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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