China streams its way to stardom in recording industry

The global recording market for music grew by 5.9 percent in 2016, the highest since 1997, according to the latest report of the International Federation of the Phonographic Industry.

By the end of last year, there were 112 million users for paid music-streaming sites driving year-on-year streaming revenue growth to 60.4 percent.

Digital income accounted for half of the global music recording industry's annual revenue for the first time in 2016.