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Major rise in global music sales for first time since 1998: trade group

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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, the global trade body said Tuesday.

[NEW YORK] 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, the global trade body said Tuesday.

Recorded music revenue expanded by 3.2 per cent in 2015 worldwide to US$15 billion, fueled by an extraordinary growth in subscriptions to streaming services, according to the International Federation of the Phonographic Industry.

AFP

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