record 2020 Music

Recorded Music Revenues Rose 7% Globally in 2020 After Rough Second Quarter, Study Shows

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variety.com

Chris Willman Music WriterGlobal revenue for recorded music had a significant bump in 2020, growing by 7% despite the pandemic, according to a new study released by Midia Research.That came despite a second quarter where revenue was down by 3% from the year before, as music took a hit as quarantining kicked in.

By the fourth quarter of 2020, though, revenue growth from year-to-year was up a remarkable 15%, more than making up for those earlier losses.

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