Malaysia’s music industry hits record revenue of RM303.89 Million in 2023

: Local music industry achieved a historic revenue of RM303.89 million in 2023, marking the highest income ever recorded, surpassing the previous record of RM300 million set in 1998., there is a 57% increase over the last three years, was driven by a 53% rise in digital sales and a 70% surge in collections by Collective Management Organizations such as Public Performers Malaysia , Music Copyright Protection Body Berhad , and Recording Performers Malaysia Berhad .

Recording Music Industry Association of Malaysia chairman Rosmin Hashim said the industry relies on royalties from recordings and the copyright protection needs to be extended from 50 years to at least 70 years. “This includes 17 of the top 20 music markets in the world which also includes some of Malaysia’s main trading partners such as Singapore, the United States and Japan,“ he said at the 2024 Music Industry Mercy Donation Ceremony organised by RIM and PPM, recently.

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