Revenues from music recordings grew by 2018% worldwide in 9,7. This is stated in the 'Global Music Report 2019' of IFPI, the umbrella organization of the music industry.

Revenue from streaming even grew by 34%. As a result, streaming is currently responsible for 47% of worldwide revenue. More than 255 million users had a subscription to a paid streaming service at the end of 2018, a share of 37% of total revenue.

According to the IFPI report, the total turnover of the music industry in 2018 was $ 19,1 billion. It is the fourth consecutive year that sales are growing. The fastest growing markets are Latin America and Asia.

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