Latin America: music industry key figures 2017

Selected key figures regarding the recorded music industry in Latin America in 2017

Latin America: music industry key figures 2017 This table presents the selected key figures of the music industry in Latin America in 2017. In 2017, the recorded music industry in the region saw a growth of nearly 49 percent in streaming revenues, counting between 15 to 16 million paid music streaming accounts on different online music services. Although streaming has been able to break several geographic barriers, the region's main challenge remains the lack of subscription options in a region where people tend to prefer free music consumption and in which a large number of consumers do not own a credit card.
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Selected key figures regarding the recorded music industry in Latin America in 2017

Streaming revenue growth (in percent)48.9
Revenue growth (in percent)17.7
Number of music streaming paid accounts* (in millions)16
Number of Latin international breakout hits a year**10
Number of times the 2017 song Despacito was streamed worldwide*** (in billions)7.5
Streaming revenue growth (in percent)48.9
Revenue growth (in percent)17.7
Number of music streaming paid accounts* (in millions)16
Number of Latin international breakout hits a year**10
Number of times the 2017 song Despacito was streamed worldwide*** (in billions)7.5
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This table presents the selected key figures of the music industry in Latin America in 2017. In 2017, the recorded music industry in the region saw a growth of nearly 49 percent in streaming revenues, counting between 15 to 16 million paid music streaming accounts on different online music services. Although streaming has been able to break several geographic barriers, the region's main challenge remains the lack of subscription options in a region where people tend to prefer free music consumption and in which a large number of consumers do not own a credit card.
Show more
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