Top artists on the Billboard Global Excl. U.S. chart in the past year include NewJeans, Jung Kook, Peso Pluma, Karol G, Taylor Swift, Bad Bunny and The Weeknd.
In fact, although the United States and Canada had a collective global recorded-music revenue increase of 7.4% in 2023, that was the lowest regional growth rate measured last year by IFPI. That figure was surpassed by Europe at 8.9%, Australasia at 10.4%, the Middle East and North Africa at 14.4%, Asia at 14.9%, Latin America at 19.4% and Sub-Saharan Africa at 24.7% .
Miley Cyrus’ “Flowers,” promoted worldwide by Sony Music Entertainment, became the top-selling global single of 2023, as ranked by IFPI.Across its many divisions, Downtown flexed its “full strength” in 2023, van Rijn says. In the last year, Downtown purchased royalty processing company Curve Royalty Systems, combined Adrev and FUGA to help bolster monetization for user-generated content and established new partnerships with BandLab and Spirit Music Group.
YouTube’s focus on fostering growth and innovation in areas such as short-form content and AI has resulted in success for the iconic brand. Both YouTube Premium and YouTube Music surpassed 100 million subscribers, while Shorts climbed to an average of over 70 billion daily views, with the number of channels uploading Shorts growing more than 50% year over year, according to the company.