Digital revenues overtake physical as Q1 recorded music market returns to growth
Thursday, May 31st 2012 at 8:43AMIn hugely significant news, this growth was enough to offset a 15.1% decline in physical formats (to £69.3m). Despite the fall, the digital boom ensured overall year-on-year record industry revenues grew by 2.7% to £155.8m in Q1 2012
Digital income from all sources including a la carte, subscription and ad-supported services grew year on year by almost a quarter (23.6%) to £86.5m.
Sales of digital albums contributed substantially to rising digital revenues, with the format's sales increasing by 22.7% to ...
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