In an awe-inspiring revelation from Luminate (formerly P-MRC Data), it has been unveiled that despite early signs of streaming subscriber and revenue growth stabilizing, the music-consumption volume has skyrocketed to unprecedented heights in 2023’s first quarter. Brace yourself for this mind-blowing data point: global music streams have shattered the one trillion mark, sending shockwaves through the music industry. March 31st will forever be remembered as the day when the impossible became possible, making 2023 the fastest year on record to achieve such a monumental feat!
