for the first time since 1999.
"Music sales grew last year for the first time since 1999, the Financial Times reports. According to trade association IFPI, which compiled industry figures for 2012, this slight increase in recorded music revenues was driven by digital downloads and subscription service fees.
These digital sales represented a third of 2012 global music revenues, worth $16.5 billion. With a 9 percent year-on-year growth, they made up for the 5 percent decline in physical record sales, resulting in a 0.3 percent overall increase. ?The global recording industry has moved on to the road to recovery,? said Frances Moore, chief executive of IFPI, quoted by the FT."
http://thenextweb.com/media/2013/02/...digital-sales/
Illegal music sharing down 17% in 2012 thanks to decent alternatives. Burning CDs down 44%. Hard drive swops down 25%. File lockers down 28%
http://thenextweb.com/media/2013/02/...ming-services/
They had it good, like porn, for years. They sold the same content on different media to people and gauged them. So much so, there was an EU wide inquiry into their overpriced shit.
They stuck their heads in the sand and pretended not to hear their customers, like porn, for years.
Then, finally they realised online was their future, now they are seeing the revenues from that work for them.
Lessons to be learned?
Discuss...