Streaming drives 7.4% global music growth in 2020

Paris: The global recorded music business grew by 7.4 percent last year, an industry body said Tuesday, as streaming continued to drive a fast-paced recovery from the doldrums of the piracy era.

The return of vinyl continued unabated with sales up 23.5 percent on the year before, while CDs continued their steady decline, down 11.9 percent, according to the annual report by the International Federation of the Phonographic Industry (IFPI).