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Global Music Sales Rise for First Time in Nearly 2 Decades

The music recording industry saw its first major sales boost in nearly 20 years, due in large part to the increasing popularity of online streaming websites, an industry trade group said Tuesday. According to the International Federation of the Phonographic Industry, worldwide recording industry revenue rose by 3.2 percent in 2015 to $15 billion, due mostly to an increase in streaming subscription sales, which overtook physical sales for the first time. It marks the first significant...

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