IFPI Archives

Global recorded music revenues grew 10.2% in 2023

27/04/2024

Global recorded music revenues grew 10.2% in 2023 driven largely by growth in paid subscription streaming according to IFPI, the organisation that represents the recorded music industry worldwide. Figures released recently in IFPI’s Global Music Report show total revenues for 2023 were US$28.6 Bn. Subscription streaming revenues alone grew by 11.2% and made up almost half (48.9%) of the global market. In 2023 the number of paid subscriptions to music streaming services passed 500 million for the first […]

IFPI launches four new music charts in MENA

16/01/2024

IFPI launches four new music charts in MENA covering Egypt, Saudi Arabia, UAE, and North Africa. These Official charts went live at the end of November last year giving music fans, record labels and artists an official ranking on the top streaming tracks in countries across the Middle East and North Africa (MENA) region. In addition to the Official MENA regional chart, the four new charts will be – the Official Egypt Chart, Official Saudi […]

Fans around the world are listening to more music than ever

11/12/2023

Fans around world are listening to more music than ever according to a recent study by IFPI, representing the recording industry worldwide. Engaging with Music 2023 measured how 43,000 people across 26 countries, the largest study of its kind and was conducted between August and October 2023. Engaging with Music 2023 report highlights We’re listening to more music than ever – people spend 20.7 hours on average listening to music each week (up from 20.1 hours […]

Creativity in music more important than AI

27/11/2023

Creativity in music more important than AI according to a recent study by IFPI, representing the recording industry worldwide. The research comes from the forthcoming Engaging with Music 2023, IFPI’s global report examining how fans around the world engage with, and feel about, music. With responses from more than 43,000 people across 26 countries, the report is the largest music study of its kind and the most detailed insight into fan thinking. This year, for the first time, […]

Global recorded music revenues grew 9% in 2022

21/03/2023

Global recorded music revenues grew 9% in 2022 driven by growth in paid subscription streaming according to IFPI, the organisation that represents the recorded music industry worldwide. Figures released today in IFPI’s Global Music Report show total revenues for 2022 were US$26.2 Bn. Subscription audio streaming revenues increased by 10.3% to US$12.7 Bn and there were 589 million users of paid subscription accounts at the end of 2022. Total streaming (including both paid subscription and advertising-supported) grew by […]

Taylor Swift is IFPI Artist of the Year for third time

23/02/2023

Taylor Swift is IFPI Artist of the Year for third time according to IFPI’s recently published Top 20 Global Recording Artists 2022 chart. This confirms her place as most successful artist in the award’s 10-year history. The Global Recording Artist of the Year Award is calculated according to an artist’s or group’s worldwide performance across digital and physical music formats during the year, from streams to vinyl, and covers their entire body of work. This year […]

Fans around world are listening to more music

17/11/2022

Fans around world are listening to more music according to a recent study by IFPI, representing the recording industry worldwide. Engaging with Music 2022 measured how 44,000 people across 22 countries, the largest study of its kind, engage with music. Engaging with Music 2022 report highlights Average weekly time listening to music grows to 20.1 hours – Music fans are listening to more music today than ever before, spending on average 20.1 hours listening to music weekly (up […]