IFPI digital report: annual music download revenues top $5bn for first time

The global trade body's Digital Music Report 2012 shows that worldwide digital music revenues hit an estimated US$5.2 billion in the year - up from the $4.8 billion recorded in 2010.

The 8% climb compares favourably to year-on-year growth of 5% in 2010 - and represents the first time the figure has increased since IFPI started measuring digital revenues in 2004.

Meanwhile, major international music services are now available in 58 countries, say IFPI figures, up from 23 in January ...

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