Maybe the Music Industry Has Hit Bottom

Studio crows about recent growth, but it's unclear if industry will fully embrace digital.

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Noise is beginning to emerge from the music industry to suggest that it may start growing again, after a devastating fall in CD sales over the past several years. Digital downloads are spurring growth at Universal Music and had its parent company recently crowing that the bottom was past.

An article at ARS Technica suggests a recovery may indeed be underway as the industry expands into new markets enabled by copy-free digital tracks:

If the industry in general can recover as Universal has done so far this year, though, the question remains: will the major labels start taking up the slack on those reins, or will they decide that the wild, out-of-control ride they've been on for the past few years has actually produced new opportunities worth following up on as revenues ramp back up?