Edgar Berger: 'Paid subscription model will secure music industry's future'
Sony Music Entertainment president and CEO, Edgar Berger (pictured), has said that paid streaming subscription "will return the music industry to growth", after IFPI revealed figures showing subscription services now represent 23% of the global digital market.
Berger made the comments at IFPI's press briefing in London yesterday, but said "what happens beyond streaming" is anybody's guess.
Despite strong growth in streaming revenues, the statistics showed that overall global record industry revenues dipped by 0.4% last year. ...
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