Global music revenues were up 10.2 percent last year to $28.6 billion, according figures released Thursday, but record firms are concerned over how to maintain growth in the streaming era.
The biggest artist in the world was — no surprise — Taylor Swift, according to the annual report by International Federation of the Phonographic Industry, which represents global record companies.
Swift was followed closely by two Korean bands, Seventeen and Stray Kids, reflecting the increasing spread of K-Pop.
The biggest singles in the world were “Flowers” by Miley Cyrus, the only song to surpass 2 billion streams (2.7 bn), followed by “Calm Down” by Rema and Selena Gomez (1.89 bn) and “Kill Bill” by Sza (1.84 bn).