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Streaming Music Revenues are up 40% in 2012 exceeding $1 Billion

The music industry complaints about the digital music delivery should be soon stop as online revenues are on a fast rise. Come 2015, digital music spending will be higher than CD sales.

Aug 16 2012, 5:11am CDT | by

4 Updates
Streaming Music Revenues are up 40%  in 2012 exceeding $1 Billion
 
 

Online streaming revenues will grow at almost five times the rate of download revenues in 2012, according to Strategy Analytics' latest Global Recorded Music Forecast. Streaming revenues will...

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Update: 4

Editorial: Google confuses magic with middling as it steps into music streaming

Source: Engadget

First of all: that name. Google Play Music All Access. Perhaps Google's presenters realized, as they were driving to the I/O keynote , that they had forgotten to name the new music-streaming service, and came up with that clunke ...
Full article at: Engadget  More like this  10 hours ago, 3:43pm CDT

Update: 3


Quote:
"It all depends on the price"


Source: Times of India

Update: 2

What's the difference between Google's Play Music All Access and all the other music streaming choices?

Source: ITWorld.com

Yahoo has confirmed widespread reports that it will acquire the popular blogging service Tumblr, and also promised not to "screw it up." The deal is worth about $1.1 billion, nearly all in cash. Amazon i ...
Full article at: ITWorld.com  More like this  12 hours ago, 1:49pm CDT

Full Story

Streaming Music Revenues are up 40% in 2012 exceeding $1 Billion

Online streaming revenues will grow at almost five times the rate of download revenues in 2012, according to Strategy Analytics' latest Global Recorded Music Forecast. Streaming revenues will increase 40% in 2012 - to $1.1 billion - whilst download revenues will increase by 8.5% to $3.9 billion. Therefore, streaming services will take over as the leading revenue growth engine for the music industry in 2012, generating an extra $311 million - $8 million more than downloads at $303 million.

Overall digital music spending will increase by 17.8% ($1.3 billion) in 2012 to $8.6 billion compared to a 12.1 percent decline ($1.9 billion) in packaged sales.

This means that digital music will increase its share of global recorded music spending to 39 percent in 2012; however, this is still much smaller than packaged music sales which will account for 61%of spending. 

Strategy Analytics forecast digital spending will overtake physical on a global basis in 2015; however, some countries, such as the US, Sweden and South Korea, are making the transition to digital taking the lions’ share of spending at a much faster rate.

Ed Barton, Strategy Analytics' Director of Digital Media, explains: "Although downloads still account for nearly 80% of online music revenues, this market is maturing and spending is flattening in all key territories. Streaming music services such as Spotify and Pandora will be the key growth drivers over the next five years as usage and spending grow rapidly.

Via Strategy Analytics.

 

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr (Google) is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

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