Global Music Revenue Down In 2011

Global Music Revenue Down In 2011
Global recorded music trade revenue totaled $16.6 billion in 2011, a 3 percent year-over-year decline from 2010, according to IFPI's annual "Recording Industry In Numbers" report. Global physical sales declined 8.7 percent $10.2 billion, while digital revenue, increased 8 percent to a record $5.23 billion, accounting for 31 percent of all music sales. The United States maintained the largest share of the global music market with sales of $4.37 billion, followed by Japan ($4.09 billion), Germany ($1.47 billion), the UK ($1.43 billion), and France ($1 billion). The United States also surpassed the UK to become the leading global performance rights market, posting a 45.9 percent increase in royalties in 2011. Adele's GRAMMY-winning 21 was the best-selling album worldwide in 2011, followed by Michael Bublé's Christmas and Lady Gaga's Born This Way. (3/26)

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