"Good News" for the Music Industry

According to an article on the subject of media piracy called "Preventing Digital Music Piracy: The Carrot or the Stick?”, about 95% of digitally downloaded music is done so illegally, which obviously results in very poor sales within the music industry. 


But according to a recent article from Time magazine online, the "Music Industry Can See the Light After 'Least Negative' Sales Since 2004." The article, which appeared on March 26th, said that the industry has had the best sales it has had in eight years, as this is about the time the CD industry began to decline. Numbers in revenue are still falling, but these declines are less than they have been in years past, and author Robert Andrews reported that digital revenue grew by 8%, compared to only 5.6% in 2010. 
 

Read the full article here. 

It's also notable how social media's integration of music applications like Spotify may have helped the digital market do better!