in 2012

Florence and the Machine's Spectrum was the most-streamed song in the UK this week

On-demand services like Spotify and We7 will generate £696m for the global music industry in 2012 - a rise of 40%, new research has suggested.

It means streaming music is the fastest-growing sector of the industry, overtaking downloads, which are due to see an increase of 8.5% this year.

CDs and vinyl still dominate the industry, accounting for 61% of all music sold worldwide.

But sales of physical products dropped by 12% globally, and 30% in the UK.

Read full story Here