A staff of Audio-Technica places a needle on vinyl record on latest turntables at the Internationale Funkausstellung IFA consumer technology fair, in Berlin, Germany September 1, 2022. REUTERS/Fabrizio Bensch/File Photo
LONDON (Reuters) - Global recorded music revenues grew for the ninth year running in 2023, increasing 10.2% to $28.6 billion mainly thanks to a rise in paid streaming subscribers, a report said on Thursday.
Paid subscriptions to music streaming services exceeded 500 million globally for the first time, with more than 667 million users of such accounts, the IFPI’s Global Music Report said.
