Music’s ‘Vibecession’: Why Is No One Cheering Record Growth? ...Middle East

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Music’s ‘Vibecession’: Why Is No One Cheering Record Growth?
By some measures, the recorded music business has never been better. U.S. sales grew 8% in 2023 to hit a record high $17.1 billion; streaming continues to grow around the world; and revenue and operating income are rising at the three major labels and many smaller companies as well. The subscription streaming model is appealingly predictable, and the explosion of other forms of online media, from video games to virtual exercise programs, is creating plenty of opportunities for growth. Related

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