The global recorded music business generated over $50m a day last year – and more than $2m of it went to DIY artists

The worldwide recorded music industry generated $21.5bn across all formats last year, growing 11.4%, according to Midia Research. Some 56% of that, or $11.9 billion, came from streaming platforms like Spotify, Apple Music, Amazon Music and YouTube. Interestingly, Midia has revised upwards its preliminary estimate for the ‘artist-direct’ sector, i.e. those DIY artists independently uploading their own music via platforms like Amuse, Ditto, TuneCore, CD Baby etc.

Source: The global recorded music business generated over $50m a day last year – and more than $2m of it went to DIY artists

Post a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get the latest RightsTech news and analysis delivered directly in your inbox every week
We respect your privacy.