Major label executives have warned there will be “bumps in the road” ahead, despite the global recorded music market growing by 5.9% to £12.16 billion last year.
The rise compares with 3.2% growth in 2015 and sees digital income account for half the global recorded music industry’s annual revenue for the first time.
The findings formed part of IFPI’s latest Global Music Report, which revealed that there were 112 million users of paid music streaming subscriptions by the end of ...
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