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Revenue from streaming and downloaded music is slightly larger than from CD sales
Revenue from audio streaming services and music downloads is now comparable to that from the sale of CDs, and is even slightly higher. According to figures from the IFPI. Moreover, sales grew from streaming services, while down from CD sales.
Revenues from streaming and downloaded music increased in 2014 by 6.9 percent to $ 6.85 billion, converted 6.5 billion, is evident from the IFPI- report . At the same time sales fell from CD sales by 8 percent, to $ 6.82 billion. Thus, the proportion of and online music, such as sale of individual music and the revenue from music streaming services for the first time slightly higher than CD sales.
On balance, the music sector shrank by 0.4 percent to a total turnover of around 15 billion dollars, converted 14 billion. The decline in sales of CDs was largely offset by the increase of streaming and downloaded music, which in turn was mainly due to the popularity of streaming services. Revenue from these services increased by 39 percent, while sales of single downloads fell by 8 percent. The Netherlands is one of the ten countries where streaming services are more popular than individual music downloads; in the rest of the world are separate downloads something popular.
Although revenue from streaming services increases, not all artists pleased with the services. They mainly complain about the fees payable by the service; critics are mainly fees from the free, ad-supported version of Spotify low. From the IFPI figures show that the music industry is therefore more than twice more deserving than with paid services with free services.
The music industry in 2014 also took more money from the sale of vinyl records; their sales increased by 54.7 percent in 2014 and is now 2 percent of the music industry. The best-selling album in 2014 was the soundtrack of Frozen, while Happy by Pharell Williams was the most popular single.Viewing:-228
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