Electronista

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updated 12:03 PM EST 02.26.13
Digital spurs first music industry revenue rise since 1999
In 2012, the music industry posted its first overall revenue growth since 1999, according to the International Federation of the Phonographic Industry. Revenues were up 0.3 percent for the year, something the IFPI credits to a mix of downloads, subscriptions, and other avenues. Digital music revenue in particular grew 9 percent to $5.6 billion, just under a third of the industry's total $16.5 billion.