Digital Music Revenue Surpasses CD Sales

For the first time ever globally, digital music revenue has surpassed physical format sales. According to a report released this week by the International Federation of the Phonographic Industry (IFPI), digital revenue grew in 2014 about 7% - to about 6.85 billion. Meanwhile, physical sales dropped 8%, to about 6.92 billion. But even though streaming has increased significantly in the past year, "downloads still accounted for 52 percent of digital revenue". Read more about digital vs. physical sales and the IFPI report here.