The IFPI Global Music Report has long been viewed as the definitive snapshot of the international music industry’s health (or otherwise). After all, the global recorded music industry trade body’s report has chronicled both the industry’s long, painful period of physical decline and celebrated its streaming-led return to growth.
But the publication of its 2024 report — launched Thursday at a press conference in London — felt like one of those years when the numbers are slightly lagging behind the real story of what’s happening in the industry.
The statistics, certainly, paint an almost across-the-board picture of a business in good health. Global recorded music revenues were up 10.2% in 2023
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