IFPI: Global Music Industry Revenue Increased In 2012
February 26, 2013

The IFPI (International Federation of the Phonographic Industry) has released its report on global music industry revenue for 2012, and with a 0.3 percent increase in revenue to $16.5 billion, last year was the first for industy growth since 1999. The increase was attributed to downloads, subscription services and other channels, as digital revenue specifically was up nine percent (to $5.6 billion) compared to 2011. The IFPI's report also notes that "in January 2011, the major international download and subscription services were present in 23 markets. Today, they are in more than 100."

The volume of digital downloads grew by 12 percent globally in 2012, representing 70 percent of overall digital music revenue. The number of paid music subscription users grew by 44 percent last year to 20 million people worldwide.

The best-selling album around the world in 2012 was Adele's 21, selling another 8.3 million copies. Taylor Swift's Red was second, with 5.2 million. One Direction held the #3 and #4 slots, with Up All Night and Take Me Home, followed by Lana Del Rey's Born To Die, which sold 3.4 million copies around the globe.

Carly Rae Jepsen's "Call Me Maybe" was the best-selling single last year, with 12.5 million copies sold. "Somebody That I Used To Know" from Gotye was the second-best selling track, moving 11.8 million copies, followed by "Gangnam Style" from PSY, fun.'s hit "We Are Young" and Maroon 5's "Payphone."

Frances Moore, IFPI CEO, said: "It is hard to remember a year for the recording industry that has begun with such a palpable buzz in the air. These are hard-won successes for an industry that has innovated, battled and transformed itself over a decade. They show how the music industry has adapted to the internet world, learned how to meet the needs of consumers and monetised the digital marketplace."

The IFPI noted that the biggest barrier to further industry growth is "unfair competition from unlicensed music services," adding that "Governments have a key role to play in addressing this problem. The key priority remains to secure effective cooperation from intermediaries including advertisers, ISPs and search engines, who have a major influence on levels of copyright infringement."

The complete IFPI report can be found here.

Breaking News
CMG Tampa Appoints John E. Kage Dir. of Branding & Programming at Hot 101.5 FM
In Brief - November 25, 2015
November 24, 2015
FCC Fines Drawing Scrutiny In Congress
In Brief - November 24, 2015
November 23, 2015
Bill Hess Named OM At Cumulus-Washington, D.C.
In Brief - November 23, 2015
November 20, 2015
Adams Radio Group Of Delmarva Names Jay Gleason Operations Manager
iHeartRadio Presents Adele¹s Album Premiere Live from Joe¹s Pub 
Radio Mercury Awards Announces Advisory Council
November 19, 2015
Westwood One: The State of American Podcasting
Nielsen: Connecting With Political Millennials Through Music
Jacobs Media Webinar: 10 Mega Trends That Impact Radio
November 18, 2015
Republic Records Promotes Ben Adelson To SVP/A&R
Y100’s TC Wins Dancing with the Savannah Stars
Greater Media's Magic 106.7 To Become Boston's Christmas Station
November 17, 2015
Alissa Pollack To Be Honored At T.J. Martell Foundation’s 16th Annual New York Family Day
Cash Money Records Announces Annual Turkey Giveaways in Miami & New Orleans
Amanda "AJ" Malone Joins iHeartMedia/Indianapolis
Jacobs Media Blogs Radio’s Days as a Primary Traffic Source May Be Numbered
November 16, 2015
Pandora to Acquire Key Assets from Rdio
Apple To Close Beats Music
Entercom Adds Ashley O. To Mornings On WSFS/Miami
Music News
Adele Announces European Tour Dates
Quick Hits: Adele, Eagles of Death Metal, Charli XCX, Joe Jonas
Adele's 25 Smashes Sales Record
Quick Hits: Charlie Puth, Coldplay, Jack Ü
Bieber, One Direction Lead Billboard 200 Shakeup
One Direction, The Weeknd Win Multiple AMAs
Rihanna Announces Anti World Tour, Teases New Album
Foo Fighters Release Free EP
Quick Hits: Coldplay, U2, The Cure, Wilco
Chris Martin Talks Influences On New Coldplay Record
Quick Hits: Foo Fighters, Justin Bieber & One Direction, American Music Awards, Paris attacks, Tori Kelly
Adele's 25 Won't Be On Streaming Services
Quick Hits: Kelly Clarkson, Missy Elliott, Jimmy Eat World, Freddie Mercury, Bonnaroo
Zayn Malik Opens Up About One Direction Exit
Quick Hits: Firefly Music Festival, Eagles of Death Metal, Grammy Hall of Fame

Manny Simon
VP/Adult Formats,
Republic Records

Search FMQB.com
FMQB Member Login

Not a member yet?
Sign up Now!
Sign Up for Breaking News!
Enter FMQB E-Tracking!