The IMS Business report 2022 reveals continued growth driven by a rise in streaming as well as physical music sales.
The yearly IMS (Internation Music Summit) business report for 2022 has just taken place, seeing hundreds of musical and industry experts gather to hear exactly what’s currently shaping the industry and how well it’s doing as a whole. The 2022 IMS business report reveals to us the staggering growth that occurring within the industry with the recording music industry crossing $26 billion across all genres, an 18% growth from last year.
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