Entertainment

Music industry 'on the road to recovery'

British stars helped fuel the return to growth with Adele’s 21 the biggest selling global album of 2012, selling 8.3 million copies.
British stars helped fuel the return to growth with Adele’s 21 the biggest selling global album of 2012, selling 8.3 million copies. Bang Showbiz

IT HAS been decimated by web piracy and the decline of physical CDs but the global music industry claimed to have turned a corner after recording its first increase in revenues for 15 years.

Industry bosses hailed a return to growth, fuelled by rising digital revenues as music fans sign up to subscription streaming services such as Spotify, which offer instant access to millions of songs.

"The industry is on the road to recovery," claimed Frances Moore, chief executive of the International Federation of the Phonographic Industry (IFPI), which reported that global recorded music revenues rose by 0.3 per cent in 2012.

>>More Music News

The traditional music powerhouses of the UK, US and Germany are still struggling to make the transition to digital.

The new growth is being driven by the spread of smart phones and tablets offering legal digital music services in Brazil, India, Mexico and Sweden.

Global hitmakers will increasingly come from South American and Asia.

The biggest hits of 2012 included "Gangnam Style" by the South Korean rapper Psy, which attracted 1.2 billion YouTube views and "Ai Se Eu Te Pego" by Brazilian singer Michel Teló.

The Portugese-language song sold 7 million downloads after its video went viral and football players adapted the dance for goal celebrations.

The IFPI's Digital Music Report found that digital revenues increased by 9 per cent to $5.6 billion in 2012 and now account for around 34 per cent of global industry revenues.

Legal digital services now operate in 100 markets, helping to drive people away from unlicensed file-sharing services.

The number of people paying to use subscription services has leapt 44 per cent in 2012 to 20 million. 

Subscription revenues are expected to account for more than 10 per cent of digital revenues for the first time in 2012.

The Spotify service now has 5 million paid subscribers, up from 3 million in 2011. In its native Sweden an estimated one-third of the entire population uses the service.

The arrival of Cloud-based music services from Apple, Amazon and Microsoft, allowing people to access their entire music collections from a variety of different devices has helped improve the user experience for licensed services, the report found.

Google is poised to make a major intervention in the market with the launch of its own music streaming service which will include millions of songs from major recording artists.

A music streaming service would place Google, which owns video-sharing site YouTube, in direct competition with Spotify.

Google already distributes music via Google Play, where users can purchase songs and albums in a similar way to Apple's iTunes.

But the IFPI called on Google, which is in talks with major labels over accessing their catalogues for the new service, to do more to prevent copyright infringing music files from leading its music search engine results.

Ms Moore said: "This growth is still fragile. Google needs to priorities legal sites in its searches. Far from copyright 'smothering innovation', music, based on copyright, is driving the digital economy. Music is driving social network sites. The highest number of searches on Facebook and Twitter are for music artists."

The report said that the recording industry annually invested 26 per cent of its trade revenues ($4.5 billion) in developing and marketing new talent.

British stars helped fuel the return to growth with Adele's 21 the biggest selling global album of 2012, selling 8.3 million copies.

One Direction sold nearly 9 million copies of their two albums.

However the report found that around one-third of internet users globally (32%) are still regularly using unlicensed file-sharing sites.

Ms Moore said the first growth for 15 years was "a hard-won success for an industry that has innovated, battled and transformed itself over a decade.

The music industry has adapted to the internet world and learned how to meet the needs of consumers."

Topics:  adele gangnam style music music industry psy


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Elsa's real love for learning pays off

SKY'S THE LIMIT: FLC gradate Elsa Matthias receives her 2016 Dux of the College from LVRC Deputy Mayor Jason Cook.

Elsa Matthias is a true inspiration

Orman to race the best in Queensland series

IN FORM: Jimmy Orman will represent Queensland in the Origin Jockey Series.

Can the Queensland jockeys hold off Australia's best?

Salvos deliver Christmas hope

THE GIFT OF GIVING: Lockyer Valley Salvation Army officer Craig Harlum says those who really need it will be helped this Christmas.

Families in need to receive salvation.

Local Partners

Nominations now open for next Member for Lockyer

Following Ian Rickuss' announcement that he will not be contesting the next state election, the LNP is today opening nominations for the seat of Lockyer.

Man builds playground entirely out of packing tape

Artist Eric Lennartson is in the process of completing his huge tape sculpture at the Ipswich Art Gallery.

VIDEO:And here's where you can play on it.

Countdown to Woodford Folk Festival begins

ECONOMIC BOON: Woodford Folk Festival is celebrating its 30th anniversary this year.  Photo Contributed

The first larger-than-life inhabitants have stepped into Woodfordia

'I need to do what I can': 65km walk for cancer patient

Karlee Robinson is walking from Caloundra to Noosa for her cousin Aaron Parker, who has terminal brain cancer.

What do you do when someone you love has terminal brain cancer?

MOVIE REVIEW: Bad Santa 2

Billy Bob Thornton and Brett Kelly in a scene from Bad Santa 2.

NAUGHTY Santa sequel falls flat.

Coldplay bathes Brisbane fans in sea of colour

Chris Martin, lead singer of British rock band Coldplay, performs at Suncorp Stadium in Brisbane. Coldplay are in Australia for a five-show tour. (AAP Image/Dan Peled)

Frontman Chris Martin drapes himself in Australian flag

Sia, Keith Urban top Aussie Grammy nominations

Nicole Kidman and Keith Urban at the 50th Annual Country Music Association (CMA) Awards

Beyonce dominates with nine nods for 2017 Grammy Awards

New gallery connects humanity and nature

One of Craig Parry's amazing images to be shown at the gallery.

Well known photographer to display one metre images

Hailey Baldwin: I don't understand Taylor Swift's squad

Hailey Baldwin has taken a quick stab at Taylor Swift and co.

Taylor Lautner 'spotted smooching co-star'

Taylor Lautner has been romantically linked to Billie Lourd

Council opens up on 'secret' private development companies

Ipswich City Council Administration Building, South Street, Ipswich. Photo: Claudia Baxter / The Queensland Times

New website launched by Ipswich City Council

INSIDE STORY: The highlights of your $150 million CBD

GRAND PLAN: The highlights of the Ipswich CBD redevelopment and where they will be located.

Work on city heart's radical transformation to begin next year

VOTE IN OUR POLL: Sand mine opponents face serious dilemma

Public meeting for the proposed sand mine at Maroochydore last week.

Coast MP calls on Minister to stop KRA proposal with stroke of a pen

Developer's grand new multi-million dollar estate

NEW ESTATE: This is the only plan revealed by the property developer's new Billabongs Estate in Agnes Water.

DEVELOPER given the go ahead for a massive estate with 149 homes.

Couple's desperate $550K price drop to sell Gladstone home

Brian Headley and Kirstene Staib are selling their Kin Kora mansion for $750,000.

TELL tale sign of Gladstone's property market.

Ready to SELL your property?

Post Your Ad Here!