Music industry revenues rose a tenth last year — overtaking cinema’s pre-pandemic sales peak — on the back of booming streaming platforms and the renaissance in vinyl records.
Annual revenues from copyrighted music were $45.5bn last year, up a quarter since 2021 and double the 2014 figure, according to a report based on data from trade bodies. It compares with cinema box office spending of $33.2bn last year and $41.9bn in 2019, according to media consultancy Omdia.
“Make no mistake: it’s boom time,” said Will Page, the report’s author, a former chief economist at music streaming platform Spotify and a fellow of the London School of Economics.
您已閱讀24%（649字），剩餘76%（2035字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。