Global Recorded Music Revenue Down In 2010

Global Recorded Music Revenue Down In 2010

Global Recorded Music Revenue Down In 2010
Global recorded music trade revenue totaled $15.9 billion in 2010, an 8.4 percent year-over-year decline, according to the IFPI's annual "Recording Industry In Numbers" report. Global physical revenue declined 14.2 percent to $10.4 billion, while digital revenue, with digital formats accounting for 29 percent of all music sales, increased 5.3 percent to $4.6 billion. The United States and Japan accounted for 57 percent of the global music revenue decline in 2010, with U.S. music sales down 10 percent to $4.17 billion and sales in Japan down 8.3 percent to $3.96 billion. Eminem's Recovery was the best-selling album worldwide in 2010, followed by Lady Gaga's The Fame Monster, Susan Boyle's The Gift and Taylor Swift's Speak Now. (3/30)