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Carly Rae Jepsen
© AP / Carly Rae Jepsen
Recorded music industry posts first revenue growth in 13 years
By Eriq Gardner, The Hollywood Reporter

The Hollywood Reporter -- Two new studies released Tuesday provide some welcome news for the music industry.

The International Federation of the Phonographic Industry reports that global revenue rose 0.3 percent last year to $16.5 billion. Although the revenue bump was modest, the IFPI says that it was the first sign of industry growth since 1999.

Digital income is fueling the economic improvement. Revenue from downloads, subscription and advertising-supported ventures grew 9 percent to $5.6 billion in 2012. The IFPI also reports that the number of people paying to use subscription services leapt 44 percent to 20 million worldwide.

Bing: Madonna is top music earner

"It is hard to remember a year for the recording industry that has begun with such a palpable buzz in the air," says IFPI chief executive Frances Moore.

The recording industry has been battling digital piracy since Napster was launched in 1999.

Another study out Tuesday from the NPD Group said that music file sharing declined "significantly" in 2012.

The NPD Group estimates from consumer surveys that 11 percent of Internet users ages 13 and older used P2P services to download music in 2012. That's down from one in five Internet users who were downloading at the P2P peak in 2006. It's also a steady trend. Last year, for example, NPD reported that 13 percent of Internet users were downloading music from P2P.

As for volume, NPD says there was a 26 percent decline in illegally downloaded music. Music consumers also are shifting their habits even on legal music sharing. Music files burned and ripped from CDs owned by friends and family fell 44 percent, and music downloads from digital lockers decreased 28 percent.

"For the music industry, which has been battling digital piracy for over a decade, last year was a year of progress," said Russ Crupnick, senior VP industry analysis at NPD.

No surprise who were the biggest sellers in 2012.

Carly Rae Jepsen topped the 2012 global singles chart with "Call Me Maybe," which moved 12.5 million units. On the album front, Adele proved her staying power with "21," which was the year's biggest seller at 8.3 million units sold despite being released in early 2011, and is comfortably ahead of Taylor Swift's "Red" at 5.2 million.

Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
5Comments
Feb 27, 2013 6:23AM
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Remember when these artists were all up in arms about music on the internet??? How will we make $$$?? They said the same thing about the radio."Call Me Baby" topping the charts...LOL!

Feb 27, 2013 6:16AM
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With the rise of streaming apps like Pandora I think people are less likely to download music for free. Alos most songs I can purchase for 99 cent which is ok with me because its usually only 2 or 3 songs on most albums that I like anyway.
Feb 27, 2013 5:50AM
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Call Me Maybe is a sh1tty song and should really be boycotted from the music industry. Unfortunately, people are too stupid to do that and enjoy listening to this crap.
Feb 27, 2013 5:08AM
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All that money and no talent....who buys that crap?
Feb 26, 2013 1:25PM
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not surprising...when each passing year MORE and MORE crap is being released....

NOT one decent song has been released in the last 10-15 years....

just the same old rehash and crap rap year after year...

 

just like the movie industry....same old crap rehashed

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