rivals, taking 24.9% of global revenues - up from 24.7% in 2022.. The country's recorded music industry saw $12.2 billion in revenue in 2020, which increased to $15 billion in 2021. The global music industry's annual revenue increased by 18.5% from 2020 to 2021. In 2020, the industry earned $21.9 billion in revenue, and in 2021, it earned $25.9 billion. The number of Americans with paid streaming.
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2023 was another good year for the music industry. According to IFPI's latest Global Music Report, worldwide recorded music revenues climbed 10 percent to $28.6 billion last year, a new record.. For starters: Goldman now believes that annual global trade revenues washing into the recorded music industry (labels, distributors, and artists) are going to grow to USD $53.2 billion by 2030.. That's up by $7.5 billion on Goldman's prior most recent projection ($45.7bn).It's also more than double the size of worldwide record biz revenues last year ($25.9bn) as counted by the IFPI.
