Newsreel: UNH franchise index outperforms S&P 500
April 25. 2018 1:34AM
UNH franchise index outperforms S&P 500
DURHAM — A University of New Hampshire index tracking the financial performance of U.S. franchises outperformed the S&P 500 last year.
UNH’s RIFC 50 Index and the franchise business sector it represents outperformed the S&P 500 Index by 9.2 percent in 2017.
The RIFC 50 Index, initially published in 2002 by UNH’s Rosenberg International Franchise Center, rose 28.6 percent last year while the S&P 500 gained 19.4 percent.
It’s comprised of 50 U.S. public franchising companies representative of the U.S. business format franchising sector.
Streaming revives music industry
Online streaming services such as Spotify and Apple Music have become the music industry’s single biggest revenue source, overtaking physical sales and digital downloads for the first time, a global industry body said on Tuesday.
The rapid growth in streaming music services in recent years has led to a recovery in the fortunes of the global recorded music industry, which enjoyed its third year of positive revenue growth, according to a report by industry trade group IFPI.
By 2014, music sales had fallen by 40 percent to $14.3 billion in the 15 years since 1999, when the rise of music file-sharing service Napster ravaged sales of CDs and the development of download services like Apple iTunes failed to offset declines.
Last year, subscription-based streaming revenue accounted for 38 percent of all recorded music, up from 29 percent the year before, IFPI said.
Figures released in IFPI’s Global Music Report 2018 show total revenues for 2017 were $17.3 billion, with an increase of 8.1 percent from the previous year.