Global Online Music Sales Slightly Surpass CDs and LPs

The global market for recorded music fell slightly in 2014 to $14.97 billion, down 0.4 percent from the year before, as sales of online music matched those of CDs and other physical formats for the first time, according to an annual industry report released on Tuesday.Revenue from downloads and online streaming was $6.85 billion last year, up 7 percent from the year before and representing 46 percent of the industry’s total, according to the report by the International Federation of the Phonographic Industry, a trade group based in London. Slightly less than that amount, yet still about 46 percent of the total, were CDs and vinyl LPs, which generated $6.82 billion in revenue, according to the trade group.

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