Global recorded music revenues reached $17.4 billion in 2017, putting it just a hair below 2008’s $17.7 billion in revenues. That means that most of the decline in recorded music revenues over the past 10 years has now been reversed.
The last 10 years isn’t when the biggest decline occurred. Revenues are nowhere near their pre-mp3 peak, which was around $40 billion when adjusted for inflation.
