Monday, September 3, 2012

Streaming: The Leading Global Revenue Growth Engine

On August 15, 2012, Strategy Analytics released a report forecasting the global performance of physical and digital music revenues over the next several years. Here are two key takeaways:

- In 2012, global streaming revenues will increase 40% over 2011, with downloads only increasing 8.5%. In dollars, streaming will add an additional $311 million to the pie, with downloads adding an extra $303 million. Downloads still make up the majority of digital revenues ($3.9 billion to streaming's $1.1 billion), but streaming is now the leading revenue growth engine.

- Digital music will now account for 39% of the global music market, and is expected to cross 50% (thus overtaking physical as the dominant format) in 2015 (Note: the US, Sweden, South Korea and some others have already reached this milestone in their respective countries).

Check out the press release along with some additional stats from Strategy Analytics:

You can also read additional coverage from Variety and Digital Music News below:

Digital Music News:

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