IFPI: Global record industry grew for first time in 13 years in 2012

Tom Pakinkis

The global trade value of the recorded music grew for the first time since 1999 in 2012, according to the IFPI.

The landmark growth figure comes in the international trade body’s new Digital Music Report 2013, which states that the music industry grew by 0.3% in 2012 – the best result since 1998 “and a sign that the improvement in market conditions seen in 2011 has been sustained.”

The report also declares that digital revenues in 2012 reached $5.6 billion ...

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