The IFPI’s report paints a picture of how the global music industry shaped up in 2024. The IFPI (International Federation of the Phonographic Industry) has released its Global Music Report 2025, revealing that global recorded music revenues grew by 4.8% in 2024, reaching $29.6 billion. This comes a few days after MiDIA’s estimated report, which was a little more generous While the growth rate has slowed compared to previous years, the industry continues to expand, driven largely by streaming, regional market developments, and increased investment in artists. Revenue breakdown The growth of streaming continues to dominate the recorded music industry,…