After Apple’s iTune’s announcing a 14% drop in revenues from global download sales in the first half of 2014 it seems that streaming is the new future of the music industry.
The study by streaming service Spotify this year said that in 2013 and for the first time in 13 years there was a slight increase in revenues from recorded music, and figures from the record label’s trade body the IFPI supported this position with 39% of global recorded music revenues now from digital channels and 7% from performance rights.
A survey by IQ Magazine based on data from BUMA/NVPI/GfK Netherlands/Mojo Concerts said that Dutch music fans spend just half of what they spent in 2003 on recorded music – but they spend more than twice as much on live music as on recorded music.
CopyKat investigates who gets the biggest bite of the streaming pie: artists, composers, record labels, music publishers, collection societies, the operators, or investors?
Follow this link to the full article on the 1709 Blog