Global recorded music industry revenues topped $20bn last year but streaming growth slowed

The global recorded music industry generated $20.2bn in wholesale revenues – that’s the money making its way back to labels and artists – in 2019. This figure was up 8.2% on the prior year ($18.7bn), according to official industry data revealed in the latest IFPI Global Music Report today (May 4). Bright spots for record companies in 2019 included a softening of physical music revenue declines – down by just 5.3% year-on-year to $4.4bn…

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