Musical cuisine will be released in 2024 with streaming signature inspiration
Chanda Streaming increased by 4.8%of global music revenues recorded tenth year in 2024.
The International Federation of Phenographic Industry (IFPI) has released its world music report annually, up from 10.6%to 752 million worldwide.
For the first time, earnings were exceeding 20 billion, payment signatures increased by 9.5%, and advertising -based formats rose 1.2%. Income from enforcement rights reached 5.9%and US $ 2.9 billion.
Income from physical shapes after strong 2023 fell from 3.1%to $ 4.8 billion. While recipes for CDs and music videos have fallen, vinyl recognizes the 18th year growth, which has increased 4.6%.
“An important role in playing music in most parts of our life is proven to the continuous growth of the world industry,” said Victoria Okley, the Chief of IFPI.
“Investment, developing technologies and investments in artists and the growing world music ecosystem have a great potential for greater improvement.”
Income in all areas increased, the Middle East and North Africa 22.8%, then Sub -Saharan Africa, 22.6%, and Latin US 22.5%.
Europe, which is more than one -fourth of the global recorded musical cuisine, has a growth of 8.3%. Astral’s earnings increased by 6.4%.
The United States and Canada, which represent 40%of the world’s revenue, were up 2.1%, while the third largest area Asia had a gain of 1.3%.
Okley noticed the ability of AI to improve the creativity of artists and develop the experiences of new fans, but warned that the copyright -protected songs produced AI systems developers to train their models without authority from their ownership.
“We are asking policy designers to protect music and art,” she said. “We need to take advantage of the AI ability to support and extend human creativity. It should not be replaced.”
