Taking in $19 billion, industry has something to sing about

The global recorded music market grew 9.7 percent last year, the fourth consecutive year of growth, says the International Federation of the Phonographic Industry, made up of about 1,300 major and independent companies in almost 60 countries, and which promotes the interests of the international recording industry.

The federation's Global Music Report 2019, published on April 2, said total revenues for last year were $19.1 billion. China, a new entrant in the global top 10 the previous year, rose to seventh position in 2018.

"One of the most exciting aspects of this global growth is the regions driving it," says Frances Moore, the federation's chief executive.