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Music: The global market is experiencing a new golden age, even if the tempo is slowing down


DECRYPT - In 2022, income from the music world has grown even further, headlined by artists like Taylor Swift.

The music industry keeps the rhythm, even if it is less frenzied than before.

In 2022, the global music sales market continued to grow for the eighth consecutive year.

But half as fast as in 2021.

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Up 9%, revenues reached $26.2 billion, according to the latest figures from Ifpi (International Federation of the Phonographic Industry).

This represents 10 billion more, in just five years.

And more than what this industry brought in at its height, at the beginning of this century, before being rolled by the digital blade.

A more digital market

Paradox: it is precisely this digitization of uses that today makes it possible to breathe new life into a sector that has long been moribund.

Two decades later, the situation is reversed.

CD and vinyl sales account for less than 18% of industry revenue worldwide when music streaming alone now accounts for two-thirds (67%).

Barely ten years ago, in 2012, this figure…

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Source: lefigaro

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