Downloads FTW: Music industry sees revenue rise for first time since 1999

Back in 1999, global recorded music revenue was at $38 billion (£25 billion converted today) -- and it's been falling ever since.

But that figure is on the rise again for the first time in over a decade. The International Federation of the Phonographic Industry (IFPI) reported Tuesday that its 2012 global recorded music revenue is up 0.3 percent over 2011, reaching $16.5 billion (£10.9 billion).

By: Cyrus Farivar, Edited by: Nate Lanxon

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via Wired.co.uk



http://www.wired.co.uk/news/archive/2013-02/26/label-revenue