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The Music Industry Made the Most Revenue Since 2002 - Top 10 Earning Acts Revealed!

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The music industry is managing to endure the pandemic – and made the most revenue in nearly two decades. The industry brought in $21.6 billion dollars in 2020, the highest figure since 2002, according to the IFPI’s annual Global Music Report, via BBC on Tuesday (March 23).

Overall revenue increased by 7.4%, led by several superstar acts, with an increasing dominance of streaming services: 62.1% of all revenue came from streaming, or $13.4 billion, generated by more than 443 million users. (Note: the figures do not include live music revenue.) The increase in revenue is a reminder of “the enduring power of music to console, heal and lift our spirits” amid the pandemic, according to chief executive Frances Moore. “Some things are timeless,

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