Big Music — ‘accelerating growth’

SaluteYou know how the corporate music industry  is being “devastated”  by filesharing and file sharers?

Well, according to the  current BS report from the corporate-music industry-owned IFPI (International Federation of the Phonographic Industry)  sales are good  and, it seems, getting gooderer.

“Global recorded music industry revenues rose by an estimated 0.3 per cent to US$16.5 billion in 2012, the first year of industry growth since 1999, ” it states.

“Digital revenues saw accelerating growth for the second year running, up 9 per cent, with most major digital revenue streams – downloads, subscription and advertising-supported – on the rise.

“Global recorded music revenues up 0.3 per cent.”

Says IFPI boss  Frances Moore, “These are hard-won successes for an industry that has innovated, battled and transformed itself over a decade. They show how the music industry has adapted to the internet world, learned how to meet the needs of consumers and monetised the digital marketplace.”

Of course,  nothing could be further from the truth.  The mainstream record labels have done everything  they could to crush innovation and collar the Internet as their own exclusive sales, marketing and distribution  system, desperately trying to sue the their own customers  into becoming compliant  consumers.

(Cheers, YKW)

Jon Newton — myblogdammit

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