For the first time in nearly a decade, the music business is growing. That’s according to story in a recent issue  of NYSE magazine.
“The business is starting to turn around because of recommendation engines like Pandora and the fact that there’s a ‘Buy’ button right there,” Tom Silverman told the magazine. Silverman is founder and CEO of independent record company Tommy Boy Entertainment LLC, whose stable of artists has included De La Soul, Coolio and The Cliks.
According to the story, the turnaround trend is actually a reversal of the sales decline in recent years. Overall music revenues jumped 8.5 percent in the first half of 2011, while digital track sales rose 11 percent, according to Nielsen Holdings NV  (NYSE: NLSN) and Billboard’s Mid-Year Music Industry Report.