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Recorded Music's Digital Present and Future, Illustrated

With the music business trade fair MIDEM set to draw more than 6,000 attendees from 70-plus countries to Cannes from June 5 to 8, an annual industry report finds that 67 percent of the world’s music is still sold outside the United States.

That figure for 2014, which has fluctuated only a few percentage points during the past decade, is a reminder of the importance of international markets to American artists and to U.S. music companies whose executives attend MIDEM.

The statistic comes from Recording Industry in Numbers, published each spring by the international trade group IFPI. The world’s $15 billion music market was effectively flat in 2014, dipping by 0.4 percent, the report states. But for the first time, digital music sales ($6.9 billion) edged past physical sales ($6.8 billion). The IFPI results also include licensing fees paid to performing rights groups and synchronization fees paid for the use of music in films, TV shows and advertisements.

Among the globe’s top 10 markets, however, considerable differences are clear in the digital/physical mix and each market’s overall sales performance. (Rounding affects chart totals.)

The IFPI report states that global digital music sales have risen from $0.4 billion 10 years ago to its current $6.9 billion peak. But it also offers a snapshot of the long slide in global music sales, from $21.9 billion in 2004 to $15 billion in 2014, a decrease of more than 31 percent during the past decade.

[Billboard]