Music Industry Turn Around

CANNES: News that the global music industry has finally turned the corner and is on the road to recovery should help get the annual four-day gathering of many of the world's top music execs at the MIDEM trade fair that opens here Saturday off to a good start.

"I believe we can now say that the music industry globally is on the road to recovery and heading for growth for the first time since 1999," Frances Moore, CEO of the IFPI (International Federation of the Phonographic Industry), the body that represents the interests of the international recording industry, told AFP.