Based on Thursday's IFPI data:
In 2014, at the financial low point of the music industry, Spotify contributed ~5% of the $13B in global recorded revenues.
In 2023, Spotify made up nearly 25% of $28.6B.
And that has propelled streaming to go from driving <15% of total recorded revenue...to over two-thirds!
This decade has shown us the single most important thing - by far - to driving a vibrant ecosystem in which everyone gets paid (artists, labels, teams behind artists), is streaming growth.
