Sweden: Streaming claims 71% of growing market in 2013

Sweden’s recorded music industry grew again in 2013, up 5% in revenue terms overall, as streaming accelerated its dominance over CD sales and downloads.

New information released by IFPI Sweden shows that streaming income grew by a whopping 30.3% to pull in 705.9 million SEK (£66.5m) in the year.

This income represented 71.2% of the country’s total revenue generated by recorded music in 2013, which stood at 991.2m SEK (£92.9m). In 2012, streaming accounted for 57.4% of total recorded ...

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