Adele had the earth's best-selling album not too long ago, a world smash that helped music revenues record their first significant growth ever since the dawn in the digital age 2 decades ago.
Figures released Tuesday with the International Federation in the Phonographic Industry demonstrate that the British singer's chart-topping "25" sold 17.4 million copies — 5 times more than runners-up Ed Sheeran and Taylor Swift, whose albums "X'' and "1989" both sold 3.5 million copies. Check When We Were Young sheet music here.
The year's best-selling single was "See You Again" by Wiz Khalifa featuring Charlie Puth, which moved 20.9 million copies.
The IFPI said global revenues from recorded music rose 3.2 percent between 2014 and 2015, to $15 billion, as a possible industry decimated because of the digital revolution returned to growth.
The group said an upswing marks "the industry's first significant year-on-year increase in nearly 2 full decades."
IFPI leader Frances Moore said the figures "reflect a niche that has adapted towards the digital age and emerged stronger and smarter."
Sales of digital music, including streaming and downloads, landed 45 percent on the total, in comparison to 39 percent for CDs, vinyl and also other physical products — the very first time digital music has generated the largest share of revenue. Performance-rights revenue makes up about most from the remainder.
Online, people increasingly pay attention to music by streaming in lieu of downloading. Streaming revenue rose by 45 percent in 2015, while money from downloads declined by 10.5 %.
Despite revenue rising overall, the report says there exists a growing gap relating to the amount of music being consumed plus the money being returned to artists and producers.
The IFPI said this "value gap" has grown due towards the growing use of music being streamed on advertising-supported "user upload" services for example YouTube, which conisder that they are exempt from your licensing rules used on other online music services — therefore pay less to musicians and record companies.
Moore asserted "the value gap is the largest constraint to revenue growth for artists, record labels and all of music rights holders" and lawmakers all over the world should close the streaming loophole.
YouTube stated it had had license arrangements with both major and independent record labels for quite some time. The company said hello had "paid out over $3 billion to your music industry - which number keeps growing significantly year on year."