Global music sales up in 12

first_imgLOS ANGELES — When is 13 a lucky number? When it’s the number of years it’s taken for the music industry to post its first yearly increase in global recorded music sales, which is what happened in 2012, according to new figures from the International Federation for the Phonographic Industry.The group’s annual Digital Music Report, issued Feb. 26 in London, noted that overall music sales rose from $16.2 billion to $16.5 billion, or 0.3 percent, from 2011 to 2012, the first time in 13 years that worldwide sales didn’t decline.IFPI Chief Executive Frances Moore said that indicates the long-suffering music business is “well on the road to recovery.” The increase, fractional as it is, reflects a greater availability of digital music services around the world, according to the IFPI report.Digital sales were up 9 percent in 2012 — from $5.2 billion to $5.6 billion — thanks to proliferation of such services in 100 markets last year, compared with only 23 markets a year earlier. Music subscription services also helped, growing 44 percent last year and now claiming 20 million subscribers around the world.Digital makes up more than half of recorded music sales in the U.S., Norway and Sweden, but for the rest of the world, physical CDs and other formats are still the dominant way people purchase and listen to music, the report said.last_img