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“ Music is the world’s most popular,
inuential, and evergreen art form - but
still undervalued. At the same time, our
business is growing larger, faster, and
noisier - so it’s harder for individual
artists to cut through the clutter. In
this environment, our global reach
and expertise are critical in helping
authentic talents build long careers
and loyal fan bases, while protecting
and promoting the value of music.
Together, we’re pioneering the future,
at the intersection of entertainment and
technology.”
ROBERT KYNCL
Chief Executive Officer,
Warner Music Group
“ In the midst of all the technological
advances with the potential to usher
in a new era of growth, it is essential
that we continue to ght for our
artists and stand up for the creative
and commercial value of music. Our
vision of the future is lled with
possibilities, and working together as a
united community we can make those
possibilities real—for our artists, fans
and the entire music ecosystem.”
SIR LUCIAN GRAINGE
Chairman & Chief Executive Officer,
Universal Music Group
“ We’re at a major inection point in
the music industry once again, with
the advent of generative AI and the
rise of short-form platforms bringing
both opportunities and challenges for
artists and fans. Our music drives the
development of new technology and
innovation, shaping cultural moments
across tech, gaming, TV, lm and
more; whilst demand from fans for
high quality music and content from
world-class artists is stronger than ever,
and continues to grow in mature and
high growth markets. The ght to have
partners recognize music’s true value is
relentless. With any new advancements,
we will continue to ensure they are
creator-friendly, that artists are always
put rst and that art is protected and
given the value it truly deserves.”
ROB STRINGER CBE
Chairman,
Sony Music Group
“ Record labels – be they independents or
majors - don’t just oer artists a range
of services, we oer our passion to those
artists. We want to make their dreams
happen – to make music and express
themselves, and to nd an audience
around the world. In a constantly
evolving industry these things do not
change.”
KONRAD VON LÖHNEYSEN
Managing Director,
Embassy of Music
CONTENTS
GLOBAL MUSIC MARKET IN NUMBERS 2O23
INTRODUCTION
IFPI GLOBAL ARTIST CHART 2O23
IFPI GLOBAL SINGLE CHART 2O23
IFPI GLOBAL ALBUM CHART 2O23
GLOBAL MARKET OVERVIEW 2O23
FIGURES BY FORMAT 2O23
FIGURES BY REGION 2O23
TODAY’S RECORD COMPANIES: INVESTING TIME, ENERGY & RESOURCES IN MUSIC
THE ARTIST PARTNERSHIP AND BEYOND
CASE STUDY: JON BATISTE
POWERING GLOBAL GROWTH
CASE STUDY: FALLY IPUPA
RECORD COMPANIES DRIVING INNOVATION
CASE STUDY: SZA
CREATING AN ENVIRONMENT IN WHICH MUSIC AND CREATORS CAN THRIVE
PHOTO CREDITS
State of the Industry
IFPI Global Music Report 2024 State of the Industry
2
