Compact disc
A drop in CD sales of 9% was partially offset by a rise in digital downloads of 8%

Global music sales fell by 3% last year to $16.2bn, according to music industry body IFPI, but that's the smallest decline since 2004.

CD sales, which account for two-thirds of global revenues, continued their decline with a drop of 9% during the year. That's an improvement over 2010's drop of 14%.

However, this was offset by a rise in digital sales of 8%, breaking through the $5bn barrier for the first time.

Digital growth was boosted by the expansion of iTunes, Spotify and Deezer and a surge in users accessing content through smartphones and tablets.

As a result the number of users paying to subscribe to a music service jumped 65% in 2011 to 13.4 million.

More after the break

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