Recording Industry Association of America
Americans buying more vinyl than CDs for first time in decades
Vinyl records continued to translate their retro appeal into a steady resurgence, outselling compact discs last year in terms of units in the United States for the first time since 1987.
Revenues from the sale of physical records jumped 4 percent in 2022 to $1.7 billion, according to the latest report from the Recording Industry Association of America released on March 9.
Orfium woos top executives
Greek startup Orfium has grown so much that it is now attracting the attention of foreign senior executives such as Universal Music Group's former general counsel Richard Constant. He is the new chairman at the innovative Los Angeles-based firm that has developed a platform that identifies online music copyright violations.
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Sony buys EMI Music Publishing in $1.9bn deal
Japanese entertainment giant Sony on May 22 unveiled a $1.9-billion deal to buy industry titan EMI Music Publishing, which has the rights to songs by the likes of Queen and Pharrell Williams.
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In first, streaming top earner for US music business
Streaming has become for the first time the top money-maker for the US recorded music business, but it has struggled to offset falling CD sales and downloads, industry data showed on March 22.