Record Labels Aren’t Dying, They’re Thriving (Village Voice)

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In 2012, revenue grew for the major and indie labels for the first time since 1999. The percentage growth, according to figures released by the International Federation of the Phonographic Industry, may have been paltry–around 0.3–but the sheer dollar amount of $16.5 billion in revenue for 2012 is anything but. Adele’s song “Rolling In the Deep,” is estimated to have made her label XL Recordings around $67 million all by itself, helping XL post at 400% increase in profit for 2012, according to The New York Times.

 

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