“Digital driving recorded music industry towards recovery”
- Global recorded music revenues up 0.3 per cent, boosted by downloads, subscription and other channels
- Digital revenues up 9 per cent, with major music services now open in more than 100 markets
- Music is helping fuel the digital economy, but barriers to growth need to be addressed
The global recorded music industry is on a path to recovery, fuelled by licensed digital music services and rapid expansion into new markets internationally. Recorded music is also helping drive a broader digital economy, according to IFPI's annual Digital Music Report.