[HIGHLIGHTS] Music industry breaks new records: "Will continue to grow"

In the 90s, the CD became a profit machine for the music industry. In 2013, revenues hit rock bottom and landed at $13.1 billion.

In 2022, total revenue came in at $26.2 billion, and streaming services today account for 67 percent of the industry's revenue. However, many artists testify that the remuneration from the streaming giants is too low. Nearly 90 percent of artists surveyed in Europe say that they are paid too little, according to the IAO.