digital delivery of music  caught up with physical formats like cds as a money stream for  the first time last year, the trade association ifpi said on  tuesday it came, however, as overall global sales of $1497 billion  fell marginally from 2013 the report also named the year's top selling album   the 'frozen' soundtrack, which sold 10 million copies, while pharrell williams' 'happy' was the top single, selling 139 million copies taylor swift famously removed her music from spotify digital formats have now caught up with physical sales of music for the first time piracy and free internet sites remain a huge problem for anindustry still reeling from the impact of turning music intodigital form, which encouraged copying, bootlegs and free musicsites, and led to a collapse in sales from $40 billion in 1999 ifpi, the international federation of the phonographic  industry, said in an annual report, that while revenues were  down 04 percent in 2014 from the previous year, digital  formats, including streaming and downloads, had finally caught  up with physical formats, with each accounting for about 46  percent of the market the vinyl format has had a renaissance and now accounts for 2 percent of revenues performance rights and film and related  revenues made up the balance 'we have overall a positive picture, with the biggest  market, the us, growing and the third biggest market in the  world, germany, growing as well,' edgar berger, chairman and  ceo international of sony music entertainment, said at a news  conference 'if we keep the current trajectory the industry will  inevitably grow,' he said, adding his view that paid  subscriptions to streaming services 'will be the predominant  performer' but the ifpi also noted some dark clouds ahead for the  industry, including the impact of free delivery of music over  internet sites such as youtube and dailymotioncom, and the  desire of chinese consumers to get their music for free the industry group said it was pushing for legal changes to  be made in europe, and eventually elsewhere, so that youtube,  dailymotion and others could no longer contend they are 'safe  harbours', immune from copyright violation because users post  music and other content themselves jay z and a host of celebrities recently launched tidal in a bid to make more money from streaming services  'companies that play the role of distributing, monetising,  promoting don't belong in the 'safe harbours',' ifpi chief  executive frances moore said she noted that streaming sites such as spotify and deezer  which pay the industry for music rights had contributed some  $16 billion in revenues on the basis of having about 140  million users while the free internet sites, with a billion  users, paid something over $641 million berger said there was a 'a piracy issue that needs to be  fought in china', adding without piracy instead of ranking in  19th place globally for music revenues, it would be in the top  five sorry we are not currently accepting comments on this article
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