The global music industry reached an all-time high in total revenue last year, driven by massive growth in streaming subscriptions. And, for the second year in a row, Sub-Saharan Africa was the fastest growing region in the world – with South Africa remaining the biggest music market in Africa.
“Growing in value by 10.2% – the second highest growth rate on record – the global recorded music market was worth US$28.6-billion in 2023,” the International Federation of the Phonographic Industry (IFPI) said in its annual report…
