26 02 13

Record label revenues ROSE 0.3% in 2012 thanks to iTunes, Spotify and other streaming music services

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The recorded music industry has finally some good news to celebrate – with global recorded music revenues increasing for the first time since 1999.

The jump may be slight (revenues were up just 0.3% from 2011 to a value of $16.5bn), but the symbolism here is powerful. The IFPI was somewhat circumspect in its wording in today’s Digital Music Report 2013, saying in a press release that “The global recorded music industry is on a path to recovery”.

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Eamonn Forde
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