Andre Yoskowitz
14 Feb 2010 23:22
According to new figures from the ARIA (Australian Recording Industry Association), the Australian music industry has seen growth for the first time since 2003.
Says Slyck: "...wholesale revenues over the full year increased almost 5% when compared to 2008. An increase in overall digital revenues was the key contributing factor to this growth, with digital albums demonstrating an increase of over 60% by revenue, more than offsetting the relatively modest decline in physical CD sales..."
Surely piracy is still killing the music industry?