IFPI reveals 2007 recorded music revenues decline
Thursday, May 15th, 2008
The IFPI has published its latest set of data on recorded music sales in 2007, including performance rights revenues as part of the total figure for the first time. Strip those out, and you’e left with recorded music sales of $18.8 billion in 2007, down 4% from 2006. Digital revenues increased by 39% during the year. South Korea was the best market for digital in terms of percentages 61% of recorded music sales there were digital. It was followed by the US (24%), India (17%), Japan (16%) and Canada (11%). None of the other top 20 music markets had double-digit percentages of digital revenue.
