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# IFPI Global Recording Industry Report: Miniscule Growth Driven By Digital & Licensing
- URL: https://www.hypebot.com/ifpi-global-recording-industry-report-miniscule-growth-driven-by-digital-licensing/
- Published: 2013-04-08T13:08:41.000Z
- Updated: 2013-04-08T13:08:41.000Z
- Description: The rise of music subscription services and the growth of emerging markets contributed to create just .2% global music industry growth in 2012, according to the IFPI's Recording Industry in. Continue reading [https://www.hypebot.com/hypebot/2013/04/ifpi-global-recording-industry-report-miniscule-gro
- Author: Bruce Houghton
- Tags: Indie Music, Major Labels, Music Business, #wp, #wp-post, #Import 2026-01-21 10:43

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The rise of music subscription services and the growth of emerging markets contributed to create just .2% global music industry growth in 2012, according to the IFPI's Recording Industry in Numbers 2013 released today. However tiny the victory, 2012 was the first year that the music industry had grown since 1999\. **More highlights:**

- All the revenue streams IFPI tracks (physical, digital, performance  
rights and synchronisation revenues), with the exception of physical  
sales, increased in 2012\.
- **Digital channels now account for 35%** of overall  
industry trade revenues, while physical sales now represent 57% of  
record companies' income.  
  - Downloads remain the biggest source of digital  
  revenues, with combined unit sales of track and album downloads up by  
  11% in 2012.
- **Music subscription services** and ad-supported streaming services now account for  
20% of digital revenues globally, up from 14% in 2011.  
  - Subscription and  
  ad-supported revenues combined now account for almost one third (31%) of  
  all digital music revenues in Europe.
- **Sources of music licensing income are on the rise**. **Performance rights revenues**  
**(**from broadcasts and public performance) were the fastest growing  
sector in the recording industry in 2012, accounting for 6 per cent of  
recorded music revenues.  
  - Revenues grew by 9.4% globally, to US$943  
  million. Income from **synchronisation deals** – music used in TV adverts, films and brand partnerships – were also up. These grew by 2.1% to US$337 million in 2012\.
- **Albums** continue to hold their appeal, accounting for  
56% of recorded music sales value.  
  - Digital album downloads grew faster  
  than singles and vinyl sales hit their highest point since 1997\.
  - Consumer usage on streaming services shows that the album format remains  
  very relevant. Many of the year's best-selling albums generated a large  
  streaming volume across all tracks included on the album.
- A total of **22 countries saw market growth in**  
**2012,** including nine of the top 20 markets.  
  - **T**he **US**  
**remains the world's largest music market;** digital sales success in  
  Sweden has made that country the world's 12th largest music market (up  
  two places on 2011); India has also moved up the rankings.
- **Emerging markets** are helping fuel the industry's  
recovery.  
  - Brazil, India and Mexico have seen market growth respectively  
  of 24%, 42% and 17% since 2008\.
  - In 2012 revenues in India reached an  
  all-time high while Latin America was the fastest growing region of the  
  year.