In March of this year, Luminate’s data revealed that the global music industry surpassed ONE TRILLION streams at the fastest pace yet from the start of a calendar year – taking only three months. That milestone was reached a full month earlier in 2023 than it was in 2022. Our data also revealed that physical sales were up across all formats in Q1 and that ISRCs (tracks) were being created and uploaded at higher volumes and pace than in previous years. In the following report, we explore these trends and how they are defining the state of the music industry in the first half of 2023. As always, we hope our findings are both informative and enlightening. Luminate is committed to being a trusted, objective and accurate data source reflecting and serving the entertainment industry at-large, helping to bridge gaps in any business planning. The Charts included in this report are presented by Billboard, Luminate’s exclusive chart partner for more than three decades.
In this report we dive deeper into three key trends: Bands, Brands & Superfans, Locals, Lyrics & Languages and The Impacts of New Tracks
