K-pop group BTS becomes world’s top artist as global music industry sees boom

Billed as the biggest group in the world, South Korean pop group BTS are known for their record album sales. Since their debut in 2013, the septet consisting of Jin, Suga, J-Hope, RM, Jimin, V and Jungkook have only steadily risen to success both in their hometown and internationally. The year 2021 was no different as they released several top tracks like Butter, Permission To Dance and more.

Additionally, the group met their fans in person for the first time since the pandemic began in Permission to dance on stage concerts in Los Angeles followed by the year-end performance at iHeart Radio. Needless to say, the band added another booming year to their career as they had a booming overseas business. Still, the band’s success has proven beneficial for the overall recorded music market in 2021 as the latest figures from IFPI reveal their heavy contribution.

BTS becomes the best artist in the world, according to IFPI

The official Twitter account of the International Federation of the Phonographic Industry (IFPI) published the Global Music Report 2022 on March 22 unveiling the growth of the industry in 2021. The report also included figures on markets in Asia, Australasia, Europe, Middle East and North Africa and more. IFPI, the organization that represents the recorded music industry globally, revealed that global recorded music revenues soared to $25.9 billion in 2021.

Paid subscription streaming grew the global recorded music market by 18.5% in 2021. According to Variety, the report also released the top 10 global artists who were ranked based on “consumption across all formats and countries, weighted by the value of each mode of consumption.” With notable artists like Taylor Swift, Adele, Drake, Ed Sheeran, The Weeknd and many more in the list, K-pop group BTS tops the prestigious list.

Notably, besides BTS, Seventeen is the only K-pop group in the list of top 10 global artists. Additionally, the report also unveiled the top 10 global digital singles where BTS’s most popular single Butter took fourth place with 1.76 billion streams while Save Your Tears by The Weeknd grabbed the top spot with 2.15 billion streams.

Image: Twitter/@bts_bighit

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