In 2023, the global music industry experience a notable resurgence, signalling a return to economic vitality and normalcy, particularly within the entertainment sector. This mirrored in MACP’s growth in its overall revenue, notably through a nearly twofold increase in Public Performance Licensing. The surge was fuelled by the pent-up demand for major live events following the pandemic, contributing not only to local concerts but also to international performances headlined by renowned artists such as BlackPink, Jacky Cheung and Coldplay, which set new attendance records.
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