2016 was the year when the music industry grew bigger than ever before! And to put that exact thought into figures, the IFPI (the International Federation of the Phonographic Industry) have now released their annual Global Music Report for the year gone by. While global revenue witnessed a 5.9% growth, physical revenue fell by 7.6% and download revenue saw a major dip of 20.5%. On the other hand, streaming continued to make big strides once again as streaming revenue grew by a whopping 60.4% in 2016.
Shifting focus to the list of the top 10 singles of 2016 compiled by IFPI, we see Drake’s ‘One Dance‘ featuring Wizkid and Kyla take the top spot. With tracks ranked on the basis of actual digital sales and track-equivalent streams both combined, pop heavyweights Justin Bieber, Sia, Rihanna also managed to secure their place on the list alongside two of The Chainsmokers‘ biggest hits namely ‘Closer‘ featuring Halsey and ‘Don’t Let Me Down‘ featuring Daya which grabbed the third and eighth spot respectively.
Peep the full list below. You can check out the full report here.
1. Drake – “One Dance (ft. WizKid and Kyla),” 12.5 million
2. Justin Bieber – “Love Yourself,” 11.7 million
3. The Chainsmokers – “Closer (ft. Halsey),” 11.7 million
4. Sia – “Cheap Thrills,” 11.1 million
5. Justin Bieber – “Sorry,” 10.8 million
6. Rihanna – “Work (ft. Drake),” 10.6 million
7. Lukas Graham – “7 Years,” 10.4 million
8. The Chainsmokers – “Don’t Let Me Down (ft. Daya),” 10.2 million
9. Mike Posner – “I Took A Pill In Ibiza,” 10.0 million
10. Twenty One Pilots – “Stressed Out,” 9.9 million
H/T: Your EDM
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