Global revenues from digital music services match those from physical format sales for the first time, according to IFPI’s Digital Music Report, published today.
Digital revenues rose 6.9% to $6.9 billion, representing 46% of all global music sales, on par with physical.
The industry’s overall global revenues in 2014 were largely unchanged, falling 0.4% to $14.97bn. 52% of digital revenues were accounted for by downloads.
A steep increase in subscription revenues (+39.0%) offset declining download sales (-8.0%) to drive overall ...
To access this article you need to be a subscriber. If you are a subscriber login below.
Login NowIf you have previously taken a trial you will need to subscribe to access this article.
Subscribe Now