LONDON—Turn on, tune in and stay at home. That’s what millions of music fans did in 2020, with a rise in subscription streaming leading global recorded music revenue growth of 7.4 percent.
The market reported total revenues of $21.6 billion, marking its sixth consecutive year of growth, industry trade body the IFPI said in its Global Music Report on Tuesday.
The year’s top five best-selling artists were K-pop stars BTS, songstress Taylor Swift, rapper Drake, singer The Weeknd and teen sensation Billie Eilish.
“As the world contends with the COVID-19 pandemic, we are reminded of the enduring power of music to console, heal and lift our spirits,” IFPI chief executive Frances Moo…
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