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Music Streaming Revenues Surge and Investors Like the Beat

Online streaming services such Spotify and Apple Music have become the recording industry's single biggest revenue source, overtaking physical sales of CDs and digital downloads for the first time, a trade group said on Tuesday. The rapid growth in streaming music services in recent years has led to a recovery in the fortunes of the global recorded music industry, which enjoyed its third year of positive revenue growth, according to a report by industry body IFPI. Figures released...

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