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Streaming helps boost 2018 music industry sales

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International music body says it is much more optimistic now, describing a previous period when ‘we only had bad years’

London — Worldwide music sales rose nearly 10% in 2018, a fourth consecutive year of growth fuelled by online streaming, according to figures released on Tuesday by an industry body.

“We are now much more optimistic,” said federation CEO Frances Moore, describing the period prior to recent growth as a “mourn-fest” when “we only had bad years”. The streaming sector, which includes subscription fees and advertising income, grew 34% to reach $8.9bn in 2018.

 

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