Record revenues for the record industry (if you don’t adjust for inflation)

CMU’s Andy Malt and Chris Cooke review key events in music and the music business from the last week, including the latest stats from the IFPI showing that global recorded music revenues grew 18.5% in 2021, plus a whole load more stats from Spotify aiming to fend of criticism about the money artists and songwriters earn from the platform (although possibly not doing that good a job of it). SECTION TIMES 01: IFPI stats (00:05:50) 02: Spotify stats (00:31:13) (Timings may be slightly different due to adverts) STORIES DISCUSSED THIS WEEK • Global record industry revenues grew 18.5% to $25.9 billion in 2021 • Spotify paid $7 billion to the music industry last year - and other fun stat brags ALSO MENTIONED • Shape Of You song-theft court case concludes • The things people get wrong about streaming (Setlist specials, May 2020) • The things people still get wrong about streaming - dissecting the Economics Of Streaming report (Setlist special, July 2021) MORE FROM CMU • Upcoming CMU webinars • Buy MMF and CMU Insights’ Dissecting The Digital Dollar book on Amazon • Sign up to receive the CMU Daily news bulletin