MUSIC SALES UP

Sales of recorded music worldwide were up 1.5% last year to $38.5 billion, according to the annual report from the Int’l Federation of the Phonographic Industry. The number of recordings sold 3.8 billion – stayed the same however. The US – the world’s largest music market, accounting for 40% of the total – had its fifth straight year of growth, posting an 8% rise in value and a 5% increase in recordings sold, with online sales making up 2.4% of the total. – Variety