Global music revenues grew at the fastest rate in more than two decades last year, with help from artists like BTS, Taylor Swift and Adele.
Revenues surged by 18.5% to US$25.9 billion in 2021, the highest level this century.
The growth was driven by streaming, with 523 million paid subscribers, up from 443 million in 2020.
Streaming now accounts for 65% of total revenues, with CDs, vinyl and cassettes making up 19% and downloads 4%.
[Source: BBC]
Stay tuned for the latest news on our radio stations
