Global recorded-music revenue growth slowed down dramatically in 2022 but still was up 9% according to the year-end report from the International Federation of the Phonographic Industry’s released …
, largely due to an increase in streaming numbers as the world waited at home for the pandemic to lift, a growth in global streaming numbers powered the past year’s lift, which showed total trade revenues for year at $26.2 billion.
Recorded-music revenues grew in every region around the world in 2022, according to the report’s breakouts below: • Australasia experienced growth of 8.1%, an increase on the prior year’s growth rate of +4.7%. Australia remained a top 10 market globally and New Zealand saw a rise in streaming revenues push the overall market to growth of 8.0%.
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