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Streaming Boosts Digital Music Revenue By 59%

Streaming Boosts Digital Music Revenue By 59%

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With thanks to subscription or marketing based streaming service 'access models', such as Spotify, Pandora, and Internet based radio, the RIAA recently produced a report showing that these formats accounted for 59% of the overall digital music market value in 2012. When understanding this data it is important to know that the 59% represents just digital music distribution and not any other channels such as live music or physical album sales.


If we holistically look at the entire music industry revenue in America, the formats mentioned actually account for a large 15% of the market share where in 2007 this was figure was only at 3%. Actually while these figures may be so, in 2012, overall music revenue was down by 1% and it is clear to see from this that the above formats are working at combatting issues such as piracy and mismanagement.


Perhaps it is another important aspect to add that only 10% of the musicians that a record label sign actually make a profit because development and market trends are increasingly difficult to judge, when the they are accounted for in a turbulent industry. However, either way streaming services are the future. The gaming industry is expected to enter 'cloud' based gaming in many new consoles that are, as of yet, to be released and this turn of events represents how the music industry can regain a grip on its consumers habits and behaviours.


Edd Harris

With thanks to subscription or marketing based streaming service access models, such as Spotify, Pandora, and Internet based radio, the RIAA recently produced a report showing that these formats accounted for 59 percent of the overall digital...

Edd Harris 27th March 2013

Article Ref: #StreamingBoostsRevenue59