After a slower 2022, global recorded music revenues grew by 9.8% in 2023 to reach $35.1 billion, compared to 7.1% in 2022, more than double the size in 2015.
Streaming revenues hit $21.9 billion in 2023, up 9.6% from 2022. The streaming sector's share of total revenues decreased to 62.5%, marking a significant change in market dynamics.
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