Streaming accounted for 67 percent of global recorded music revenues last year, as the number of users of paid streaming subscriptions offered by Spotify and other platforms continued to soar.
Via Felix Richter at Statista :
Global music industry revenues grew by 9 percent in 2022, the eighth consecutive year of growth for the music industry that had previously struggled with declining revenues for 15 years
Streaming accounted for 67 percent of global recorded music revenues last year, as the number of users of paid streaming subscriptions offered by Spotify and other platforms continued to soar.
In 2022, 66 million people jumped on the streaming bandwagon, bringing the total of global subscription users to 589 million by the end of 2022.
Streaming subscriptions have grown relentlessly over the past decade. Starting out at 8 million in 2010, the number of users of paid music subscriptions passed 100 million in 2016 only to grow almost five-fold again over the next five years.
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