ID:
1554209419382837300
Tue, 2019-04-02 12:48
LONDON: Worldwide music sales rose by nearly 10 percent in 2018, a fourth consecutive year of growth fueled by online streaming, according to figures released on Tuesday by an industry body.
Revenues reached $19.1 billion last year, the International Federation of the Phonographic Industry, which represents the recorded music industry worldwide, said in its Global Music Report 2019.
“We are now much more optimistic,” said IFPI chief executive Frances Moore, describing the period prior to recent growth as a “mourn-fest” when “we only had bad years.”
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