Thanks to the Internet, music sales have grown for the first time in 20 years.
At the end of 2015, the International Federation of the Recording Industry ( IFPI ) recorded an increase in music sales by 3.2% to $ 15 billion. There has been no growth in this market since 1995. So, for 2014, it decreased by 0.3%.
Such results were achieved primarily due to increased sales of music in digital format. They now account for 45% of all sales, or $ 6.7 billion. And in 19 countries of the world they already occupy more than half of the market. Over the past 10 years, online music sales have grown 6 times. In 2015, their growth was 10.2%. The release of tracks on CDs and DVDs is no longer a driver for this market.
Singers such as Adel and Ed Sheeran earned the most from selling music, followed by Taylor Swift, Justin Bieber and the band One Direction.
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Fastest among the digital formats are streaming services. Their total revenue rose 45.2% to $ 2.9 billion. More than $ 2 billion of this amount was paid by 68 million subscribers of such paid services as Spotify and Apple Music . At the same time, more than 1 billion users of YouTube and other music services, working on the advertising model, provided only about $ 634 million in revenue, the Financial Times reported.
The gap between the volume of music available to billions of users and the income that comes back from such use of their works to composers, artists and studios is one of the main problems of the market, writes IFPI Director General Francis Moore. Services like YouTube need to earn more, she’s sure.
Nevertheless, users who pay for downloading music on the Internet already bring artists and studios almost half of their income.
Megamind wrote that last year music streaming services for the first time exceeded CD sales in terms of revenue. At the end of 2014, revenues of commercial radio stations with streaming services, as well as services such as Spotify and Rhapsody, amounted to $ 1.87 billion (which is 27% of the total music market).
On the other hand, sales of vinyl music are also growing rapidly, conclude RIAA experts in their study . On-demand music services, online services with a free subscription and advertising monetization in the first half of 2015 earned $ 163 million. In 2014, this amount did not exceed $ 128 million. However, revenues from vinyl were significantly higher at $ 222 million, Megamind reported in September 2015.
As noted by Cary Sherman, CEO of the RIAA, the music industry continues to undergo major changes. Record companies are now, first and foremost, musical digital companies that more than two-thirds of their revenues come from selling music in various digital formats.
Such results were achieved primarily due to increased sales of music in digital format. They now account for 45% of all sales, or $ 6.7 billion. And in 19 countries of the world they already occupy more than half of the market. Over the past 10 years, online music sales have grown 6 times. In 2015, their growth was 10.2%. The release of tracks on CDs and DVDs is no longer a driver for this market.
Singers such as Adel and Ed Sheeran earned the most from selling music, followed by Taylor Swift, Justin Bieber and the band One Direction.
')
Fastest among the digital formats are streaming services. Their total revenue rose 45.2% to $ 2.9 billion. More than $ 2 billion of this amount was paid by 68 million subscribers of such paid services as Spotify and Apple Music . At the same time, more than 1 billion users of YouTube and other music services, working on the advertising model, provided only about $ 634 million in revenue, the Financial Times reported.
The gap between the volume of music available to billions of users and the income that comes back from such use of their works to composers, artists and studios is one of the main problems of the market, writes IFPI Director General Francis Moore. Services like YouTube need to earn more, she’s sure.
Nevertheless, users who pay for downloading music on the Internet already bring artists and studios almost half of their income.
Megamind wrote that last year music streaming services for the first time exceeded CD sales in terms of revenue. At the end of 2014, revenues of commercial radio stations with streaming services, as well as services such as Spotify and Rhapsody, amounted to $ 1.87 billion (which is 27% of the total music market).
On the other hand, sales of vinyl music are also growing rapidly, conclude RIAA experts in their study . On-demand music services, online services with a free subscription and advertising monetization in the first half of 2015 earned $ 163 million. In 2014, this amount did not exceed $ 128 million. However, revenues from vinyl were significantly higher at $ 222 million, Megamind reported in September 2015.
As noted by Cary Sherman, CEO of the RIAA, the music industry continues to undergo major changes. Record companies are now, first and foremost, musical digital companies that more than two-thirds of their revenues come from selling music in various digital formats.
Source: https://habr.com/ru/post/300082/
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