The recording industry in Peru had revenues of over U.S. $ 4.6 million in 2010, which represented an increase of 18% compared to 2009, according to the International Federation of the Phonographic Industry (IFPI). Notably, the physical and formal sale of phonograph records (music) would add about U.S. $ 1.5 million in 2011, yet the physical piracy of music discs is still a problem, accounting for 98% of total sales disks or CD in the local market, and is the highest in Latin America
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