Tuesday 20 August 2013

German record industry posts modest growth

Following the news earlier this year that the global record industry saw slight growth in 2012, for the first time in over a decade, the trade body for the German record industry says that revenues there were up year-on-year for the first half of 2013, again the first time there has been growth in over ten years. According to BVMI, digital revenue was up 16% for the first half of the year, helping offset the latest 2.5% decline in physical product revenues, so that overall monies were up 1.5%.

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