Music Industry Grows First Time in a Decade on Digital Adele
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The worldwide recorded music industry’s revenue grew 0.3 percent to $16.5 billion last year, the first increase in more than decade, as more people downloaded music and used online streaming sites.
Adele’s “21” was the best-selling album and Carly Rae Jepsen’s “Call Me Maybe” was the best-selling single, an industry group representing music labels said in a statement today. Digital sales rose 9 percent to $5.6 billion and now account for about 34 percent of total revenue, according to the International Federation of the Phonographic Industry.