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This graph depicts the revenue of the music industry worldwide from 2002 to 2014, broken down by category. In 2014, revenue generated by digital music amounted to **** billion U.S. dollars.

Music industry revenues worldwide – additional information

The worldwide music industry revenue is often broken down by digital, physical, performance rights, and synchronization revenues. A forecast made in June 2016 of the compound annual growth rate of global music revenue between 2015 and 2020, by category, outlines which sectors of the industry are expected to perform well. It was predicted that digital music streaming revenue would grow by percent annually. However, it was estimated that digital music downloading would decrease by percent annually in the presented period and physical recorded music revenue is expected to experience a ** percent reduction annually.

Digital music’s expected dominance does not necessarily render traditional music formats defunct. Vinyl or LP records, which have been played since the , have had their worldwide sales recorded from 1997 to 2015. In 1997, vinyl records generated *** million U.S. dollars. However by 2006, their popularity appeared to have diminished as revenue dropped to a low of just ** million U.S. dollars. Surprisingly, the traditional format has undergone a revival as worldwide sales generated a record *** million U.S. dollars in 2015.