IFPI Report: Music streams grow by 24.3% in 2021 - here are the top artists
The International Federation of the Phonographic Industry (IFPI) has released the latest revenue figures, showing an increase in music streams.
There has been an increase in the online consumption of music.
Global Music Report 2022 states that the 'total streaming (including both paid subscription and advertising-supported) grew by 24.3% to reach US$16.9 billion, or 65.0% of total global recorded music revenues.'
This is not the only increase the music industry has seen.
According to the report, the global recorded music market grew by 18.5% in 2021.
In February, the organisation, which represents the recorded music industry worldwide, revealed the top 10 global artists of 2021.
READ: BTS covers Coldplay’s 'Fix You' and it sounds amazing
BTS came out tops, beating the likes of Taylor Swift and Adele.
The ranking was based on consumption across all formats and all countries, weighted based on the value of each method of consumption.
Top 10 global artists
BTS
Taylor Swift
Adele
Drake
Ed Sheeran
The Weeknd
Billie Eilish
Justin Bieber
Seventeen
Olivia Rodrigo
READ: Taylor Swift is the world's highest paid celebrity - Forbes
The top 10 global digital singles:
The Weeknd 'Save Your Tears' (2.15 billion streams)
The Kid Lario, Justin Bieber 'Stay' (2.07 bn)
Dua Lipa 'Levitating' (1.88 bn)
BTS 'Butter' (1.76 bn)
Olivia Rodrigo 'Drivers License' (1.73 bn)
Justin Bieber (ft. Daniel Caesar and Giveon) 'Peaches' (1.72 bn)
The Weeknd 'Blinding Lights' (1.61 bn)
Olivia Rodrigo 'Good 4 U' (1.61. bn)
Lil Nas X 'Montero' (1.6 bn)
Ed Sheeran 'Bad Habits' (1.57 bn)
Top 10 all-format albums:
Adele '30'
Olivia Rodrigo 'Sour'
Justin Bieber 'Justice'
Ed Sheeran '='
The Weeknd 'After Hours'
Dua Lipa 'Future Nostalgia'
The Kid Laroi 'F— Love' (mixtape)
ABBA 'Voyage'
Morgan Wallen 'Dangerous: The Double Album'
Doja Cat 'Planet Her'.
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