MIDiA Research 2023-2030 global music forecasts
Speed bump

2022 was a tumultuous year for the global economy, with factors such as high rates of inflation, rising interest rates, a growing cost-of-living crisis, post-Covid supply chain issues, and the Russo-Ukrainian war causing economic dislocation.While the recorded music business was far less affected than many other industries, it was impacted, especially in ad-supported formats, due to the softening of the digital ad market.