Physical sales of music such as CDs fell by 12.7 percent globally, while digital music sales rose by 9.2 percent to $4.3 billion.
According to the numbers, Susan Boyle, who shot to fame on Simon Cowell’s “Britain’s Got Talent” show, had the best selling album of the year with “I Dreamed a Dream,” which sold 8.3 million units.
Other top selling artists included the Black Eyed Peas, Michael Jackson, Taylor Swift and Lady Gaga. Five of the top 10 best sellers were signed to Vivendi’s Universal, with the others on Sony and Warner Music Group.
In spite of piracy and cheaper digital tracks, the global records are growing. “The global music business is continuing to fight its corner, investing in talent and developing new business models despite the problems of a market rigged by piracy,” IFPI Chairman and Chief Executive John Kennedy said in a statement.
“Music companies are investing over $5 billion a year in developing and marketing artists, licensing hundreds of services and adapting their distribution channels to meet changing consumer demand.”
The United States and Japan made up 80 percent of the overall market decline, the IFPI said, while the worldwide fall in revenue outside those two markets was 3.2 percent.