Singing a happy tune: why the music industry is upbeat about online sales

The global music industry, under severe pressure for the past four years, may be turning the corner. A sector wracked by falling sales, intense competition and endemic piracy has taken comfort from the first signs of recovery in recent weeks, reports the FT in an analysis of this industry.

[...] "Meanwhile, ringtones - the irritating jingles for mobile phones - are outselling CD singles in several markets including Britain and Germany, with global demand expected to generate sales of about $3.5bn this year."

emily | 10:48 AM | News, Buzz |
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