Global music sales rise for first time since 1999

Rappler.com

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In a picture taken on June 17, 2012, customers browse for music CDs in a shop in Hong Kong. AFP PHOTO / Philippe Lopez
The music industry announced Tuesday, February 26, the first lift in global sales since 1999, suggesting that the long-awaited fightback against the digital revolution has begun. Sales rose 0.3 percent to $16.5 billion in 2012, according to the International Federation of the Phonographic Industry (IFPI), which represents some 1,400 record companies worldwide. The growth may be modest, but for an industry that appeared to be in terminal decline as it also battled against rampant Internet piracy, it was almost cause to break into song.


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