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Australia’s Recorded Music Industry Posts 10.9% Growth For 2023

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The nation’s record market lifted by 10.9% to A$676 million, powered by subscriptions to music streaming brands.

, the labels trade association, the nation’s record market lifted by 10.9% to A$676 million , powered by subscriptions to music streaming brands.

All digital products combined, including downloads and video streams, account for a sum upwards of A$616.1 million , a 12% year-on-year lift. In other words, more than 90 cents in the record industry’s dollar is generated by digital. An overall strong market report is masking a problem that Australia’s music community is trying desperately to crack — how to break more homegrown in Australia and abroad?is flush with case studies on the success of Afrobeats, Latin music, K-pop, and blockbuster acts from North America and the U.K., acts from the land Down Under aren’t stealing the limelight.

 

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