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Global Recorded Music Revenues Grow In 2015 - Back From The Dead

20 Apr 2016

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Since 2000, the record industry has (almost) got used to having its nose bloodied each time the IFPI annual figures roll round. Decline, doom, gloom. The odd year of minuscule growth was never a trigger for brazen optimism, but last year something incredible happened – the market grew by 3.2%. It hasn’t undone almost two decades of pain, but it’s enough to get labels feeling bullish. Subscription streaming was the hero of the year but the villain behind a massive value gap between paid and free went unnamed – yet everyone knew it was YouTube. Last year was all about the war on free. In 2016, can the war on the value gap be won?