08-16-2012, 02:55 AM
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Too old to care
Industry Role:
Join Date: Jun 2001
Location: On the sofa, watching TV or doing my jigsaws.
Posts: 52,943
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Streaming music revenues up 40% globally in 2012
Streaming music revenues up 40% globally in 2012
Quote:
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.
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