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Canadian music streaming brings in $128M US: report

Media | 04/26/2017 5:43 pm EDT

Canada has become the world’s sixth-largest market for recorded music, according to a new report from the International Federation for the Phonographic Industry (IFPI). The group’s 2017 Global Music Report said digital music revenue made up 63 per cent of the $489.4 million in recorded music revenues in 2016, which increased 18.8 per cent from the previous year, it said in a press release. Streaming revenue, encompassing both subscription and ad-supported services, more than doubled in 2016, the release said, going from $49.8 million US in 2015 to $127.8 million US in 2016....