Despite signs that streaming subscriber and revenue growth is leveling off, music-consumption volume continued to increase during 2023’s initial quarter, when global music streams reportedly cracked the one trillion mark. The telling data point just recently came to light in a brief release from Luminate (formerly P-MRC Data). According to the company, worldwide on-demand audio streams topped one trillion on March 31st, thereby rendering 2023 “the fastest year yet to reach that milestone.”
Source: Global Music Streams Topped One Trillion During Q1 2023: Report