Digital music sales match physical for 1st time

This image provided by Disney shows a teenage Elsa the Snow Queen, voiced by Idina Menzel, in a scene from the animated feature "Frozen." Although the animated film opened late in 2013, the story of Elsa, Anna, Olaf, Kristoff and Sven easily outpaced other vote-getters like “Sherlock” star Benedict Cumberbatch, TV guru Shonda Rimes, musicians Beyonce and Pharrell Williams for entertainer of the year. "Frozen" has earned Disney more than $1.27 billion at the box office worldwide, becoming the most successful animated movie of all time. Its signature song “Let It Go” won an Oscar and a national touring live version on ice has been a huge draw. (AP Photo/Disney)

LONDON (AP) – A music industry body says global revenue from digital music matched that from physical albums and discs for the first time in 2014.

The International Federation of the Phonographic Industry’s annual digital music report says digital and physical sales each accounted for 46 percent of the $14.97 billion in global music revenues. Income from performance rights and synchronization revenue made up the rest.

The total was down 0.4 percent from 2013.

The federation said Tuesday that the rise of subscription music services was driving digital growth. But it said that the industry was missing out on revenue because some platforms including YouTube are exempt from copyright laws applied to music-streaming services like Spotify.

The report also named the year’s top-selling album – the “Frozen” soundtrack, which sold 10 million copies.

 

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