China Rising & Downloads Falling: 5 Takeaways From the IFPI`s Global Music Report
(WorldNews China)

This week on April 25, the International Federation of the Phonograph Industry, or IFPI, released its annual Global Music Report, analyzing the health of the global recorded-music industry in 2016. And while the overriding storylines -- 5.9 percent growth worldwide to $15.7 billion, the highest percent growth since the IFPI began tracking data in 1997; digital reaching 50 percent of revenue -- no doubt deserve the boldest headlines, the extensive, 50-some page report contained a wealth of information on the industry at large. It`s a mild surprise that the streaming boom has led to a second straight year of growth for the business -- after 15 years of decline -- particularly in the United...