The global music industry showed its fourth consecutive year of growth, with an increase of 9.7% in 2018, according to data reported in IFPI’s annu
Canada registered minimal growth in digital music revenues last year and fell to rank 9th among the biggest music market in the world, according to the 2019 IFPI Global Music Report. The good news? Drizzy is No. 1.
The International Federation of the Phonographic Industry (IFPI) has released its annual statistical analysis of the recorded music market worldwide, bullishly noting that 2017 marked the third consecutive year of growth for the pre-recorded music market following 15 years of revenue decline.
The two soulful Canuck superstars had banner years, but it was Ed Sheeran who took the top honour with his blockbuster hit album. Divide.
While Spotify still leads the world in streaming, Apple Music and Google are also players, as is China's Tencent Music Entertainment. In fact, the transition from physical to on-demand music is proving to be an accelerating growth industry with new technologies opening new frontiers.
For the second consecutive year, the Global Music Market posted a revenue increase, driven by streaming and paid subscription.