Music Industry Revenues Increase For First Time in 13 Years

February 27th, 2013
Goto comments Leave a comment

The evolution of technology came with a price as we turned into the 21st century. Music industries suffered from illegal music downloading programs and other sites encouraging music piracy. However, for the first time in over a decade, the industry is showing signs of bouncing back. Read on for more details.

music-industry-big-31

The Hollywood Reporter reported that $16.5 billion was earned last year resulting in an increase of .03%. While the percentage may appear to be a small number, it is nice to see that the industry did not suffer a deficit compared to years prior. Programs Spotify and Rdio have become extremely popular bringing in a significant chunk of the profit in digital downloads.

The NPD Group also offered that there has been a decline in file sharing. The percentage of Internet users who downloaded music using a P2P device has gone down almost 10% between 2006 and 2012. This is all good, especially for RIAA as they recently announced their dissatisfaction with Google. The search engine site apparently has yet to take any measures preventing Google users from finding the main sites that offer free music downloading — something they promised quite a few years ago.

One small step is all it takes for the industry to bounce back; hopefully this tiny statistic elevates the profits of our beloved musicians and artists.

Search for Google albums on Amazon

By Antoinette Ochoa Posted in News , ,


Related RIAA Content:

News
Limewire Shuts Down
RIAA to Change Gold and Platinum Rules Due to Jay-Z’s New Album Magna Carta Holy Grail
Music Industry Revenues Increase For First Time in 13 Years
RIAA Says Google is Still Promoting Piracy
College Student Will Be Forced to Pay $675,000 For Illegally Downloading 30 Songs
RIAA Fires Back at Minnesota P2P Martyr
RIAA Ramps Up Fight Against Torrents
Limewire Pays $105 Million to RIAA Out of Court
RIAA Makes Moves Threatening Net Neutrality

Related Google Content:

News
Google Reportedly Set to Launch Music Download Service
Songza Bought By Google
MySpace Up For Sale; Rumors That Google Is Trying Buy
Google Excludes Rap Genius From Top Search Results
Google Launches Music-Streaming Radio Google Play Music All Access
Google Earth has a Morrissey Easter Egg
Controversy Unravels After Universal Pulls Megaupload Video From YouTube

Top Story
Google Music Launches Cloud Storage Service

Related piracy Content:

News
Universal Music Sparks Piracy Witch Hunt Aimed at Hip Hop Sites and Blogs

Comments