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Australia’s Record Business In 2019 Posts Best Result In 15 years, Powered by Streaming

Australia covid-19 2020 crisis Coronavirus
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Last year seems a lifetime ago. It was certainly a happy time for the Australian recorded music industry, which posted its fifth consecutive year of growth, with streaming services again leading the way, new data shows.Revenue grew in 2019 to A$555 million ($350 million), up 5.5 per cent from the previous year, with streaming services injecting an additional A$70 million ($44 million) into the industry compared with the 2018 result.Streaming was the pumping heart of the Australian industry in 2019, generating $445 million ($280 million), or more than 80 per cent of the overall music market, according to wholesale figures published Wednesday (April 22) by ARIA.The streaming category, which grew 18 per cent year-on-year, includes data.

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