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
Hubbard Radio Ups Jeremy Sinon To Corporate Digital Director
The Week In Review: 5/18-5/22
KSZR/Tucson Becomes Classic Hip Hop, 97.5 The Vibe
In Brief - May 22, 2015
May 21, 2015
President Obama To Renominate Jessica Rosenworcel As FCC Commissioner
Herndon Hasty Joins Cumulus Kansas City As VP/Sales
In Brief - May 21, 2015
May 20, 2015
Bruce Lundvall, Longtime Blue Note President, Dies At 79
Zach Mullins Named Digital Sales Manager For Cox Media Group/Atlanta
Quality Control Music Signs Joint Venture With Capitol Music Group/Motown Records
Spotify Adds Video Content, Podcasts
In Brief - May 20, 2015
May 19, 2015
iHeartCommunications To Pay $1M For Misusing EAS Tones During The Bobby Bones Show
Nielsen Study: Radio Delivers Decision-Makers For American Family Insurance
Triton To Represent XAPP Ad Inventory For jācapps Broadcasters
Pandora To Acquire Next Big Sound
Deezer Expands Content With News, Entertainment and Sports Podcasts
Republic/Island Execs & Artists at the BMA’s
In Brief - May 19, 2015
May 18, 2015
Alpha Media To Purchase Morris Communications Radio Stations
"Party Ben" Gill Joins Pandora
Spanish Broadcasting System First Quarter 2015 Results
Communion Records US Signs Broad Agreement With Capitol Music Group
BMG Acquires US Rock Label Rise Records
In Brief - May 18, 2015
May 15, 2015
Music News
Adam Lambert Unveils Two New Tracks
Academy Award-Nominated Actress Hailee Steinfeld Inks Record Deal With Republic Records
The Week In Review: 5/18-5/22
Quick Hits: Taylor Swift, Eminem, Enrique Iglesias, Slayer
Quick Hits: Taylor Swift, Madonna, Little Mix, Roger Waters
Pitch Perfect 2 Comes In At #1
Quick Hits: Foo Fighters, The Rolling Stones, Kanye West, Five Finger Death Punch, Amy Winehouse, Riot Fest
FMQB Photo Pass: MMRBQ 2015
Quick Hits: Sam Smith, B.B. King, Life Is Beautiful festival, Bullet For My Valentine
Taylor Swift Cleans Up at Billboard Music Awards
Chris Brown, Nicki Minaj Lead 2015 BET Awards Nominees
Quick Hits: Taylor Swift, Bob Dylan, Janet Jackson, Nick Jonas, Chinx
Blues Legend B.B. King Passes Away
The Week In Review: 5/11-5/15
FMQB Photo Pass: Radio 104.5 Birthday Show
FMQB NOW

Question Of
The Week

Advertisement:
Search FMQB.com
Advertisements:
FMQB Member Login
Email:
Pass:

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