Sales of recorded music on the rise
Global sales of recorded music have developed positively for the seventh year in a row: Global industry sales in 2021 amounted to a total of 25.9 billion US dollars.
This represents an increase of 18.5 percent compared to the previous year, as the International Federation of the Music Industry IFPI, the umbrella organization of the German Music Industry Association (BVMI), announced in London when it published its annual Global Music Report.
Revenue from paid streaming subscriptions, which increased by 21.9% to USD 12.3 billion, played a significant role in this development. At the end of 2021, there were a total of 523 million paid subscriptions. Streaming as a whole, i.e. paid and ad-financed access, grew by 24.3% to USD 16.9 billion, which corresponds to 65% of global industry revenue.
However, growth in physical formats (up 16.1%) and performance rights (up 4%) also contributed to this development. Germany remains in fourth place in the ranking of global music markets after the USA, Japan and the UK.
