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Billboard has confirmed this week that they are launching a global chart which will compile streaming and sales data from around the world. The first chart is expected later this year.

As borders continue to break down across the international music landscape, Billboard will launch The Global 100 -- the first authoritative chart ranking top songs globally, based on worldwide streams and download sales.

“The launch of The Global 100 marks a major step in the continuing evolution of the Billboard charts,” said Silvio Pietroluongo, senior vp charts and data products. “For decades, the U.S.-based Billboard Hot 100 has been viewed throughout the world as the barometer of success in music. Now, Billboard is proud to present a companion chart that will measure the impact of songs on an international scale.”

The Global 100 will make its debut later this year driven by a Nielsen platform with expanded global measurement tools, covering activity in more than 180 territories around the world. The chart's ranking will be based on a weighted formula incorporating streams on both subscription and ad-supported tiers of leading audio and video music services, plus download sales from top music retailers across the globe.

“The current musical landscape is no longer defined by borders and The Global 100 will further unify the music world by providing the definitive view of today’s top hits,” said Deanna Brown, president, Billboard – The Hollywood Reporter Media Group. “Coupled with the launch of our international music summit, Billboard is once again showing its commitment to being the leading platform for the music industry.”

Added Nielsen Music chief product officer Simon Adams: “Nielsen has served as the trusted data provider for Billboard Charts for more than 25 years in the U.S. and Canada. Leveraging Nielsen’s new global music data expertise and proven methodologies, Billboard will now provide the music industry with a trusted view of chart-ranking artists globally.”