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EMI's global recorded music share rose 1%to10.4%4%.
In a conference call with analysts on Tuesday, Edgar M. Bronfman Jr., the chief executive, said the company now has 360 deals with 60 percent of the artists "on our active global recorded music roster".
The U.S. has also become the most important streaming market worldwide, accounting for 40percentt of total global recorded music revenues.
Global recorded music revenues reached $17.4 billion in 2017, up from $16 billion in 2016 — an annual growth rate of 8percentnt.
The recent news that global recorded music revenues are growing for the first time since Napster's launch in 1999 must therefore be cause for tentative celebration – even if the growth is only 0.3%.
They're visible in the 8.1percentt increase in global recorded music revenues; in the second straight year that the German publishing rights body, GEMA, topped 1 billion Euros in revenue; and in the record financial results recorded by the PRS for Music — an increase of 14.7percentt over 2016.
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MUSIC Global recorded-music sales rose by 3% last year, to $38.7 billion, according to the International Federation of the Phonographic Industry.
Since 2000, when online file-sharing took off, global recorded-music sales have fallen from $26.9 billion a year to $15.9 billion, according to the IFPI, a trade group.
In the past, European regulators have been an obstacle, repeatedly blocking mergers among the big five record companies Vivendi's Universal Music, Sony Music, EMI, AOL Time Warner's Warner Music, and Bertelsmann's BMG which between them control 70% of the global recorded-music market.
If they receive, as some analysts have estimated, a total of €4 ($5.60) per handset per month (about half the cost of all-you-can-eat subscription services on the internet) and Nokia sells 5m CWM handsets, the additional income would add up to €240m ($338m)—equivalent to more than 1% of global recorded-music sales in 2007 and 12% of the digital business.
Hence the lack of surprise at the announcement that Sony Music (home to artists like Michael Jackson and Beyoncé Knowles) and BMG (Britney Spears) have said they wish to combine in a group that will have a 25% share of the global recorded-music market and sales of €4.5 billion-5 billion ($5.1 billion-5.7 billion-5.7 billionestions hang over the deal.Two
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