Streaming brings music industry first growth in nearly 20 years
The recorded music industry has enjoyed its first significant growth since the dawn of the Internet age, as streaming led digital to overtake physical sales, a global trade body said Tuesday. Recorded music revenue expanded by 3.2 percent in 2015 worldwide to $15 billion, fueled by an extraordinary growth in subscriptions to streaming services, according to the International Federation of the Phonographic Industry. The growth is the first uptick in the music industry at a more than marginal level since 1998, when sales grew 4.8 percent year-on-year.
Source: Yahoo Music
Link: Streaming brings music industry first growth in nearly 20 years