New York (AFP) – The global music industry soared a record 8.1 percent last year as digital sales for the first time made up the majority of revenue thanks to the streaming boom, the industry said Tuesday.
Recorded music grossed $17.3 billion in 2017 with digital music — until last year roughly equal to physical sales worldwide — amounting to 54 percent of the revenue, the IFPI global body said in its annual report.