Streaming in Brazil dominates as recorded music industry displays encouraging growth

Recorded music revenue is up 21% in first half of 2024, signalling positive outlook for rightsholders. The Brazilian music industry is experiencing a remarkable surge in growth this year. Recent data reveals a significant increase in revenue, reflecting the evolving dynamics of the global music landscape. The first half of 2024 has been a fantastic period for Brazil’s music industry, which has seen a significant boost in recorded music revenue. According to recent reports, the industry grew by 21% compared to the same period last year. These revenues can be attributed to streams and sales, however one outweighs the other…