IFPI In The News

Anghami completes merger with MENA-based Netflix rival OSN+

The combination of the music and video streaming platforms will create an "entertainment powerhouse" in the MENA region, the companies say

Only 1 of the Top 20 best-selling albums globally last year WASN’T by a K-Pop act

The only non-Korean artist present in the Top 20 was Taylor Swift, with 1989 (Taylor’s Version)

Tencent Music President and Chief Technology Officer Zhenyu Xie to exit

Exec will continue to be involved with TME in a consulting capacity

From the ‘secret’ composer behind 650 fake artists to BandLab’s 100m users… it’s MBW’s Weekly Round-Up

This week's biggest stories...

Streaming fraud leads to prison sentence for Danish man in case called ‘historic’ by artists’ groups

Streaming fraud and manipulated audio are two of the biggest headaches in music today, and a criminal case shows how the two go hand in hand

Global recorded music revenues rose 10.2% to $28.6bn in 2023, as paid subscriptions to music streaming services exceed 500m globally

IFPI has published its Global Music Report, which shows global trade revenues for the recorded music industry in 2023

Saudi Arabian media giant MBC quietly bought a 14% stake in Anghami

Anghami's stock price soared 59% in one day, after news of the acquisition went public

Global recorded music revenues grew 9.8% YoY to $35.1bn in 2023, says MIDiA Research

MIDiA estimates that streaming revenues reached $21.9bn in 2023