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Music streaming revenues overtake CDs to hit $6.6bn globally

Revenue from music fans paying for services such as Spotify, Apple Music and Amazon Music surged more than 41% to $6.6bn (£4.7bn), accounting for more than 38% of the total global market for recorded music. The sale of physical formats, primarily CDs, fell 5.4% to $5.2bn to account for 30%....

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Published By: Music - Tuesday, 24 April