Global streaming music revenues will grow by 40% in 2012, almost five times the rate of download revenue.
The figure comes from Strategy Analytics’ latest Global Recorded Music Forecast, which says that music downloads will increase by just 8.5% this year, while global digital music sales will pass the £5 billion barrier.
Streaming services will therefore take over as the leading revenue growth engine for the music industry in 2012, the study suggests, generating an extra £199 million - £5 ...
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