The IFPI released its annual Digital Music Report yesterday, with the headline figure being the 12% increase in global digital music trade revenues to $4.2 billion last year – 27% of label income. Digital album sales grew by 20% last year, and now account for 20% of all digital sales in the US, and 40% of label revenue. However, overall global trade revenues fell by 10% to $15.8 billion for the year, with the IFPI warning that Spain, France and Brazil in particular are “suffering acutely” from piracy still.

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