Major label executives have warned there will be “bumps in the road” ahead, despite the global recorded music market growing by 5.9% to £12.16 billion last year.
The rise compares with 3.2% growth in 2015 and sees digital income account for half the global recorded music industry’s annual revenue for the first time.
The findings formed part of IFPI’s latest Global Music Report, which revealed that there were 112 million users of paid music streaming subscriptions by the end of ...
Register for a Music Week trial to access this article.
Sign up for your free trial to Music Week, the no 1 weekly trade magazine for anyone who needs to understand the business of music. For four whole weeks we will provide you with great, in-depth journalism that gets right inside the business of music in print and 24/7 online. With both the print and digital edition you will be able to enjoy the whole Premium experience of a subscription to Music Week - absolutely free.Start your free trial