Locally, the Australian music industry’s revenue has grown for the first time in three years and it’s all thanks to digital streaming services. Figures released from the Australian Recording Industry Association (ARIA) found the revenue of Australian music sales had seen a five per cent increase to $333.8 million, which was the first increase in wholesale figures since 2012. Streaming services like Apple Music, Spotify and Tidal were responsible for the turnaround, with the value of the services doubling from $23 million to $46 million. The statistics also showed digital streaming services have a steady hold on the overall market, now accounting for 62 per cent. Coinciding with this was a decrease in digital downloads and CD sales by 13 per cent and 4 per cent, respectively. Interestingly, the decline in CD sales was much more steady than the 18 per cent decline seen in 2013. Vinyl records also showed an increase of an astounding 38 per cent to $8.9 million. ARIA chief executive Dan Rosen said these figures were a welcomed finding. “It is a testament to the ongoing innovation and resilience of our local music industry to see a return to growth in 2015,” he said. “Australian music fans are consuming more music than ever before and did so across an (unprecedented) number of formats from streaming and downloading on mobile devices, to buying CDs and vinyl at local record stores.” Apple Music is changing the way people consumeSource:news.com.au HOW HEALTHY IS THE GLOBAL INDUSTRY? The Australian findings were a reflection of the global industry, which has seen its first major growth since the dawn of the internet age. According to the International Federation of the Phonographic Industry, 2015 saw the revenue from recorded music expand 3.2 per cent to a whopping $AU19.5 billion. The increase was the first time sales had grown at a more than marginal level since 1998, when they upturned 4.8 per cent year-on-year. Despite the growth, the revenue is still down one-third from the 1990s before internet became mainstream. The IFPI estimated 68 million people globally used digital subscriptions, which is a huge increase from the eight million people just six years earlier.