Streaming makes Brazil world’s 9th biggest market for music
In 2023, Brazil ranked ninth in the world’s top ten music markets—a remarkable performance chiefly boosted by streaming.Last year, the Brazilian music market had revenues of BRL 2.864 billion, up 13.4 percent from the previous year.The data can be found in a report released Thursday (Mar. 21) by Pro-Música, the organization that represents Brazil’s main record labels and producers. The result for last year more than triples the turnover of the domestic music market over the last six years.Brazil has appeared in the ranking of the world’s top ten music markets for seven consecutive years.The growth in 2023 exceeds the expansion of the global market (10.2%), whose revenues reached $28.6 billion in the period, also influenced by streaming.In an interview with Agência Brasil, Pro-Mús...