The Global Music Report for 2019 was published by IFPI earlier this week. It showed that the music industry had experienced its fifth consecutive year of growth and global music revenues were up 8.2% during 2019 and revenue had reached $20.2bn – a figure last seen some 15 years ago in 2004. More importantly, streaming revenue was up 22.9% to $11.4bn in 2019 and it is the first time that streaming comprised more than half of the global music revenues with 56.1% of the total market. Paid streaming ....
07 May 2020
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Hipgnosis Songs Fund Limited Shs GBP (SONG:LON) | 101 -1.8 (-1.8%) | Mkt Cap: 1,218m
- Published:
07 May 2020 -
Author:
Paul Glover -
Pages:
4
The Global Music Report for 2019 was published by IFPI earlier this week. It showed that the music industry had experienced its fifth consecutive year of growth and global music revenues were up 8.2% during 2019 and revenue had reached $20.2bn – a figure last seen some 15 years ago in 2004. More importantly, streaming revenue was up 22.9% to $11.4bn in 2019 and it is the first time that streaming comprised more than half of the global music revenues with 56.1% of the total market. Paid streaming ....