Recorded-music revenues grew in every region around the world in 2022, according to the report’s breakouts below: This challenge is becoming increasingly complex as a greater number of actors seek to benefit from music whilst playing no part in investing in and developing it.” “However, as the opportunities for music continue to expand, so too do the areas in which record companies must work to ensure that the value of the music artists are creating is recognized and returned. “This year’s report tells the continued story of record companies’ commitment to their core mission – working with artists to help them achieve their greatest creative and commercial potential over the course of a career,” said IFPI CEO Frances Moore.
Physical revenues were up 4%, largely thanks to the continued strength of vinyl sales performance rights revenue increased by 8.6% and returned to pre-pandemic levels and synch income soared by 22.3%.
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