Industry: Global music biz sees 10.2pc growth in 2023, led by Taylor Swift and K-pop
Malay Mail Online - Showbiz·2024-03-23 05:02
NEW YORK, March 22 — Global music revenues were up 10.2 per cent last year to US$28.6 billion (RM135 billion), according figures released yesterday, but record firms are concerned over how to maintain growth in the streaming era.
The biggest artist in the world was — no surprise — Taylor Swift, according to the annual report by International Federation of the Phonographic Industry, which represents global record companies.
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