GLOBAL MUSIC SALES HIT 16.5 BILLION DOLLARS


Janet Jackson

Janet Jackson

GLOBAL MUSIC SALES HAS HIT AN ALL TIME high from 0.3 percent to 16.5 billion Dollars by the end of the year 2012. International Federation of Phonographic Industry (IFPI), which represents 1,400 record companies worldwide made the announcement during the week.

Chief Executive of the organisation,  Mr. Frances Moore described the development as a hard won success, adding that digital music downloads  from websites such as Apple’s ITunes as well as other source of revenue have finally grown enough to compensate for the decline in sales of compact disc.

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