"Latin and K-pop Artists Propel Music Streams to Record-breaking 1 Trillion in 2023"
The global music industry has reached a record-breaking one trillion streams in a calendar year, with a 30.8% increase from last year, according to Luminate's 2023 Midyear Report. Non-English language music, particularly Latin and K-pop genres, has played a significant role in this achievement. Spanish and Korean language music are the most popular among the top 10,000 most streamed songs, with Spanish-language music's share growing and English-language music's share dropping. K-pop dominates the top albums chart, and K-pop fans are more likely to purchase physical formats such as vinyl, CDs, and cassettes.