The transition from physical to digital media hasn't been a pretty one for the music industry, but it seems that the hard times might soon be over. The International Federation of the Phonographic Industry (IFPI), which is a non-profit organization that represents the worldwide recording industry, just announced that music revenues grew in 2012, the first time that's happened since 1999. While that's good news for those who make their money from recorded music, it's a bit early to call this a full turnaround — revenues only grow a tiny 0.3 percent year-over-year.
Still, when you've been on a 13-year downturn, you need to look for good news where you can find it. Digital music sales have unsurprisingly been the primary growth drivers...
via The Verge - All Posts http://www.theverge.com/2013/2/26/4031912/music-industry-grew-revenue-for-first-time-since-1999
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