Recorded music market 2021 Red letter year

MIDiA suggested in 2020 that 2021 was going to be a strong year for the recorded music market. Indeed, 2021 turned out to be the fastest-growing year in living memory, with growth across most formats – compared to in 2020, when streaming was the only growth segment. Streaming was the growth engine once more, also registering record growth in 2021.

Methodological notes: 

1. All revenue            referenced in this report are            USD with all conversions from            currencies calculated taking the average            exchange rate for each quarter            the year. No constant currency            are used in this report.
2. Independent revenue            measured on a distribution basis,            an ownership basis. Therefore, independent            that is distributed via a            record label or a wholly            major label distributor will appear            the revenue of the respective            record label.