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

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 99%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines