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IFPI 2016 report sees global streaming revenue up 60.4%

IFPI 2016 report canvas

The IFPI published its annual global music report reflecting on the industry’s 2016 performance. Global revenue increased 5.9% to $15.7 billion. Digital revenue rose 17.8% to $7.8 billion, enough that it now has a 50% share of the global music industry’s total. “If the digital market continues to grow, so too will the overall level of remuneration to artists, as will the levels of overall investment required to create new music whilst helping to drive digital innovation,” IFPI CEO Frances Moore said. Continue Reading