Global recorded-music revenues grew by 8.1% in 2017 says IFPI

The global recorded-music market was worth $17.3bn in 2017, up 8.1% on 2016 in what was a third consecutive year of growth for the industry. This is according to the IFPI’s Global Music Report, which is being published today. No surprises in terms of what’s driving this. Music-streaming revenues grew by 41.1% to $6.6bn, and […]

Music bodies confirm YouTube-MP3 stream-ripping shutdown

Reports on a court filing meant that the news of a settlement between labels and stream-ripping site YouTube-MP3 broke before the relevant industry bodies could announce it. But announce it they did, yesterday, with the IFPI, RIAA and BPI trumpeting the shutdown of a site which at its peak had 60 million monthly visitors turning […]

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