The IFPI claims that trade revenues for global recorded music sales fell 7.2% to $17 billion last year, with the US and Japan accounting for 80% of the decline. However, 13 countries saw sales grow for the year, including Australia, South Korea, Brazil, Sweden and the UK. Global digital music sales rose by 9.2% to $4.3 billion, accounting for 25.3% of all trade revenues for labels. In the US, digital now accounts for 43% of the market, but only grew by 1.1% last year in terms of revenues. The report hails 12 million tracks available through more than 400 legal music services. However, the IFPI continues to warn about the impact of piracy, citing Spain and Canada, where sales were down 14.3% and 7.4% respectively, as countries “with some of the world’s weakest legal defences against piracy”.
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Tools: Kaiber
In the year or so since its launch, AI startup Kaiber has been making waves,…