Music sales post small rise in 2012
LONDON (Reuters) The music business broke a 12 year losing streak in 2012, posting a small but symbolic 0.3 percent rise in trade revenues to $16.5 billion, figures from the International Federation of the Phonographic Industry (IFPI) showed on Tuesday.
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The slight increase will come as a relief to record label bosses who have watched the value of sales plummet from a canadian goose jacket peak of $28.6 billion in 1999, as illegal downloads and a reluctance to Canada Goose Jackets embrace the digital age hit revenues hard.
Once again it was the digital uk canada goose outlet sector that showed the strongest growth, and for the first time more than compensated for losses in physical revenues.
the beginning of the digital canada goose uk outlet revolution it was a common Canada Goose Coats On Sale theme to say digital is killing music, said Edgar Berger, president, international, at Sony Music Entertainment.
the reality is, digital is saving music. I absolutely believe that this canada goose clearance marks the start of a global growth story. The industry has every reason to be optimistic about its future.
Record companies digital sales rose about nine percent last year over 2011 to $5.6 billion and accounted for 34 percent of canadagooseoutlet4online income overall.
Download sales increased 12 percent to 4.3 billion units globally. Digital album sales rose 17 percent to 207 million.
Subscription services such as Spotify and Deezer of age last year, according cheap canada goose uk to the IFPI, and are expected to cross the 10 percent mark as a share of total digital music revenues for the first time.
Spotify has more than five million paying subscribers compared with three canada goose clearance sale million at the end of 2011, and is the second largest source of digital music revenue in Europe.
Deezer has also expanded rapidly, reaching three million paying subscribers worldwide.
GLOBAL REACH IMPROVES Executives said jacket the increasing number of digital platforms had helped companies broaden their revenue base, and more services coming on stream were good news for the business.
recently, the vast majority of our revenues came from a handful of countries, said Stu Bergen, head of global marketing, recorded music, at Warner Music Group.
digital channels mean we can monetize markets worldwide much Canada Goose sale more Canada Goose Outlet effectively.
There are ongoing tensions, however, between record labels and the technology companies who distribute their music, particularly over how revenues are shared and who has the real power in a rapidly shifting business landscape.
According to the canada goose coats on sale IFPI, the most canada goose store successful album of 2012 was British singer Adele which sold 8.3 million copies from 18.1 million in 2011. singer Lana Del Rey came fifth with to Die (3.4 million).
In the digital singles charts, Canada Carly Rae Jepsen claimed the buy canada goose jacket cheap crown with Me Maybe (12.5 million copies sold) followed by Belgian Australian Gotye Canada Goose Parka with That I Used to Know canada goose factory sale and Psy of South Korea with Style
Brazil Michel Telo was Canada Goose online sixth with Se Eu Te Pego
While the focus was on growth in the digital sector, physical format sales still accounted for 58 percent of revenues in 2012 down from 61 percent in 2011, and declines in the CD market in many canada goose countries continued to pose major challenges.
The IFPI, which represents the recorded music industry led by three labels Universal, Sony and Warner Music Group, also stressed the role the music industry played in the broader digital and social media explosion.
Officials vowed to continue their canada goose uk black friday fight against online piracy by urging Internet service providers to block access to illegal Canada Goose Online sites, demanding search engines to prioritize legal providers and discourage advertisers from featuring buy canada goose jacket commercials on illegal sites cheap Canada Goose.