The world recorded music market grew by 18.5 per cent in 2021, pushed by development in paid subscription streaming, in keeping with IFPI (International Federation of the Phonographic Industry), the organisation that represents the recorded music business worldwide.
Figures launched Tuesday in IFPI`s Global Music Report present whole revenues for 2021 had been $25.9 billion, stories `Variety`.
While the free model of the report doesn’t connect numbers to all of the rankings, they`re fairly fascinating anyway:
The top 10 world artists, primarily based on “consumption across all formats and all countries, weighted based on the value of each method of consumption”, are:
BTS
Taylor Swift
Adele
Drake
Ed Sheeran
The Weeknd
Billie Eilish
Justin Bieber
Seventeen
Olivia Rodrigo
The top 10 world digital singles had been:
The Weeknd `Save Your Tears` (2.15 billion streams)
The Kid Lario, Justin Bieber `Stay` (2.07 bn)
Dua Lipa `Levitating` (1.88 bn)
BTS `Butter` (1.76 bn)
Olivia Rodrigo `Drivers License` (1.73 bn)
Justin Bieber (ft. Daniel Caesar and Giveon) `Peaches` (1.72 bn)
The Weeknd `Blinding Lights` (1.61 bn)
Olivia Rodrigo `Good 4 U` (1.61. bn)
Lil Nas X `Montero` (1.6 bn)
Ed Sheeran `Bad Habits` (1.57 bn)
The top 10 all-format albums had been:
Adele `30`
Olivia Rodrigo `Sour`
Justin Bieber `Justice`
Ed Sheeran “=”
The Weeknd `After Hours`
Dua Lipa `Future Nostalgia`
The Kid Laroi `Fa-Love` (mixtape)
ABBA `Voyage`
Morgan Wallen `Dangerous: The Double Album`
Doja Cat `Planet Her`
And, for good measure, the top-selling vinyl titles throughout the world had been:
Adele `30` (862,000 world models)
Harry Styles `Fine Line` (397,000)
Fleetwood Mac `Rumours` (346,000)
Olivia Rodrigo `Sour` (339,000)
Billie Eilish `Happier Than Ever` (335,000)
Taylor Swift `Red (Taylor`s Version)` (325,000)
The Beatles `Abbey Road` (283,000)
Nirvana `Nevermind` (274,000)
Pink Floyd `Dark Side of the Moon` (272,000)
Taylor Swift `Evermore` (270,000)
According to `Variety`, the report notes that paid subscription streaming revenues elevated by 21.9 per cent to $12.3 billion, with 523 million customers of paid subscription accounts at the finish of 2021.
Opening a press convention in London to announce the report, IFPI CEO Frances Moore expressed concern relating to occasions in Ukraine and the ensuing humanitarian disaster, saying: “IFPI stands with our colleagues across the music community in our support for urgent humanitarian relief for refugees and our call for an end to the violence.”
Commenting on the report, Moore continued: “Around the world, document firms are participating at a really native stage, to assist music cultures and produce on the growth of rising music ecosystems – championing native music and creating the alternatives for it to succeed in a world viewers. As extra markets mature, they be a part of with and contribute to the wealthy, globally interconnected music world.
“Consequently, at the moment`s music market is the best in reminiscence. Fans are having fun with extra music than ever and in so many alternative and new methods. This creates huge alternatives for artists. Those who select to accomplice with a document firm, accomplish that to profit from the assist of agile, extremely responsive world groups of consultants devoted to serving to them obtain inventive and business success and construct their long-term careers.
“As technologies and the online environment continue to evolve and expand, so too do the creative opportunities to share music experiences. From the metaverse, to in-game content, record companies have invested in the people and the technologies to deliver new, highly interactive experiences – adding to the evolving ways for artists to make connections with their fans.”
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