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Streaming Fuels Digital Music Growth [CHART]

Global digital music revenues hit an all-time high of $5.9 billion in 2013. Income from streaming services, both ad-supported (+17.6%) and subscription-based (+51.3%), saw growth that offset a small decline. Continue reading [https://www.hypebot.com/hypebot/2014/03/streaming-fuels-digital-music-grow

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Global digital music revenues hit an all-time high of $5.9 billion in 2013. Income from streaming services, both ad-supported (+17.6%) and subscription-based (+51.3%), saw growth that offset a small decline in download revenues (-2.1%). Observers believe that download sales may have reached their market peak as streaming music services from Pandora to Spotify gain in popularity.

chart via Statista

Statista-Infographic_2061_digital-music-growth-

 

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