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Music streams top 1 trillion at the fastest pace yet, reflecting more global industry, report finds

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The global music industry surpassed 1 trillion streams at the fastest pace, ever, in a calendar year, Luminate's 2023 Midyear Report has found. The number was reached in three months, a full month faster than 2022.

Global streams are also up 30.8 per cent from last year, reflective of an increasingly international music marketplace.

According to the report, Spanish, French, Japanese, Korean, Italian, German, and Arabic are the most popular languages for non-Anglophonic music among U.S. music listeners, with Latin genres and K-pop leading the charge. "Furthermore, Spanish-language music's share of that top 10,000 has grown 3.6 per cent since 2021, while English-language music's share has dropped 4.2 per cent in that same time," he says.

 

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