Global recorded music revenues have grown for the tenth consecutive year, up 4.8% to US$29.6 billion in 2024, according to the IFPI’s Global Music Report 2025 . Music Canada is the trade association representing Canada’s major record labels: Sony Music Entertainment Canada, Universal Music Canada and Warner Music Canada. Like its members, Music Canada is a partner to the industry, working with artists, independent labels, publishers, platforms, associations and others, in advancing forward-looking policies to ensure a dynamic and successful Canadian music ecosystem which returns value to music creators.