Technology
The global recorded music business was up $1.5b in 2020 [report] – The Music Network
Independents were “the big winners” in 2020, according to MIDiA.
The global recorded music industry generated US$23.1 billion in 2020, despite the pandemic.
This is according to a new report from the UKs MIDiA Research and signifies new earnings of $1.5 billion after recording 7% growth from 2019.
This came when many releases were delayed, and there was no marketing support from physical retail, touring and live performance royalties as music venues, gyms and bars closed.
Although the recorded music business experienced a dip in the earlier months of the pandemic,…
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