Mobile Streamed Music Service Revenue to Reach $1.7 Billion
Across a variety of formats, music is undoubtedly the most mature segment of mobile entertainment.
The global revenues from streamed music services on mobile devices are expected to rise by more than 40 percent to $1.7 billion, according to Juniper Research.
For the first time, these revenues will thereby overtake those generated by full-track downloads to mobile devices.
Why Digital Music Formats Grew by 14 Percent in 2012
Internet radio is running on terrestrial radio’s coattails, according to The NPD Group.
Their study, which surveyed U.S. consumers ages 13 to 35, found that AM/FM radio is still the primary method for music listening, cited by 24% of respondents.
However, internet radio is just behind with a 23% share.
via eMarketer
How UK Online Music Revenues Passed Radio Broadcasts
British songwriters netted a record total of £51.7 million in UK royalties from digital music services last year, as online licensing revenues eclipsed radio for the first time.
UK digital revenues soared 32.2% in 2012, from £39.1 million in 2011.
Digital music players are now the biggest single source of income for songwriters in the UK, having overtaken radio last year.
via The Guardian
Global Digital Music Market will Grow by 12 Percent
The Global Digital Recording Music market is to grow at a CAGR of 12.05 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in initiatives to curb piracy.
One of the major trends is an increase in the adoption of cloud services.
Cloud computing is paving the way to access music online legally and is rapidly being adopted — since it adds value in terms of music portability.
Americans have Purchased One Billion Digital Music Tracks
So far this year, digital album sales in the U.S. are up 15 percent from the same period last year. And Americans have already purchased one billion digital music tracks, a pace that is set to break 2011’s record of 1.3 billion sold, according to Nielsen.
A look back at music sales over the past few years found that the explosion of devices on the market – such as smartphones and tablets – and their increasing role in consumers’ everyday lives has played a major factor in the growth of digital music.
via Nielsen
Digital Music Sales will Reach $8.6 Billion in 2012
Online digital streaming revenues will grow at almost five times the rate of download revenues in 2012, according to the latest Global Recorded Music Forecast by Strategy Analytics.
Streaming revenues will increase 40 percent in 2012 — to $1.1 billion — while download revenues will increase by 8.5 percent to $3.9 billion.
Streaming services will be the leading revenue growth engine for the music industry in 2012, generating an extra $311 million — that’s $8 million more than downloads at $303 million.
Global Digital Music Market is Growing to $22.5 Billion
The recorded music industry has experienced a major loss of value during the last decade, primarily due to the legacy companies choosing a slow and painful path to transition their business models and thereby embrace digital media distribution.
That being said, lately they appear to be more in sync with consumer demand.
The global digital music market is expected to grow at 15 percent annually, reaching nearly $22.5 billion by 2017, according to the latest market study by Ovum.
U.S. Online Digital Music to Displace CD Sales in 2012
The CD’s reign as the music industry’s biggest U.S. revenue source will end this year, eclipsed by downloads and newer streaming services such as Spotify and Pandora, according to a researcher.
U.S. digital music sales will rise to $3.4 billion this year, exceeding the $3.38 billion in revenue from CDs and vinyl, Boston-based Strategy Analytics said.
Globally, digital music will surpass physical purchases in 2015, according to Strategy Analytics.
via Bloomberg
British Music at the London 2012 Olympics Opening
The U.K.’s rock and pop big guns featured heavily in an edgy and quintessentially British 2012 Olympics opening ceremony, as the London Games began with a bang.
Stars including Paul McCartney, Arctic Monkeys, Mike Oldfield and Dizzee Rascal all performed live in a spectacular and occasionally surreal show at the Olympic Stadium in Stratford, East London.
As the opening ceremony unfolded, the BT London Live Celebration Concert was taking place in London’s Hyde Park.
via Rolling Stone
Music Album Sales Decline, while Singles Continue to Rise
U.S. album sales for the first half of 2012 slumped after seeing growth last year, while digital track sales rose, according to music sales figures released by Nielsen SoundScan.
At mid-year 2012, album sales were down 3 percent from 2011 at 150.5 million units sold over the last six months. Digital single song sales, however, notched a 6 percent rise with 698 million tracks downloaded since January.
Overall music figures for physical and digital album and single sales showed a 4 percent increase, with 853.2 million sold so far in 2012.
via Reuters
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